I think this idea of using masternodes to grow the Charity funds is interesting!,
but it does put the coins into the hands of whoever runs these Charity masternodes,
meaning the network loses control and trusts 1 party with these masternodes and how they spend/use the coins from them,
whereas with the current budget system, sanctuaries control who gets coins from the superblock from voting.
So the question comes down to, does the benefit of compound interest outweigh the con of centralization of the funds.
But even so, when we do pay someone funds from the superblock, there is no guarantee they will use the funds for what they say they will do, so it comes more down to trust / building a relationship.
So far TMike has been very active in Testnet Testing and in the Discord the past month or so.
Also centralization wise, Rob is currently the one handling the Compassion Charity and is the middle man of the funds, so we currently all trust Rob with that process, but he does provide documentation of his selling of the coins and also we can contact Compassion to confirm our account with them and the number of orphans. But also, he still has to put up a proposal every month to receive funds.
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Rapture coin I believe is trying to partner with charities and provide them each their own masternode:
https://our-rapture.com/giving/But it looks the will Rapture will run them for the Charities and fund the charities periodically from the payments
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Rob was also looking for someone for the "Director of Charity Integration" position
https://www.reddit.com/r/BiblePay/comments/7mj66u/hiring_for_director_of_charity_integration/I believe jaapgvk did a really good job with CameroonONE and it sounds like he might potentially be interested in the role as well or in teaming up.
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More questions for thought:
- How would voting on the use of the funds work?
- Worst case, What happens if you end up stepping away from the project or pass away?
- Is it possible to make sanctuary ownership or the payments from them more decentralized?
- For the work of screening and communicating with charities, communicating with us about the charities and maintaining/updating sanctuaries, what would your potential payrate be? (I want you to get paid for your work!)
- Rob, are you open to passing on your Compassion work? Or is that something you still want to do / be directly involved in?
- Any ideas on how to help charities with technical integration?
Just some questions, no need for anyone to answer, just things to think about.