Thank you @Gooddollar2020 for your proposal and for everyone else engaging.
I understand that redirecting protocol funds for any purpose beyond UBI is a difficult decision to make and one that carries a heavy weight in the community. The design decisions that I proposed were not taken lightly and were made with the intention of bringing GoodDollar closer to our vision of more sustainably funding UBI in the future.
In order to be more sustainable, G$ needs to prove real-world utility for individuals, businesses, and communities, otherwise people will not buy G$. The reality is that this real-world utility and demand does not come from the rewards for staking in the protocol alone, which in my opinion, would only further worsen the divide between large token holders in the system and everyone else (a financial inclusivity problem that GoodDollar was explicitly founded to solve). This is why we need G$ flowing to the businesses that will be using it to increase future, real demand for the token, which is the initial vision of the House of Alignment.
I understand and appreciate the concerns this structure creates around privatized profit and moral hazard, but this program is designed to be an experimental mechanism, with members held to strict reporting requirements and accountability criteria, and enforcement provided by future community voting. I believe this mitigates the risks we’re taking in order to start what I believe could be an important project in growing the economy on top of GoodDollar.
To continue the conversation, I just posted GoodDAO 2.0: GoodDollar Governance Re-Vision Update, which will hopefully bring some clarity to our evolving roadmap for GoodDAO 2.0. I really want to continue co-designing this with the community and will be hosting a community call on July 1 to discuss updates and the roadmap. Please RSVP to the call here: https://luma.com/rmydpm1w
I also welcome @Gooddollar2020 to discuss GIP-27, and @Gpalomino and @Eddie to bring your perspectives to the call so we can productively deliberate these issues further.