by Decentralizd (4 proposals submitted)
(5,978,837.343 of 513,192.531voted)
Description: Prior to launch an agreement was made to fund .5 btc worth of work from an external team to rework our Seed Phrase boot process for new wallets and make them not only more usable, but more secure in the process by forcing users to re-enter their seed in an elegant way as opposed to simply writing it down and closing the pop up.
This work is now complete and while there was funds for this work at the time, they have since been utilized elsewhere as the assumption was the DAO budgets would be able to cover this work.
Sadly this is not currently the case and we are forced to pursue other solutions to this payment.
The proposed solution is outlined below:
3.5 Million Coins @ 14 Satoshis (average price for last week) that will be locked for 3 months in a multi-sig address and split up among any donators proportionally, everyone is welcome to chip in and receive a portion of this.
Cost: 3.5 Million Coins @ 14 Satoshis ~.5 btc
DAO Additions: 800k - DevDAO
Community Budget Cost - 2.7m (3 installments of 900k)
Timeline: 3 payments
BTC Pledges: 6 - cap per person of .083 BTC.
We hope this proposal will pass so we can move on and integrate this code without seeking external funding for the cost and do not intend on funding larger development proposals this way, simply a stop gap solution to keep the team focused on development and not sourcing funding.