danielle
Pivian
Rhubarbarian
7
Apr '18
This proposal, submitted on behalf of the entire Marketing Team for PIVX is to refund those who donated to fund the Marketing Proposal which passed, but failed to get paid out due to a known, but rare bug in PIVX which we inherited from Dash.
In short, here is what happened last month.
The Marketing Proposal was set to pass for March-April, and there was 320 PIV left in the budget. A separate proposal was submitted at the last minute to grab that 320 PIV and put it to good use. However, during the payout at the superblock, the proposal for the 320 PIV was paid twice. This meant that there was not enough PIV remaining to pay the Marketing Proposal which was passed and it was not paid out. As such, 5,280 PIV (24%) of the limited PIVX budget was never allocated and therefore never created.
In other words, the way the system works, the remaining funds were not assigned to the ‘wrong’ proposal. They were never created in the first place. Therefore, we can’t simply re-direct those funds to the proper proposal. They don’t exist.
Solutions
So, the Governance System made it clear that the Marketing Proposal was supposed to pass and be paid. To correct this, the following options existed:
This solution best resolves the intent of the prior treasury budget cycle.
For reimbursements to pay back loans = 5600 PIV
See original passed proposal to see all the work provided under these funds - Proposal - PIVX Branding and Creative Proposal
Summary budget of the original proposal
PIVX Branding / Creative Content: 1750 PIV/month
Project Management Support: 400 PIV/month
PIVXpress and DYK (Did You Know) PLUS!: 1750 PIV/month
PR/social media marketing management and support: 750 PIV/month
Paid Advertising and management: 350 PIV/month
PIVX ambassador: 500 PIV/month
PIVXPlaces: 0 PIV/month - personally funded for now
PIVXSports: 0 PIV/month - personally funded for now
TOTAL 5600 PIV
Vote Details:
Proposal Name: Marketing-Refund2
Vote Hash: 9f929da6e48470cb75d9a562c841831b1938ae1307c5cfa2479ab8a25f037cd8
To Vote YES or in favor:
mnbudget vote-many 9f929da6e48470cb75d9a562c841831b1938ae1307c5cfa2479ab8a25f037cd8 yes
To Vote NO or against:
mnbudget vote-many 9f929da6e48470cb75d9a562c841831b1938ae1307c5cfa2479ab8a25f037cd8 no
To check status:
mnbudget getinfo Marketing-Refund2
7
Apr '18
This proposal, submitted on behalf of the entire Marketing Team for PIVX is to refund those who donated to fund the Marketing Proposal which passed, but failed to get paid out due to a known, but rare bug in PIVX which we inherited from Dash.
In short, here is what happened last month.
The Marketing Proposal was set to pass for March-April, and there was 320 PIV left in the budget. A separate proposal was submitted at the last minute to grab that 320 PIV and put it to good use. However, during the payout at the superblock, the proposal for the 320 PIV was paid twice. This meant that there was not enough PIV remaining to pay the Marketing Proposal which was passed and it was not paid out. As such, 5,280 PIV (24%) of the limited PIVX budget was never allocated and therefore never created.
In other words, the way the system works, the remaining funds were not assigned to the ‘wrong’ proposal. They were never created in the first place. Therefore, we can’t simply re-direct those funds to the proper proposal. They don’t exist.
Solutions
So, the Governance System made it clear that the Marketing Proposal was supposed to pass and be paid. To correct this, the following options existed:
- Wind the blockchain back and make the correction in the code. Obviously, this would never be allowed. I don’t know of a single person that would vote for that - let alone reach a consensus of any sort.
- Stop marketing for a month. That would mean no videos, no creative, no posts, no ambassador, events, meetup support, no PR, etc. including many things that most people are not aware of that are done by marketing. The loss of momentum would be huge too. Marketing may change over time - but we can’t stop. That would hurt PIVX big time. As such, this is not a viable option either.
- Ask for donations to make up the 5,600 PIV that the bug caused to not be paid out.
- Ask for loans to cover the 5,600 PIV that the bug caused not to be paid out.
This solution best resolves the intent of the prior treasury budget cycle.
Budget
For reimbursements to pay back loans = 5600 PIV
See original passed proposal to see all the work provided under these funds - Proposal - PIVX Branding and Creative Proposal
Summary budget of the original proposal
PIVX Branding / Creative Content: 1750 PIV/month
Project Management Support: 400 PIV/month
PIVXpress and DYK (Did You Know) PLUS!: 1750 PIV/month
PR/social media marketing management and support: 750 PIV/month
Paid Advertising and management: 350 PIV/month
PIVX ambassador: 500 PIV/month
PIVXPlaces: 0 PIV/month - personally funded for now
PIVXSports: 0 PIV/month - personally funded for now
TOTAL 5600 PIV
Vote Details:
Proposal Name: Marketing-Refund2
Vote Hash: 9f929da6e48470cb75d9a562c841831b1938ae1307c5cfa2479ab8a25f037cd8
To Vote YES or in favor:
mnbudget vote-many 9f929da6e48470cb75d9a562c841831b1938ae1307c5cfa2479ab8a25f037cd8 yes
To Vote NO or against:
mnbudget vote-many 9f929da6e48470cb75d9a562c841831b1938ae1307c5cfa2479ab8a25f037cd8 no
To check status:
mnbudget getinfo Marketing-Refund2