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Spending Authority of NXTtechdevfund
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Author Topic: Spending Authority of NXTtechdevfund  (Read 5640 times)

Pouncer

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Spending Authority of NXTtechdevfund
« on: April 09, 2014, 05:22:52 am »

I received a spending request via PM from gs02xzz making reference to this post. Please note that I have the community's mandate to disburse funds through instructions by the committee and not from a forum member. For the sake of transparency, I have to state the following:-

1. I am not clear at this point who are the committee members and what is the decision making policy after the resignation of Jean-Luc and assignment of voting rights by EmoneyRu to l8orre.
2. There are many threads discussing the above, but there appears to be no clear decisions.
3. The spending request by gs02xzz has been approved by anon136, antanst, abuelau & l8orre
4. While abuelau has not voted on antanst's nomination to the committee, he appears not to have any objections either.
5. All 3 remaining original committee members have approved this particular spending.
6. Hence, regardless of whether antanst has been "officially" elected to replace Jean-Luc or whether l8orre continues to vote on behalf of EmoneyRu or if another member should be elected to replace EmoneyRu, there appears to be a consensus at this time for this particular spending request.

Based on the above, I shall proceed to make this payment if I don't receive any objections from anyone 24 hours after this posting.
CIYAM, please post here the NXT address for receiving this payment.

« Last Edit: April 09, 2014, 05:31:00 am by Pouncer »
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Pouncer

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Re: Spending Authority of NXTtechdevfund
« Reply #1 on: April 09, 2014, 05:23:08 am »

Moving forward, we'll need to answer mczarnek's question "So who is on the Nxt TechDev committee?" and have a clear decision on:-
Seat vacated by Jean-Luc
EmoneyRu's status
Voting policy

After these have been sorted out, please elect among all members ONE representative to act as the Spending Authority (please note that this has been confirmed for all other funds). I will send the link to the form below so that all subsequent spending requests can be made through this form and all requests are publicly viewable here. Hope we can sort this out soon so that the next request can be processed more efficiently. Thanks.

Spending Request form

« Last Edit: April 09, 2014, 06:05:02 am by Pouncer »
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CIYAM

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Re: Spending Authority of NXTtechdevfund
« Reply #2 on: April 09, 2014, 05:56:41 am »

You can send funds to 4188010183486031974 (current balance at the time of this post is 104,030 NXT).
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anon136

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Re: Spending Authority of NXTtechdevfund
« Reply #3 on: April 09, 2014, 06:00:35 am »

Thanks pouncer. You really were the perfect guy for this job. I love the way your mind works.
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anon136

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Re: Spending Authority of NXTtechdevfund
« Reply #4 on: April 09, 2014, 06:03:58 am »

Moving forward, we'll need to answer mczarnek's question "So who is on the Nxt TechDev committee?" and have a clear decision on:-
Seat vacated by Jean-Luc
EmoneyRu's status
Voting policy

After these have been sorted out, please elect among all members ONE representative to act as the Spending Authority (please note that this has been confirmed for all other funds). I will send the link to the form below so that all subsequent spending requests can be made through this form and all requests are publicly viewable here. Hope we can sort this out soon so that the next request can be processed more efficiently. Thanks.

Spending Request form


l8orre has really stepped up to take some initiative on this project. I vote for him for spending authority. Ill talk to the others about it and see if we can come to some consensus.
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LocoMB

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Re: Spending Authority of NXTtechdevfund
« Reply #5 on: April 09, 2014, 06:21:00 am »


yes and I have done so only because participation was and is less than mediocre and I will not have obligations nonchalantly dumped on me for being the jackass that tried to move this forward.

I won't be able to continue this in the present form for long anyway.

Pouncers questions point out the exact issues at hand, and I have been trying to get some traction for quite some time now.

So let us please discuss this in a bit more detail.
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abuelau

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Re: Spending Authority of NXTtechdevfund
« Reply #6 on: April 09, 2014, 10:19:11 am »

Thanks pouncer. You really were the perfect guy for this job. I love the way your mind works.

+1

abuelau

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Re: Spending Authority of NXTtechdevfund
« Reply #7 on: April 09, 2014, 10:24:04 am »


yes and I have done so only because participation was and is less than mediocre and I will not have obligations nonchalantly dumped on me for being the jackass that tried to move this forward.

