With Steemit being an immutable place for storing information, PIVX has decided to upload vital documents to the steemit blockchain for future reference, first was the original draft of the manifesto, today we are adding the wording for CDG (community designed governance).
3 categories for CDG are as follows:
Manifesto Governance
This will very rarely – almost never – happen, and will require a high amount of participation (Metric not yet defined) by Master Node Owners (MNOs) during the voting process. Key is to make sure that even MNOs that typically don’t involve themselves with voting for proposals, are made aware a Manifesto Proposal has been submitted, and that they have been well informed of the issue(s) involved in a factual and unbiased way.
Treasury Governance:
These proposals are the most common and are for allocating funds in the monthly treasury budget. These funds can be used for anything related to support PIVX. It may be overhead costs for servers, or Google Apps etc., or it may be for advertising, or to help launch a business that could not be justified otherwise.
Protocol Governance:
These proposals are zero cost and are to make decisions to change the code base (the protocol) of, or the priorities of changes to, the PIVX system. If such a decision requires funding, then that funding portion would be a separate Treasury Governance proposal submitted after the Protocol Governance proposal has been accepted. What is unique about Protocol Governance is that the Core Developers can veto such proposals if they are technically impossible, or logistics dictate an order of implementation different that that voted on in the proposal.
please remember that the OFFICIAL PIVX Steemit account is looking for experienced Steemians to help manage our account,
register you interest here:
Find out more about PIVX at our website here
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ALL PIVX community members, feel free to RESTEEM this article, Lets keep spreading the word of this amazing community focused privacy centric global true crypto currency. NO ICO NEEDED!
All comments within first 30 minutes get upvoted ;)
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Have heard the first time of PIVX a few days ago. Very interesting coin.
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