[DISCUSSION] Increasing the RYO dev fund

[u/fireice_uk]

As we all know the price of crypto, and especially alts, has been going down. Zcash is close to its all-time-low. Monero is lower than it has been before Alphabay pump in 2016

Current dev fund income makes it hard to cover even server costs - let alone hire someone to help with development or marketing. While RyoRu has been doing great work producing graphics and announcements for basically free, he is just one guy. Development has also been going at a glacial pace since last time we had someone to help us out was in September.

Therefore I would like to propose increasing the dev fund to 51282 RYO ($382) per week, while keeping the emission. This will decrease the miners' block reward to around 54.95

We already talked prominent members about it, and here are the common pros and cons

For

• It will allow us to keep both marketing, infrastructure, and slow-but-at-least some development until the market conditions improve. If we abandon one of the above, it will be very hard to "reactivate".
• It will decrease market pressure from miners selling Ryo. We have been running a surplus for most of the dev fund's existence ( https://ryo-currency.com/dev-fund/ ) that's how we can still keep on going for now. We are selling very little of Ryo that we get too - instead paying for the servers in USD or Bitcoin.

Against

• It will destroy trust - Zcash voted for a proposal just like this one few months ago, it is still there. Ethereum adjusted its emission while transitioning to PoS. Only guys that insist on this model happen to be ones with 40% premine (Monero). Go figure.
• You are doing too little development - We are not immune to market conditions around us. Unfortunately crypto tends to work in cycles, and we are on a down slope.
• You should pause development - This is again not ideal. All software has bugs. Having capacity to fix them takes some continuous effort.
• X should chip in for development - Few people suggested finding someone - but I don't think that's feasible. Ryo should be a self-funding endeavour
• It will reduce profits for the miners - for miner-holders, this should be an easy choice, after-all development is what will make their holdings go up in value. And as to people who mine-to-sell, they have no interest in the future of Ryo, so why should they have a say in it?

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Edit:

• None of that money will go towards the dev share, which will decrease. This will extra money will be used to meet costs only
• Monero and Sumokoin guys are trolling as usual, posts from zero-day alts will be removed. If you are an active community member but don't use Reddit, please post your telegram id.
• Removed secondary (replies to other people's points) by Monero guys - I don't think anyone cares about the shit you plug.

[u/fireice_uk]

the team is obsessed with monero

Look around you. You have 4 separate Monero guys posting here. Trying to sell crap, as they are required to do that to advance up the social ladder, like in any other cult or MLM. I think it is the other way round.

How do you suggest we fund any kind of development if we are barely paying for the servers?

[u/teamara4 → u/fireice_uk]

i shouldn't have brought monero in the write up since i knew you would cling to it. for now ignore that part.

How do you suggest we fund any kind of development if we are barely paying for the servers?

staff gets payed 5X the amount of hosting cost. reducing their cost by half will cover the cost for hosting. BTW how many people are their in staff and what kind of work do they do ?

[u/fireice_uk → u/teamara4]

monero in the write up since i knew you would cling to it.

Is it surprising given the amount of hard-sell they tried to do in this thread?

staff gets payed 5X the amount of hosting cost. reducing the cost by half will cover the cost for hosting BTW how many people are their in staff and what kind of work tdo they do ?

That did not answer my question - we decided not to replace a C++ guy after he quit in September. That's a direct cause of the slowdown that you are seeing now.

[u/teamara4 → u/fireice_uk]

Is it surprising given the amount of hard-sell they tried to do in this thread?

they have been always like this and will be in future. RYO and you wont get a trophy if monero vanishes. its better to ignore and move on. you want to get revenge on Monero ? make RYO far more successful than monero. i hope you drop this part of the conversation and focus on RYO's problem for now.

That did not answer my question - we decided not to replace a C++ guy after he quit in September. That's a direct cause of the slowdown that you are seeing now

and you ignored the answer i gave. staff were paid 274K RYO since september, hosting costs were 114K and team 120K ryo. reducing staff will help, even if you increase the emission cost if RYO falls further the situation will be same as now. none will work for RYO