Plenty of engagement which is great guys. It’s clear that this board will do powerpool huge benefits. Like sergey says this is just 25% of what the work is the rest is withheld for competitive advantages. We all see that we need such a board. I don’t think there is much doubt about it. So everyone wants such a board. Great, we can all agree there.
Clearly the issue is payment and I see why it is such a barrier for everyone. Everyone is focused on the dollar value that members of this board will be paid at the end of the day and comparing it as i did many times, to the dollar values that they make, or that they think is too high.
INSTEAD I encourage you to look at cvp amounts and set aside the dollar value for a minute. Since cvp amounts they get paid is actually what really affects the protocol and the rest of us not what the board makes in dollars.
First lets make sure everyone knows that the payment (including if bonuses are met) of 70k * 5 = 350k NOT released in 3 months
70000/18*5 = 58,333 cvp is what will be released for all 5 members for 3 months. Or 41,666 cvp if bonus goals not met.
This is not much inflation at all for cvp over 3 months and the project and the rest of us will extract so much benefit from their connections, expertise, marketing.
Conviniently ignoring tester tokens as if it’s not a valid argument to base it off is wrong, because it is valid. 192 Beta/gamma testers were given 50,000k each for barely any work in most cases. This board will reduce those allocations as well.
Thankfully another community member sparked the revision of tester tokens Beta & Gamma Testers Low Activity < 2 weeks ago. If this person didnt do that we were doomed to face 9.6 million tester tokens entering the market. No one complained b4 they raised that issue.
Tester tokens will also vest over 18 months like board members tokens so let’s compare it over
18 months:
9,600,000 testers vs 350,000 board
3 months:
533,333 testers vs 58,333 board.
It’s not even a close comparison. And yet we were almost willing to do nothing about testers tokens until it was brought up at the last minute.
Also currently our index cvp reward programs are costing us more than 1 million Cvp PER MONTH and killing the projects potential. Why aren’t we scrambling to reduce this bleed of mindless printing asap? Instead we are focusing on why 58,000k cvp must not enter the market over 3 months (in return for a huge benefit of the ideas and connections, and time of the board.)
If we don’t like what the board has done over 3 months? then we can say to hell with it. Scrap the board. We give away 58,000 cvp and that’s, it no real damage.
But what happens if we don’t pay this board 58,000k cvp and settle for a less competent board say? We are likely to see that this project cannot capitalize on its tech innovations, it cannot make big connections with others, dpi & piedao will pass us, we wont have the same level of quality of ideas and innovation, etc.
So let’s weight up the risk everyone
Lose 58k cvp, a drop in bucket compared to the millions we have printed over months. And project likely dies wondering while competitors eat us up.
Or the fact that we give 58k to these board members that been active and contributing since the start of the project months ago when they were doing it for no charge, powerpool at a crucial time where we need structure and cohesiveness and directions tries to establish dominance as others catch up to us so that we have something to salvage. I think the latter is far better.
Hope u put aside usd comparison as I asked and see that in terms of cvp this allocation is relatively nothing.
So now let’s look at it in usd. If the board does their job and this project excels to the top and cvp moons, who loses? Do we lose by paying the board? The board gets alot of return but they deserve credit don’t they. And we stand to benefit as investors to the project when it moons.
I hope we can move past it, put their payment into context interms of testers allocation, cvp inflation, and actually see that they can bring so much benefit to this project that piedao and dpi can’t get and we want to capitlize on this now when its so crucial.
Remember elon wanted to be paid in tesla stock not dollars! Now he is the richest man in the world, I don’t hear tesla stock holders complaining today!
