Issue 32 - May 23 - June 12 2020

Image credit: @30000fps

Treasury balance: 633,896 DCR (approx +12,847 DCR/month) - $10.5 million (+$213k/month) based on $16.55 DCR price

New proposals

Decred Bug Bounty Program: Phase 3

Published 1 Jun by degeri | updated 6 Jun | 8 comments

The bug bounty program is up for renewal, with a budget of $5,000 requested to cover its maintenance and administration for 1 year, and up to $100,000 to be made available for bounty payouts. For the last 10 months the proposal reports spending figures of $1,780 in running costs and $3,475 in payouts, in the last year there have been 60 submissions from 36 different email addresses.

Comments are supportive of the proposal and how it has been managed by @degeri. @matheusd suggested adding details of the submission and payout process to the proposal, with the answers being edited into the proposal. There’s a 10% reduction in payouts for not using PGP to encrypt emails. Payments are now handled through the CMS, an effort is made to process the payouts alongside contractor payments for the month the bug was submitted (so that they are paid at the same DCR/USD rate as contractor work for the month).

Planet Decred launch proposal

Published 2 Jun by raedah | Abandoned Jun 11 | 32 comments

This proposal requested a budget of $22,000 to support (for a 6 month period) a variety of endeavours to make Decred development more accessible and decentralized. Part of the proposal involved hosting servers: a Matrix server, additional dcrdata servers, testnet faucets and other servers, at maximum costs of $3,000 for hosting and $6,000 for administration. The proposal also covered maintenance budgets for the ($2,000) and ($3,000) websites, and a budget of $3,000 for organizing and running local events. Funding for work already completed (e.g. the websites) was not being sought.

The proposal received comments from the leads on a number of Decred software projects, in which they discussed whether each component of the proposal would help to decentralize development, and whether the Treasury should be paying for it. The subject of costs associated with running servers to provide development environments and in production was discussed in depth, with most commenters indicating that development environment costs should be covered by the developers out of their own pocket. @raedah argued that hosting sites like and dcrdata likely incurs some costs for the Treasury already, but these are not well documented. There is some disagreement over where to draw the line around Treasury funding to host infrastructure like websites and block explorers.

@raedah edited the proposal to say that it would be withdrawn to be broken down into smaller parts. From the discussion it was determined that some of these parts (like moving the repositories on GitHub, running a Matrix server) do not require stakeholder approval and will launch immediately, and other aspects will appear in their own proposals.

Proposals under discussion

TV Marketing For Decred (DCR)

Published 18 May by w3bt | 55 comments (+44)

The comments remain sceptical about this proposal, with the use of optimistic price projections being highlighted and questions being asked about whether the offer is as it seems.

Approved proposals

Decred OnChain - A Research and Charting Resource

Final voting figures: 13,250 Yes votes, 2,072 No votes (86.5% Yes) - voter participation of 38%.

$7,800 for design and development of a Decred charts/metrics site.

Decred Latam Marketing and Events Proposal 2

Final voting figures: 9,952 Yes votes, 6,451 No votes (60.7% Yes) - voter participation of 41%.

$46,000 for marketing efforts in Latin America which shift towards online events and media production.

DCR On-Chain Research: Phase 2

Final voting figures: 10,364 Yes votes, 3,566 No votes (74.4% Yes) - voter participation of 35%.

$16,000 for a second phase of @permabullnino’s research project, to cover 8-10 months of work.

Rejected proposals

CoinStory - The History and Evolution of Cryptocurrencies (Book)

Final voting figures: 1,576 Yes votes, 11,956 No votes (11.6% Yes) - voter participation of 34%.

Other News

The Latam proposal’s voting period had an exciting conclusion, as it hovered around the critical 60% approval mark in the final few hours. With 4 proposals voting at the same time, and high turnout across the board, the server missed some votes which made it into the Git repository but not the server cache, and consequently the totals displayed on the site were slightly off (32 votes were missed) for around a day until @lukebp deployed a fix. The missing votes did not affect the outcome.

About this issue

Snapshot of Politeia data for this issue is based on this commit.

Content for this edition was authored by @richardred with fixes from @bee.

Image credit: @30000fps

Richard Red

Techno-social (data) scientist. Likes peer production, public blockchains, decentralized credits, and DAOs.