RE: Gridcoin Community Hangout #052

Looking forward to the Discord Hangout. I intend to make time to attend!

I suggest we, briefly, discuss Halford's response to the concerns regarding developer compensation. The main points are:

[Success] [The Dev compensation] program definitely drove new development to GRC ... approx. 50% more than we would have had in hours if we did not compensate devs.

[Increase Rationale] crypto-developers have an average yearly contractor wage much higher than general devs ... I think $60 ... should be high enough to attract quality permanent developers to GRC without constant turnover. ... One point I wanted to stress to everyone is the $60 rate increase was partially due to the assessment that these [current] developers have not been charging us for R&D, overhead, forum posts, or a massive amount of debugging ... they wont bill us for wasted time.

[Accountability] Payment Systems: I have a custom made program that is capable of generating PDFs, and more professional invoices, and sql reports, but I think the prerequisite to this is for one, requiring the devs to use it for timesheets, and two: receiving more than $5k per month in billings. I realize that $60 is a professional rate and more accountability is required, and Im not against providing that accountability if I see a certain threshhold per month exceeded ($5k).

[Payment Cap] No more than 160 hours per dev per month with a cap of 12 developers max per month. We currently receive about 30 hours per month per dev with 5 devs.