Its more like lots of people put in money and few experts decide.
Actually There will be a dedicated Team in the DAO for grantmaking and monitoring funded projects. This team will comprise of experts and other interested or knowledgeable parties. All from the DAO. This team suggests or receives and analyzes funding proposals and then puts them up for general discussion and debates and final voting by all members. More details on this process will be given in my next update.
Ah, but then in what ways is this different from EA funds? (No need to reply to this now, happy to see something in the next update; just raising it’s still a concern).
I think one critical difference is that EA funds is not subject to approval, control or oversight of the “EA Community”, In other words, it is not the EA Community’s funds. Anyway I’m sure things will become clearer with the next update.
Hi MichaelPlant I just posted the second update with some more detailed explanations. Hope you can find the time to go through (its quite lengthy) and hope it makes things clearer. Here’s the link
Its more like lots of people put in money and few experts decide.
Actually There will be a dedicated Team in the DAO for grantmaking and monitoring funded projects. This team will comprise of experts and other interested or knowledgeable parties. All from the DAO. This team suggests or receives and analyzes funding proposals and then puts them up for general discussion and debates and final voting by all members. More details on this process will be given in my next update.
Ah, but then in what ways is this different from EA funds? (No need to reply to this now, happy to see something in the next update; just raising it’s still a concern).
I think one critical difference is that EA funds is not subject to approval, control or oversight of the “EA Community”, In other words, it is not the EA Community’s funds. Anyway I’m sure things will become clearer with the next update.
Hi MichaelPlant I just posted the second update with some more detailed explanations. Hope you can find the time to go through (its quite lengthy) and hope it makes things clearer. Here’s the link