On Jan 5, my funding from the previous campaign will expire.
This is a request for a 3 month extension
(Jan - Mar 2020) in order for me to continue to be able to support Grin with the type of contributions I’ve been doing in 2019.
As part of this request, I’m proposing:
To change the rate paid from USD 2,500/month to GBP 2,500/month. This means that in USD terms, the new rate would (as of Dec 23 2019) be $3,231.80 according to Google which amounts to a raise. See the FAQ below for more details.
I’m adding this request to the agenda for the Jan 14 Governance meeting.
The original motivation still holds true today:
Beyond work on the main grin (node/wallet/miner) repositories, work on the admin side of the project has evolved over the past year. The /grin-pm repo is now a place where we track general project management issues, meeting notes, event presentations, financial data, and more.
I think this work adds value and is important for the project’s health, for it’s good governance, and for progress to be made faster.
Grin would get reliable and consistent support for the non-development related tasks, that would help achieve its potential quicker.
Evaluation of previous period
My own assessment
- I believe the weekly progress update thread covers my detailed contributions well.
Some of the past 12 week period’s efforts worth calling out in particular:
- Worked to secure $20k in fundraising from two donors
- (Minimal) Website design
- On the ground work & speaker relations
- Video & Slide publications
- Grin 3.0.0 communications & planning process.
- Grin Roadmap 2020 initiative
- PR work as part of the response to the “Breaking MW” article
- Work on /grin-pm, including transparency report
- Donor liaising
What went well?
- All the scope as outlined in the funding request was carried out as intended.
- There’s been consistency in quality and delivery, with no missed deliveries (although note that I am taking a break from the newsletter over the coming holiday period as it will be low activity in any case).
- Grincon1 turned out to be a nice event. I’m happy for the support I was able to offer personally.
- The planning feels as though it’s been greatly improved ahead of 3.0.0, and I will be thinking about how we can make it even better moving forward.
- I think I’ve become better at managing my personal grin/life balance. I’m more focused in the time I spend on the project, and “disconnect” more frequently. Aside from the full on madness days that ensued after the “Breaking Mimblewimble’s privacy model” article, it’s felt more like the part-time effort it should be.
What could have been improved?
- Prioritization of tasks.
- I think grincon would have benefitted from even better planning and more lead up notice. It ended up feeling a bit rushed.
- While I think we provided a decent response in the few hours of turnaround time we had to produce the reply to the “Breaking MW privacy Model” article, I feel we could have done an even better job here, and in the PR interactions that followed with journalists.
- I’m worried about the degree of centralisation in the project. We’re not seeing many contributions from a wider group of community participants. I don’t have a good response to what’s needed here, but it’s something I think about.
- I’m still too slow at turning around meeting notes.
What have I learned?
- Keep the long term view.
- Things will go wrong, there will be chaos and panic. Let cool heads prevail when the shit hits the fan.
- Never provide a written quote to a journalist that can be taken out of context and completely misconstrued.
- There will always be more work. Continue to work on time management and focus on the contributions that will have the most impact.
Feel free to raise feedback and/or suggestions in the thread below, or in private, my DMs are open.
Specific tasks in-scope
Same as last:
- Meeting related admin
- Financials / book keeping
- Keep grin-pm/financials/ up do date.
- Publish quarterly transparency reports
- News reporting
- Media relations
- Focal point for media enquiries
- Weekly status report to keep track of progress.
- Manage /grin-rfcs and /grin-security repos and the related processes.
- Focal point for corporate donors and ecosystem requests.
- GBP £2,500/month
- 3 months, Q1 2020, jan-mar.
- Ring-fenced around admin tasks
The intention is to raise this as a discussion point in the next Governance meeting and ask for the request to be approved.
Why are you changing from USD to GBP?
As I primarily live and spend in London (United Kingdom), GBP is my main spending currency. By being paid in USD, I’m exposing myself to exchange rate fluctuations. This is the same (but on a much smaller level) as being paid in BTC: As the exchange rate moves, you end up being paid different amounts when you convert it back to your home currency. By being paid in GBP equivalent directly, this disappears. I also just now discovered that this is apparently in line with the project policy, so should have been done for the previous two campaigns: https://grin.mw/funding.html#developer-funding-campaigns
Why are you keeping the rate at 2,500 and not converting 2500 USD to GBP, which would be something more like GBP 1,932.64 according to Google?
In my last funding request, I proposed 1/4th of a yeastunit, i.e. 10,000/4 = 2,500. I’d like to keep that measure as I think it makes sense. The yeastunit is not necessarily denominated in USD, yeastplume for example is paid in EUR equivalent.
At today’s rates, this equates to ($3,231.80-2500)/2500= 0.29272 = 29.3% more in USD measures. Why are you not asking for a 29.3% raise instead?
The whole point of this is that I shouldn’t be paid in USD in the first place, as a gallon of milk for me is priced in GBP. A change in the USD exchange rate does not affect my day to day expenses, and I think £2,500 makes sense whilst being based in London, United Kingdom.
Will you always ask in GBP from now on?
No, not necessarily. If I move country, I would change to a different home currency.
Will you always ask for the same amount from now on?
No, not necessarily. At the moment, this is the amount I feel comfortable asking for, based on the work I’m doing for the project. This could change in either directions.
What happens if the price of Bitcoin changes?
Nothing. The price of Bitcoin is completely orthogonal to this funding request.
I don’t think this is right, I think you should receive some different amount. What should I do?
You can DM me with suggestions, or you can write here in the forum or on keybase. Or, you can attend the governance meeting when this will be discussed and make your own proposal.
Dec 22: First version Dec 23 #1: * Added changelog section * Changed 12 weeks into 3 months * Clarified that the GBP x-rate switch will lead to a pay bump Dec 23 #2: * Clarifying the tl;dr section * Adding FAQ section based on the questions and feedback received