RE: Steem Proposal System will be completed on Monday

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RE: Steem Proposal System will be completed on Monday

glenalbrethsen in #blocktrades • 6 years ago

Thanks for your reply.

Okay. I'm afraid I don't know what a return item is, though from what I get from you is, it's what sets the approval line, which means the approval line might be different for each worker proposal? Some things might require more voter weight than others? That would make sense if that's true.

re: not clear

I suppose until it's implemented there's still quite a few unknowns because human behavior needs to take hold first. :) Okay, so as far as notifications go, or getting the word out there, there may or may not be dApps on the platform to incorporate something like that, or some other service spring up. Barring that, people who are interested should be checking the website.

6 years ago in #blocktrades by glenalbrethsen

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blocktrades 6 years ago

What smooth said was correct, but just to clarify: by default, there's a certain amount budgeted per day to be spent from the treasury fund. To spend less, you vote up a proposal that just sends part of that day's budget back to the fund. Informally, we call these "refund" workers.

So the voting level of the refund worker sets the threshold needed to for a proposal to get paid: you need to have more votes than a refund worker proposal that would otherwise eat up all the daily budget.

This means there is no fixed percentage of votes your proposal needs to get funded, it just needs to get more votes than competing proposals (including refund workers).

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glenalbrethsen 6 years ago

Hey, @blocktrades.

re: most votes

Okay. Got it. Budget is a certain amount. Until those funds are gone, the proposals with the most upvotes get funded. :)

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smooth 6 years ago

Yes, that's right.

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smooth 6 years ago (edited)

There is one approval line for all proposals. If they are above the line they get funded, below the line they don't. "Return" is a voter-defined approval line. So, in effect, if a proposal gets more votes than "return" it is approved and if it gets fewer votes than "return" it is not approved. The line can change so if stakeholders think non-worthy proposals are making the cut they can vote for "return" raising the threshold.

EDIT: I guess from what blocktrades wrote it is possible to have more than one "return" proposal (each returning only a portion of the budget) so I guess it is possible have what amounts to different vote thresholds for different portions of the budget.

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blocktrades 6 years ago

Yes, that's what I meant.

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