I won't be able to continue this in the present form for long anyway.

Pouncers questions point out the exact issues at hand, and I have been trying to get some traction for quite some time now.

So let us please discuss this in a bit more detail.

I think that this initial phase was tricky because we didn't really know how to set things up.

It seems things are flowing a bit better now. Going forward, things should get better as we get used to working together and the way things are done.

I also vote for l8orre to be the spending authority and would like to thank him for his work. Without him, there would not be a TechDev.

When l8orre feels he can't be the spending authority anymore, we can nominate another person.

antanst

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Re: Spending Authority of NXTtechdevfund
« Reply #8 on: April 09, 2014, 11:05:17 am »

I vote for l8orre to be the spending authority as well. Let's get things moving.
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Pouncer

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Re: Spending Authority of NXTtechdevfund
« Reply #9 on: April 09, 2014, 11:29:22 am »

Great! We're making progress.

anon136, l8orre and abuelau have now unanimously decided to appoint antanst as replacement for Jean-Luc.
anon136, abuelau and antanst have voted for l8orre as Spending Authority.

@l8orre, please confirm you accept this role. Once you do, we have a unanimous decision for Spending Authority.

The 4 of you will have to decide on:-
  • EmoneyRu's situation (To replace him or continue to let him vote by proxy through l8orre).
  • Conditions under which l8orre can instruct me to disburse funds (voting policy).
Once these have been sorted out, I'll send l8orre the link to the spending request form.
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anon136

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Re: Spending Authority of NXTtechdevfund
« Reply #10 on: April 09, 2014, 05:58:48 pm »


yes and I have done so only because participation was and is less than mediocre and I will not have obligations nonchalantly dumped on me for being the jackass that tried to move this forward.


man you are so abrasive sometimes. why do you have to say things like that? if you dont want to do it than that's perfectly fine, just say so. no need for accusations. no one is trying to dump anything on you. im perfectly willing to do it if others do not wish to. i said what i said because i thought you would be a good person for the job. no other reason.
« Last Edit: April 09, 2014, 06:01:23 pm by anon136 »
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Pouncer

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Re: Spending Authority of NXTtechdevfund
« Reply #11 on: April 10, 2014, 06:51:44 am »

Requested payment has been made:

Amount: 180,000 NXT
Receiving Account: 4188010183486031974
Tx ID: 16500262643477077128
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Pouncer

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Re: Spending Authority of NXTtechdevfund
« Reply #12 on: April 11, 2014, 12:32:02 am »

To all committee members of NXTtechdevfund:

l8orre has accepted the role of Spending Authority as per his PM to me, CC to all committee members.
Since approvals for payments are being made by the committee pending resolution of the 2 points mentioned below, I have sent l8orre the link for the spending request form.


Great! We're making progress.

anon136, l8orre and abuelau have now unanimously decided to appoint antanst as replacement for Jean-Luc.
anon136, abuelau and antanst have voted for l8orre as Spending Authority.

@l8orre, please confirm you accept this role. Once you do, we have a unanimous decision for Spending Authority.

The 4 of you will have to decide on:-
  • EmoneyRu's situation (To replace him or continue to let him vote by proxy through l8orre).
  • Conditions under which l8orre can instruct me to disburse funds (voting policy).
Once these have been sorted out, I'll send l8orre the link to the spending request form.
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LocoMB

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Re: Spending Authority of NXTtechdevfund
« Reply #13 on: May 21, 2014, 08:05:56 pm »


after discussions in the TechDev committee and according to what was agreed earlier with wesley, I am about to ask Pouncer to release 150,000Nxt bounty to wesleyh for delivery of the milestones as promised.
also, I will ask Pouncer to send 30,000Nxt to sandylabs for implentation of new NRS core features.


 
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CIYAM

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Re: Spending Authority of NXTtechdevfund
« Reply #14 on: May 24, 2014, 02:49:13 am »

You might have noticed the launch of the NxtAT Asset which I think will go a long way towards expediting the completion of AT as well as give the investors an opportunity to "get a return" other than just a great product.

But some are now complaining about the fact that the AT project was granted 180K of NXT from the tech dev fund.

I have so far spent 20K of those funds and am expecting to pay another 40K for the completion of the testing tasks that have been underway for some time now.

