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April 4, 2019

Medha Parlikar edited this page Apr 4, 2019 · 1 revision

Attendees

  • Medha Parlikar
  • Cate Colgan
  • Chidindu Ojimadu

Notes

Review open action items from last meeting

  • Meeting time: Thursday morning 9 am PDT: Weekly
  • Livestreaming - Seems to be working today

Open Action Items

  • Medha is going to revisit the meeting time, and review previous meeting notes and float a new time with those folks. Participation has been low. The new meeting time will attempt to meet the requirements of the persons interested in participating in the meetings.
  • Bounty system - Medha is working with legal on contributor wording & taxes, payments and tracking mechanism.
  • Will move the bounty program to the top of the stack.
  • Medha provided a status update on the project.

Money Supply Update

  • On Inflation - based on last week's governance meeting, and the feedback around the importance of store of value, we are now proposing an inflation rate that is lower than that of Gold (which is around 1.76%) - and we selected 'phi' the golden ratio ~ 1.6%
  • Question: is the inflation perpetual, or will there be a fixed supply of token? Leaning towards perpetual.
  • Leaning towards burning stake- as we don't want to encourage griefing on the system.

Action Items

  • Reach out to prior attendees on Telegram and other channels and try to set a new meeting time. Participation has been low.
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