House of Guilds: a new funding mechanism for Guilds

Near Community and nodes Guilds
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5

Hi Erik, thanks for your proposal!

There are a few core questions and concerns that I’d like to explore;

  • A lot of the focus seems to be on the operations and shortcomings of Guilds, while not enough emphasis has been placed on the Foundation, in particular a key aspect - Guilds have been failing because of the Foundation ever changing standards and practices
  • Expanding on the above, I would like to have more context on the complete elimination the Community team within the Foundation and how it relates to the house of Guilds
  • There is something disturbing about having the former NEAR CEO become the new self-proclaimed “benevolent dictator” of the House of Guilds, an entity that has deliberately been designed to reduce the involvement of the Foundation
  • Last year alone, AstroDAO disbursed ~$10m. To be able to disburse similar funding the House of Guilds would need to have $100m endowment. Is it reasonable for the Foundation to disburse such mind-boggling amounts of money to a separate entity wholly controlled by the former CEO?
  • What happens when the required monthly funding is above the staking rewards? Why not distribute the whole amount given to the House of Guilds by the foundation?
  • The Foundation receives 10% staking rewards of every single new block (embedded in code). What happens to those funds after we split off the House of Guilds Treasury?
  • I also fail to understand why the reluctance to continue to pay Guilds for work they perform for the ecosystem when sitting on billions of dollars specifically designed to for community and growth initiatives. What happens to the generous endowment the House of Guilds receives after you cut off all the Guilds and strategically only handing them out the staking rewards? (I’ve expanded on this on my response to Chronear’s post)

Overall, I continue to be sceptical. We should be striving for simplicity and with each new iteration we continue to alienate more community members who are doing honest work (as community members who believe in NEAR and want to do whatever they can to succeed). Being treated as contractors and seeing the bureaucracy gets fatter is disappointing.

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