As we have managed to raise a significant amount of funds through NxtAT I would be happy to return 120K NXT to the tech dev fund.

Please let me know your thoughts on this issue as I don't want this to sully the great work they is being done on this project with arguments about funding.
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anon136

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Re: Spending Authority of NXTtechdevfund
« Reply #15 on: May 24, 2014, 03:09:10 am »

frankly this sounds like a ridiculous argument to me. what do your efforts to raise more funds have anything to do with the funds that we have already payed you? nothing that's what.

there is however perhaps an argument to be made for how the techdevfund maybe should be entitled to some of the shares of NxtAT. im not saying that we should but i just wanted to point out that this at least would not be a ridiculous argument.
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CIYAM

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Re: Spending Authority of NXTtechdevfund
« Reply #16 on: May 24, 2014, 03:34:03 am »

Thanks for the support - maybe we could consider using the 120K NXT to purchase NxtAT units which will then be transferred to the tech dev account?
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anon136

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Re: Spending Authority of NXTtechdevfund
« Reply #17 on: May 24, 2014, 05:47:02 am »

Thanks for the support - maybe we could consider using the 120K NXT to purchase NxtAT units which will then be transferred to the tech dev account?

that's totally up to you. feel free to do that if you think its a good idea, or don't if you don't.
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CIYAM

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Re: Spending Authority of NXTtechdevfund
« Reply #18 on: May 25, 2014, 04:11:36 am »

After consulting with vbecas we decided to *gift* around 60M (from memory) Asset units to the tech dev fund as a "thank you" (the rest of the NXT that had been bestowed upon the project will be spent on completing the testing tasks).
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anon136

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Re: Spending Authority of NXTtechdevfund
« Reply #19 on: May 25, 2014, 06:03:43 am »

neat.

I dont want to undermine your fundraising efforts for the sake of increasing the funds in the tech dev, so ill go ahead and instruct pouncer to sit on these assets and not sell any of them. We will use them to collect dividend payments only.
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EvilDave

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Re: Spending Authority of NXTtechdevfund
« Reply #20 on: February 07, 2015, 06:16:17 pm »

Just to round off the existence of the TechDev committee:

In my role as CFC chairperson I'd like to make a formal request to transfer the remaining TechDev funds to the new Community Funds Committee, as detailed in the PM below from Pouncer, currently both TechDev and CFC treasurer:
Here's the link to the Spending Request form
https://docs.google.com/forms/d/1rtEZ15u05xqh34gTftMLdVDgMXvPMbGWiPNiJ-C7Yig/viewform

Before you can use it, you'll need to make a formal request to transfer entire balance from TechDevFund account NXT-R54H-5CST-CAQ7-24SB2 to CFC Account 1 NXT-NDPN-KL88-G9CA-45PXP.

So long, and thanks for all the fish.
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Pouncer

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Re: Spending Authority of NXTtechdevfund
« Reply #21 on: February 08, 2015, 03:39:04 am »

All balances (NXT & Assets) have been transferred to CFC Account 1 (NXT-NDPN-KL88-G9CA-45PXP). New online ledger is kept at
https://docs.google.com/spreadsheet/ccc?key=0Alf2rui4QGsjdEdfNGMzM1luaF9KOEJxSlNWUk54dFE&usp=sharing#gid=5

Note:
Since link to new Spending Request Form, which is meant to be known to Spending Authority of CFC Chair alone, has been accidently posted publicly, it has now been delinked from the ledger above, and a new form has been generated and resent to EvilDave via PM.

Just to round off the existence of the TechDev committee:

In my role as CFC chairperson I'd like to make a formal request to transfer the remaining TechDev funds to the new Community Funds Committee, as detailed in the PM below from Pouncer, currently both TechDev and CFC treasurer:
Here's the link to the Spending Request form
https://docs.google.com/forms/d/1rtEZ15u05xqh34gTftMLdVDgMXvPMbGWiPNiJ-C7Yig/viewform

Before you can use it, you'll need to make a formal request to transfer entire balance from TechDevFund account NXT-R54H-5CST-CAQ7-24SB2 to CFC Account 1 NXT-NDPN-KL88-G9CA-45PXP.

So long, and thanks for all the fish.
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LocoMB

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Re: Spending Authority of NXTtechdevfund
« Reply #22 on: February 08, 2015, 07:40:22 am »

 



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