Token Engineering Commons Params Debate Sessions, 25 Oct 2020

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From YouTube: Goldilocks ✌️ 4️⃣ - 25-20-10% Builders Supply, Small Tribute, High-ish Max Goal, High Supp ,Min Qu.

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A

My my parameters are here: it's called goldilocks v4. It has a frog emoji get out rock the vote. You want to vote for the frog vote for the frog. Memes are what win right vote for the frog. uh Goldilocks b4 is uh the goal here. It was. It was very much inspired by eight and also inspired by uh goldilocks. Obviously, and the main thing here was to bring some comprehension to the marketing around it and that's not the main thing.

A

Obviously, I designed the system to have the uh results that I like, uh but also then I tweaked it at the end just to make it just right as lauren says and have, uh but instead of with goldilocks, they made the impact hour rate nice and even and easy to explain, and I wanted to focus more on the builders supply.

A

So I started with the assumption that hey, let's make the at the minimum goal. Let's make it so that the builders get 25 percent and at the target goal they get 20 and at the max goal they get 10 so that people feel so that we have this uh incentive alignment, and I wanted it to be easy to tell people right.

A

uh It has a very small hatch tribute which uh well, which I'm sure chewie will be known. It has a wide range between goals, but the main goal is uh still something that needs to be achieved. It's eight hundred thousand uh has a high support and uh like a in a medium quorum. So for the hatch uh here I'll zoom in here, so you can see. The total supply held by builders is what I was designing around.

A

uh These were the first parameters that I went with, and then uh this gives a nice uh range for impact hours. uh Ratio uh starts at 27, which I think is a very fair for an impact hour rate. uh The impact hours from my perception are, it probably took, like you know, two hours to get one impact hour, so I kind of wanted it to be in the 30 range because that's minimum wage in seattle.

A

So that was important to me uh and also you know, people get rewarded if, if we raise a lot of money- and this was a success- also the backers rage quit- I wanted to make sure that the individuals can hold the collective accountable and it doesn't feel like un, like unreasonable to rage quit and also I wanted to use that as part of the incentive mechanism for for backers to continue to push for more funds.

A

So I kind of ignored how much money goes into the hash tribute, because I I don't see that as like the biggest thing, I will rewrite the strategy a little bit soon. uh Other parameters that I think were important uh so like a hatch membership ratio of 10, uh which means that anyone who's in the trusted seed can put in at least 10k.

A

So for most people they will not hit their cap. I think, uh if they're, if they're, not really in, if they really want to put money, 10k is usually enough for people, um but if of course, we do really well and and people want to put in more and more and more money, then like uh they can it's not obscene for them to go to the trusted seat and get some more. I like a long hatch period because I want extra time to develop on the common swarm and the commons upgrade dashboard.

A

um Not gonna lie uh so minimum 30 days for me, and I really liked uh olivia's point on having a a strong quorum. That's achievable for technology.

A

Support required and minimum quorum. I really want a high support required. I want a high consensus on decisions here, if more than 12 percent of people that are engaged vote, no or 12 of token holders vote, no, we shouldn't pass the proposal, uh that's just how I feel um and then uh two days to rage quit uh basically a little under a week for a vote to go through so yeah. This is uh this. Is these? Are this is my proposal?

A

uh Does anyone have any questions or challenges, but they? What do you not like about it? Tell me.

B

Overall, I really like them. The only thing I um you know like like um it's not like, I don't like it, but I see like the weak point of the branches like the the cstk, you know, maybe a frog I mean.

A

If one frog goes in.

B

It's okay, but if money goes in it could be a problem, but yeah I mean you, like. You know better than me that how the trusted seat is working so yeah, that's the only thing I had.

A

So the sea stack ratio is too damn high. In your opinion,.

C

Yeah and maybe like they had period like 30 days like might be interesting for development. This might be like. I don't think we would get more money from that, probably because people have been just like at the beginning and at the end and having like 30 days might be like that persons of urgency, like people just like, maybe forget that it is open during this time, maybe like three weeks but make sense for the for the the process.

A

Yeah, it's very true right, like you lose a little bit of engagement, magic and honestly in some ways you punish the people who put x die in early 30 days of no number go up. You know for uh for putting in money there. So it's definitely a challenge.

A

I think this is something that brings up a really good point that something that we should be aware of, so that, like hey, the hatch is open, um but like we're also in a bull market, and so in some ways, a longer hatch period will punish the people who put money in early, and then that means that it's also.

A

We should expect that we won't get a lot of money early and not to be like disappointed by that outcome. Just as a community. If we have a long hatch period.

D

The number of days that proposals are out, um I'm just questioning in my limited experience, I feel like I miss proposals in certain dows because they happen faster than I am paying attention. So four days does seem like so my thinking is: there's gonna be very few proposals in the hatchimal, there's probably gonna, be there's. Definitely one big decision, and maybe one or two others so giving people a little more time to vote seems like it makes sense to me.

A

Nicely, I'm always balanced by the development thing like I want. If there's a bug or something and we need to do something stupid, I don't want it to take so long.

A

So I picked four days um mostly because for that big vote I feel like we can announce it early and tell people rally support for it and uh and I'd rather have it be since there's only one vote I'd rather, I kind of lean toward the like shorter hand, but actually I saw a lot of vote durations for three days even but yeah. I think I think that has merit.

D

Yeah- and that makes a lot of sense actually, because you can react faster to uh votes.

A

Still, it has a lot of merit that oh, we miss votes, sometimes because of this. This thing definitely for the next dow, where it's like you know, we have conviction, voting for small things, and then we should definitely have a longer duration for this one, there's only one decision.

A

So any other uh any other uh debates.

D

What is the name of this one on um on token log, I'm looking for it and goldilocks.

A

V4 is goldilocks before the frog vote for the frog, because it feels good man feels good to vote for the.

A