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Rejected
#289 Funding: Decent Partners full stack on/off chain collective
Description
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On Chain Info
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Date: 16 October 2023
Invoice to: Kusama common good fund
Summary: Decent Partners full stack collective
Type: Applied
Structure: Retroactive
Approval: Simple Majority
Detail: https://rfc.decent.partners/t/retroactive-funding-decent-partners-on-off-chain-collective/40
Cost: £103,000
Total inc VAT @ 20%: £123,600
10% volatility margin - any excess will be returned : £12,360.00
Total GBP: £135,960.00
Total USD: $161,000.00
Price: $17.387 2023-10-15 12:55:42 (+UTC), Block #20121771
Total KSM: 9,495
Organisation: Decent Partners
Structure: Hybrid
UK LTD company #10153409
VAT number: 931912824
Project Partner(s) - Richard Welsh
Onchain: jXC7ghviUzVcVySg3eD8prB7C9m6VzK6cw2MTyMTDTUye5q
Offchain: https://www.linkedin.com/in/rfwelsh/
Conflicts of interest: none
Use of funds:
- Working capital
- Recoupable loans
- Decision deposits
- Voting Voting policy: Aye - directions Nay - domains Abstain - real or perceived conflict of interest Donations: FvrbaMus8iASyrQYkajQWDxsYvG5gb72PFPuvy8TvkFFVGn Patronage: patronage.shokunin.network/creators/FvrbaMus8iASyrQYkajQWDxsYvG5gb72PFPuvy8TvkFFVGn/?network=KUSAMA Contact: @lightbulbwelsh:decent.modular.im Website: https://decent.partners
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Users are saying...
Based on all comments and repliesOverall 28 % of users are feeling neutral. A user demands £10,000 for participating in discussions on the Polkadot forum, linking a breakdown of costs and admitting it on their website. Another user points out an error regarding VAT numbers between Decent Partners and Lemonade Money Ltd, which is currently in liquidation. The latter company was founded by James Payne over a decade ago and produced content for various platforms before being put into liquidation due to the Covid bank loan repayments....
Overall 71 % of users are feeling against it. The Treasury Proposal was voted against due to concerns about its value and potential negative impact on the Kusama community. Critics argue that it could be a form of bribery and are not convinced by the proposal's lack of clarity or explanation of benefits for the community.
AI-generated from comments
14Comments
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DYMQ...xw2p
I noticed the proposal listed the UK LTD Company as #10153409 (DECENT PARTNERS LIMITED - https://find-and-update.company-information.service.gov.uk/company/10153409) but the VAT number brings up Lemonade Money Ltd which status is listed as 'liquidation'. http://www.vat-lookup.co.uk/verify/vat_check.php/VATNumber/GB931912824/CompanyName/LEMONADE+MONEY+LTD - mistake or am I looking at this wrong?
Decent Partners
@DYMQ4sqbz3BZ9D3NqmYzauno5QPfwqEJ2ZD7CK4PkNYxw2p
Hey - that's indeed a mistake.
Decent Partners VAT number is 306867875.
I (rich) was the managing director of Lemonade Money Ltd, which is indeed in liquidation.
For background, that was a very successful UK based production company that one of my current partners James Payne founded over a decade ago and who I'd tried to hire many times to work at Bigballs/Copa90.
Lemonade Money produced documentaries, music videos and events for the BBC, Channel 4, Red Bull, Apple Music and Nike.
See Four To The Floor, Channel 4
Then Covid happened and all production was stopped for months.
Like many companies in our position we had some government support via loans.
We cut costs to a bare minimum and James ended up having to take a job at the BBC.
In the end the company just wasn't viable given repayments on the Covid bank loan which was the only creditor, so we put it into liquidation.
Decent Partners acquired the remaining assets from the liquidators, including the IP to Four To The Floor.
James has now left the BBC and now works with me on Decent Partners.
Happy to answer any more questions.
H9v1...truF
LOL. This some kind of joke?
ValidOrange
I can't quite make sense of what is being proposed here or what you are asking to be compensated for. Is this an invoice or a proposal? I don't think you've done a good job of explaining what is the value you've created for the community or why we should vote to give you $161,000.
I also am quite put off by what reads like an attempt to buy votes with a promise of NFTs given to voters "after proposal approved". I am relatively new to the community so maybe I am misunderstanding something but it seems like bribery to me.
H9v1...truF
He demands money for having participated in discussions on the polkadot forum. For instance he links this on his breakdown of costs: https://forum.polkadot.network/t/the-state-of-dotsama/676/16 According to him he is owed 10'000 British pounds for the post.
He even admits it on his linked website (https://rfc.decent.partners/t/retroactive-funding-decent-partners-on-off-chain-collective/40) where he writes: “What a joke - £10,000 for Polkadot forum stuff that you’re suspended from?!”
SUPERDUPONT
Grifting proposal, so fully against.
BILL
I do not see the benefit of this Treasury Proposal and have voted Nay.
J9nE...dwcv
big nay.
J9nE...dwcv
Nothing here to fund, grifters dont add anything good to the network...
Shawn Tabrizi
(Edited)
I have voted NAY on this proposal.
As others have noted, Rich is a known grifter in the community, and has a history of doing so.
I have heard stories of his similar antics in the Edgeware community, before he moved on to targeting the Kusama community.
While I do not claim that everything that comes from Rich is nonsense, I am absolutely confident that funding him and Decent Partners will not result in any notable value for the Polkadot and Kusama community.
