JohnShao
JohnShao

John Shao

LikeCoin Governance Proposal | Voting Decision on Proposal #29

Introduce the voting intention of the #29 motion.

I will briefly explain the motion, put forward my own ideas, and finally clearly state my voting decision. If you have entrusted likecoin to me, but do not agree with my decision, you can leave a message and tell me your thoughts, or you can vote by yourself. You can ask me about the voting method, or you can read Daisy's teaching article. Appreciate the citizens of the Republic of Citizens AKA All Likers can now directly vote for governance proposals! . If you really strongly deny me, you can also drag the transfer to other verifiers.

If the content is unclear, you can ask me. It is also encouraged to look at the related works, the way of the likecoin governance proposal, and the thinking of liquid democracy.


#29 Transfer LIKEs in the conversion pool and team pool to the community pool

Proposal : Transfer all the LikeCoin in the Migration Pool and Team Pool to the Community Pool

Introduction :

This proposal is to ask the community's intention, whether to agree to transfer the LIKEs in the conversion pool (a total of 106,896,582.528175703 LIKEs) and the team pool (a total of 121,900,014.273302482 LIKEs) to the community pool? With the dissolution of the LikeCoin Foundation and the continuous decentralization of community funds, public funds such as community pools will no longer be held by individuals and will be used unanimously through community proposals. If this bill is passed, no individual or organization will hold public funds alone.

Intention :

This is the third proposal in a series of decentralization of public funds. According to the previously set process , the community public funds will be transferred to the multi-signature wallet of the community pool or committee step by step. Motion #22 is the first related motion , then motion #26 . If this motion is completed, the public funds will not be held by one person in the future, and the problem of too much concentration on a single person will be solved. Moreover, in the future, the use of the community pool will need to be directly transferred through a proposal. It will no longer be the same as now, which needs to be passed first and then executed by someone.

Decision : Yes


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