From a6090ffff5cfd5d6a82493d4c7f4a17b99602ca5 Mon Sep 17 00:00:00 2001 From: HarryMacfinned <34919942+HarryMacfinned@users.noreply.github.com> Date: Wed, 6 Jun 2018 17:23:32 +0000 Subject: [PATCH] Update phase-zero.adoc 2 little typos proposed corrections --- dao/phase-zero.adoc | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/dao/phase-zero.adoc b/dao/phase-zero.adoc index 0c46dcf..e5339fb 100644 --- a/dao/phase-zero.adoc +++ b/dao/phase-zero.adoc @@ -286,7 +286,7 @@ _Status:_ *pending.* See https://github.com/bisq-network/dao/issues/11 for detai === Define bonded contributor roles -We enumerate and define the roles necessary to operate, maintain and administrate the Bisq project, Bisq network and Bisq DAO, such that responsibilities can be transferred from founders to other reputable contributors. Because each of these of these roles require a degree of trust, filling the role requires putting up a BSQ bond. Initially, founders will use their BSQ stake to bond into these roles, and will then transfer those roles to contributors who (a) wish to take the role over and (b) have earned sufficient BSQ to do so. +We enumerate and define the roles necessary to operate, maintain and administrate the Bisq project, Bisq network and Bisq DAO, such that responsibilities can be transferred from founders to other reputable contributors. Because each of these roles requires a degree of trust, filling the role requires putting up a BSQ bond. Initially, founders will use their BSQ stake to bond into these roles, and will then transfer those roles to contributors who (a) wish to take the role over and (b) have earned sufficient BSQ to do so. _Status:_ *in progress.* Each role has been enumerated in the form of a GitHub issue in the <>, and we continue to add to and modify these roles as appropriate. Bonding is not yet in place for any role. @@ -425,7 +425,7 @@ See <>. == Bonded contributor roles [[bonded-contributor-roles]] -A _bonded contributor_ is a stakeholder who has put up a bond in BSQ in order to assume a _high-trust_ role within the DAO. High-trust roles are those that require privileged access such a password or private key to perform, and more generally include any duties that can cause harm to the Bisq network or project if carried out incorrectly. As protection against malfeasance and gross negligence, BSQ bonds may be confiscated (burned) in part or in whole through stakeholder voting. In compensation for making their BSQ illiquid and incurring confiscation risk, bonded contributors earn interest in BSQ on their bonds; in compensation for carrying out the specific duties of their role, bonded contributors earn BSQ via the same compensation request process that applies to all other (non-bonded) contributors. +A _bonded contributor_ is a stakeholder who has put up a bond in BSQ in order to assume a _high-trust_ role within the DAO. High-trust roles are those that require privileged access such as a password or private key to perform, and more generally include any duties that can cause harm to the Bisq network or project if carried out incorrectly. As protection against malfeasance and gross negligence, BSQ bonds may be confiscated (burned) in part or in whole through stakeholder voting. In compensation for making their BSQ illiquid and incurring confiscation risk, bonded contributors earn interest in BSQ on their bonds; in compensation for carrying out the specific duties of their role, bonded contributors earn BSQ via the same compensation request process that applies to all other (non-bonded) contributors. While there are many specific bonded contributor roles, most fall into one of the categories below.