Now that the 20 million SCRT ecosystem fund has been announced I think it’s time to reconsider how we plan to use the community pool going forward as a community.
I can start with an Idea of how we could.
- I think we should make 10 -15 small bets on teams each year using the funds that come in each year.
- Aim to keep a large reserve.
- Not let people take 10%+ from the pool unless the work is desperately needed or it’s an emergency.
My reasoning for this suggestion is that the community pool has the only funds that the public has an actual say in how it’s used. We have no say in how the EnigmaMPC, Secret Foundation, or Ecosystem fund operates in regards to use of funds. I believe if we deplete the pool or allow companies to loot / empty it at a fast rate then it will continuously happen as we progress.
How does everyone else think the pool should be used going forward?