Report of funding

Governance
1

In tg group Leedan was ask where money was spend from btc wallet, can we show some report for this pls?
Coz trust less trust is a key as I’m think

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2

I agree it’d be good to have some reporting. The development pretty much continues as it has in the past hence why the BTC wallet movements. @Yeastplume can write a bit more on that.

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3

as long as development continues I am not concerned, and development has not stopped; furthermore, the OC has expressed the intention to support the CC when necessary.

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4

Would be nice to see a bullet point overview.
Github shows a lot of great work is being done but I can imagine not everyone has the time to browse all the commits to see what is going on in grinland.

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5

Both councils should do a far better job at accounting. It is the most basic form of accountability and it couldn’t be simpler yet they are failing to do so. Create a text document on github or whatever, when you make a transaction add a line with a note about what the transaction is. Don’t overcomplicate it so that it doesn’t get done.

Sloppy accounting looks worse in hindsight than it does in the moment. The OC’s wallet is almost completely decipherable because it’s mostly just payments to yeastplume but CC risks losing track of stuff completely.

6

Funding is great idea, didn’t know @Yeastplume is paid person.
I am working full-time on Mobile/Web native Grin application on pure Rust, it’s R&D project, so I don’t need funding at least for now cause I have some bag to sell and pay for rent and food till September. I have only GRIN, so this is my motivation to focus on GRIN only.
I will share code when it will be more usable to attract others (it should include working wallet + node + miner), I prefer to play solo for now. Peverell spirit is with us. Cheers.
image

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7

You are parroting over and over same thing. The case is OC funds update since 2021, you find an angle again to attack GRINCC and my work…
There is every detail on GRINCC finance hub. IF you want one single explanation, go and click block explorer.

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8

As I’m see in Tg group most questions about latest tx with no explanation.
As for me simplest way just talk about: what it was and for which goals.
Just coz from my side(side note I’m not blame anyone)
It’s not clear by this links about all tx especially latest.

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9

I looked through the links you cited, and also wasn’t able to come up with an answer to Danila’s reasonable question. Can you elaborate?

Also, why are the spending reports only on your fork of the repo, and not merged to the official grincc repo? I never would’ve thought to check your personal fork…

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10

@Cobragrin I’m glad if my complaints about CC are out of date. Last I had seen for a long time was you were doing the work, but pull requests were going unanswered.

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11

Some members didnt yet review the pull request.

FDF

:point_up_2:

GRINCC FUND Situation

  • GRINCC reports are up to date, funding requests are made public and decisions were publicly made. You can rewind back and see in reports, decision logs and meeting reports.

  • GRINCC is full clear when paid, to whom paid, for what job and all spendings matches to 1:1 to last GRINCC FUND Bitcoin balance.

  • GRINCC Funds are multisig and they double check and sign separetly before payment.

  • Any GRINCC BTC payments, if you wonder any question,cant figure out, can DM or ask here. There is no doubt, it is all public and transparent, booked.

      The topic is Report  of funding or  Development Progress Report or overview.

That is for ex asked @scilio about ‘’ Coinswap implementation progress ‘’

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12

We need four approvals to merge the reports by @Cobragrin The Grin CC has been a bit slow, we still need two more approvals to merge the last financial report. @davidtavarez will review this weekend. Maybe @Mokhtar @Neo can give the last approval needed so we can merge the request.

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13

Thanks for the effort you put into that reporting. Great stuff.

Why is it taking 6+ months for grincc to merge an accounting PR?! I know that is not your fault @Cobragrin, but who is supposed to be maintaining that repo?!

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14

:point_up_2:

Thanx. I think this week it will be merged.

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15

In agreement with this. In our case the accounting has been so simple that we’ve put off updating the spending reports (we haven’t had a dedicated PM for a while :D), but I’m going to bring them all up to date over the next week and keep them updated as we go from now on, even if they are simple.

I’ll also start doing more regular posts about the actual work I’ve done, what I’m doing now and my future plans. I’ve been quietly busy for the most part on various things, but perhaps a bit too quiet, will address that going forward.

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16

Thx in above coz when ppl doesn’t see something straight conspiracy theory start growing around

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17

The payment-tracking of the CC merged but there are 3 reports that are still missing: Transparency reports, Financial logs and Grin wallet transactions: GitHub - grincc/finance: Repository dedicated for financial transparency of the Grin Community Fund

It’s copy paste from Leedan msg, sorry he has physical issues which not allow him to post that himself(probably Vietnamese flashbacks)

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@Danila
All grin transactions are there till December 2022:

BTC wallet overview is indeed missing last two quearters, but here you see the spendings, which you can match to the transactions since only one address is used:
## *funding payment summary.md*

Looking at all the financial logs, I can’t help but think that we can simplify. For one by going from quarterly to yearly reports.
I think we only need:

  1. A yearly reports of all spending
  2. Overview of the Grin_CC wallet and BTC_CC wallet
  3. Overview of pending payments, finished payments which will be used to make the yearly report

Just my 2Grin

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19

Well maybe reports one time per 3 months?

20

That is what we currently do, reports every quarter. Last quarter I do not think any payments were made. When only 10-20 payments requests are made in a whole year it does not make sense to me to do quarterly reporting. Otherwise we/ground-keepers are doing administration for the sake of doing administration. I am in favor of keeping things as simple and minimal as possible both in spending as well as in reporting.

1 Like