HIP-1: UBI Accrual Rate based on Vouching Activity

YES!

Make that immutable like 24 hours = 24 UBI. So changing this is equivalent to changing hours per day. :joy: As immutable as 1 human = 1 vote.

Itā€™ll save devs lot of headache in totalSupply equation and stream functions.

Still as a democracy we should first vote to lock this ā€œforeverā€ so any future change in accrued rate will require super majority of 80% votes. Governance will focus on other stuffs instead of this controversial idea of attaching strings to UBI accruing rates.

24 Hours = 24 UBI. No strings attached.

3 Likes

Agree with @0xc0de4c0ffee, we should lock in the issuance forever. Doing so would make us look a lot more trustworthy. The income can still be increased by increasing the value of the token. Any salary can be paid from the DAO (which needs its own income for the whole thing to work anyway).

I donā€™t think there is a democratic problem in locking the issuance rate forever since later managers are free to create a new token with other rules.

Best IMO would be if we could technically prevent ourselves from ever changing it - or we could require a 10% quorum of all users and 80% approval (super-duper difficult and if someone pulls that off they must have a point).

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@0xc0de4c0ffee @Mads Iā€™m in favour of making issuance immutable and require a high % with a relevant quorum to change it. We should do a HIP for this.

3 Likes