From my perspective, he is a loud voice who is able to rant ad nauseam about philosophy and economics, but is not actually a valuable source of technical or social insight.
Let's hope his time griefing our community is short... but if not, let's make sure it is not profitable.
Mister_Cole KSM
I also oppose this proposal as I am not convinced that it would benefit Kusama.
bLd Nodes | 😎ChadStakeKing
This is always so much fun to have a Rich's proposal, but this one seems lacking the hundred of pages of legendary text you used us to. This is why I'm voting Nay, to keep encouraging entertainment at top level.
Don't see the value. Nay.
The Anti-grifter movement is fully against this proposal.
Following great leaders like Shawn Tabrizi, we'll oppose "rich" in on-chain votes and seek a blockchain-wide ban in Polkadot and Kusama. Grifters like "rich" spread negativity, troll, and need higher standards for reentry.
Implementing Tabrizi's suggestions: sybil resistance (limiting messages and posts) and banning identified grifters with a 2-year locked reward proposal.
Quote Shawn Tabrizi on sybil resistance:
Here are some potential solutions to problems in these open channels which are unbiased toward anyone.
Ultimately we need sybil resistence.
Here in chat, perhaps we should limit one message per minute per user. Doesn't lead to the absolute best chat experience, but will certainly reduce volume of noise, and spam, and ideas which are half baked.
Perhaps this is only needed to be enabled at certain times by mods, or on certain channels indefinitely.
For the forum, we could have a similar rule which is one post per hour.
Obviously i understand the downsides of these kinds of rules, but overall I think this is in the direction of what I think we need to get out of the status quo
On 2-year locked reward proposal:
so he should make a proposal for a 2 year locked reward, with notable and verifiable outcomes:
- over the next 2 years, he will continue to do research, and make quality posts about Pokadot and Kusama, lets say once per month/week.
- the quality of each post can be done with some kind of off-chain token voting system, giving him signal as to what the community is enjoying and not enjoying about his writing
- then at the end of the 2 years, if the majority of on-chain signaling is positive, the lock is opened by a final token vote, and transferred to rich
- i would also love if it included more than just writing, but some actual change to something as a result of what he wrote, whether he executes on it or not
Per Shawn Tabrizi, most community issues are caused by grifters. We must get rid of them before moving on. Urgent, drastic action needed to address this pressing problem. Please join us!
We are in a tough period. We trust leaders like Shawn Tabrizi's judgment on "rich." Harmful known grifters must be stopped!
DakP...tZbN
[Deleted]
EiJt...9b6D
This reminds me so much of https://en.wikipedia.org/wiki/I_Am_Rich
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This RFP was adapted over several weeks on AAG to turn a treasury proposal in discussion to an RFP with refined scope and oversight.
To apply for the prize pls fill out this form.
Prize Pool: $43,000
Finder’s Fee: $2,000 **
Supervisors: $5,000
Supervisors (Bounty Curators)
- Flipchan
- Byte (Erin)
- James Slusser
Excess or unused funds will be returned to the treasury by Bounty Curators.
Timeline
Monday, March 17 - AAG Discussion & this forum post! ✅
Monday, March 24 - Single-ref Bounty + Curators ✅
4 Weeks after Bounty Funding - Submission Deadline Thursday
July 31 - Project Completion (Pending Kusama Hub Launch)
Project Scope
Smart Contract Development
- A Solidity-based smart contract deployed on Kusama Hub
- ZK enabled for private deposits & withdrawals
- Compatibility with all Kusama Hub assets
User Interface
- Browser-based, mobile-ready UI hosted on IPFS
- Support for: Deposits, Withdrawals, Transfers, XCM Transfers
- Compatible with popular ecosystem wallets (Nova Wallet, Talisman, Subwallet)
Anti-correlation Attack Mitigations:
- Fixed deposit amounts (e.g. 1, 10, 100, 1000 units)
- Batch payouts for withdrawals to multiple users
Interoperability - Ability to receive assets via XCM from any Kusama-connected parachain and transfer them to Kusama Hub for use in shielded pool.
Open-Source Delivery
- All code (smart contracts and UI) published under the MIT license
- Publicly accessible repositories Project updates shared transparently via Polkassembly, Subsquare, or Polkadot Forum from Team with Milestone deliveries
- Developer & User documentation
Milestones
Milestone 1, Initial Pools & Basic UI:
$16,200 USD
1 month
- Tests - Smart contract test
- Smart contract - ZK shielded smart contract with KSM and multi asset support on Westend or Paseo
- Basic UI - A basic UI for interacting with the smart contract
Milestone 2, UI + XCM:
$9,900
1 month
- Tests - tests for all features
- User interface design - UI design
- XCM transfers - XCM transfer assets in UI
- Fixed amount transfer only - Allow fixed amount transfers in the UI
Milestone 3, Mainnet Deployment:
$16,900
1 - 1.5 months
- Contract Migration to Kusama Assethub - Migrate contract from Testnet to Kusama Hub
- Public documentation - Documentation for using Kusama shield and developer integration documentation
- Test - tests for contract
- V1 UI - User tested & something we can be proud of
** re: Finder’s Fee: this payment is set aside to incentivize a broad search for the right implementor. Finder’s Fees are paid out at time of team engagement. Teams that submit themselves can collect their own Finder’s Fee at completion of project.
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