Nobody wants to vote because you have to trust that the work gets done WHILE they're being paid.
I'm asking whether it's on the cards to possibly switch the system to only paying out once the work has been completed.
What's happening now isn't working.
Posted Using LeoFinance Beta
Ironically it may not be up to the witnesses after all.
The easiest way to fix this stuff is to prototype it on a permissionless system.
I believe the problem will be solved with some other random token built here.
Hopefully it's my token, amirite?
The whole point of funding proposals is that who ever is working on them does not have the resources to complete them. If they had the resources why would they ask for funding in the first place? Imagine someone putting time and effort on a project only to find that the stakeholders do not approve the proposal.
The way the system is setup right now people get partial payments and if they do not show any progress we can remove our votes or vote on the return proposal. With the current setup there is always the risk that someone will not do the work and get paid anyway but at least we can stop the payments when that happens (not to mention the hit on the reputation that someone would take for that).
We already have an example of a former witness who lost funding for his project along with his spot as a consensus witness.
How exactly would you improve the system? I am not talking about code but the mechanics of it.