FAQs of the Worker Proposal System

joshkauffmanjoshkauffman Posts: 21 Jr. Member - 1/5 EOS Tokens
edited June 20 in Worker Proposals

I just heard about Worker Proposals, what does that even mean?
The EOS System creates inflation of 5% each year. 1% is dedicated to fund the Block Producers who run the chain, while the remaining 4% is paid into the Worker Proposal Fund (WPF). The WPF is intended to be a source of funding for community driven ideas that help grow the ecosystem. The exact definition of what that entails is an exercise we the community have to solve together.

What is the current status of the system proposal?
Up until now, this working group has been in ‘question collection’ mode. We have compiled a large list of questions which the community has presented as being pertinent to the structure/formation of the Worker Proposal System.

When will the system proposal be presented to the public for review?
Nothing permanent will happen until a referenda mechanism is put in place. Currently the working timeline can be found at: https://drive.google.com/file/d/1xlRZe9xR3d90f9VcVHaDuZmLU-i5b_33/view

How will the proposal be presented to the public for ratification?
The proposal will consist of several deliverables including a thorough process model of the proposed system, a change management plan to empower community to amend the system as the mainnet evolves, and a plan to open a referendum through which the EOS token holders can vote to approve the project. Each of these deliverables will be presented in draft form in English at first, with Chinese and Korean translations coming as quickly as we can. They will be available for periods of time as outlined in the Timeline above for community review and comments. The project team will then integrate material feedback and present the final version of each deliverable. On August 31, 2018, the project team will open the WPS referendum which will trigger an on-chain community wide vote to adopt the Minimum Viable Product (version 1.0).

Who is the project sponsor?
The project is sponsored by whoever can put forth a thought out proposal that the community adopts. Currently, we have a group working on this, but there could be others out there to whom the community can look to for this. As of now, we are unaware of any other efforts, and are always looking for community engagement and involvement. This isn’t our project, this is a project we’re working on, on your behalf.

How are decisions made?
Decisions are not being made. As a group, we are working together to create a proposal. No decision is implemented until the community as a whole votes for or against our proposal. Within our working group, we discuss at length and involve input we receive from community members to ensure that we’ll end up with a proposal that is for the chain, and not imposed on it. In the end, it will be a referendum that brings this, or any system to life.

Why is there an MVP1 and MVP2?
There are a few things that are still being worked on and developed for the Worker Proposal System which may take some time to be fully written and tested. However, there are some important things that will need funding as soon as we can get community consensus to fund them. These may include, for example; security testing, testnet operations, code reviews, ECAF setup, Worker Proposal System, bug bounty programs, etc...
To ensure that we don't let important things wait for this system to be fully created, we propose to have a first version out as soon as we can. This will also allow us to learn what important features are we missing, or need to be fixed for the next version.

How can I get involved?
The best way to get involved is to begin by reading through https://forums.eosgo.io/categories/worker-proposals and then joining us over at
https://t.me/eosio_wps to continue the discussion.

Where should I give my feedback? I have an opinion, how should I best present it?
Until a formal mechanism has been put in place, the forums at EOSGO and the Telegram group are the best places for now.
https://forums.eosgo.io/categories/worker-proposals
https://t.me/eosio_wps

Representative from EOS Canada
All opinions my own unless stated otherwise

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