So I have raised my concerns and questions and none was answered.
So obviously I need to say no.
Who decided on the first initial current NCF members ? No one raised issue from NEM foundation that the members are being overwhelmed and only a couple is active?
Why are we not selecting new NCF members with voting rights ?
Only start giving remuneration after certain conditions.
1 being, that the NCF members needs to be active, one can add measures in place for this.
2 being, confirm collaboration and feedback on at least 2 proposals, start to remunerated the NCF members based on that. To properly evaluate a proposal one needs to put in good quality time, so no one can do this constantly for a long period of time as hours can be spend somewhere else that pays you well.
Proposals needs to be managed and packaged in a presentable way to NCF members. Get some professional to do this. They can screen the proposal to ensure mandatory info is there, they can recompile the info for NCF members to revise the proposals.
Those same professional can then manage to compile info collected that indicate how the proposals is doing on a regular based. They can manage the backlog as well, prioritize serious ones from not so serious ones.
If the professional present poor quality of works, then community kicks them out and we select new ones.
We have a massive community, has anyone asked who is willing to do this. I am sure that we can easily get about 5-20 people willing to give up some time to start putting this all in place and we could vet their credentials. When most of the governance and process is in place, they can show to community what they have done and then the community can decide if the POC is a good idea and then select these individuals to manage the process.
We do not need all the legal stuff to happens. Adding too many legal avenue only creates a back door for bureaucracy, which will lead to legal battles, which could freeze this fund indefinitely until legal battles are done.
1 Who can give power to the NCF members, and who decided who is going to be NCFm’. If we can identify and speed/improve this up, then we will always have NCFm’ to vote.
2 If we have a group to prepare the proposals as suggested above and manage the information feedback to community, then the NCFm’ time would be freed up a lot.
Just for example. I am quite busy, but from time to time I could review proposals if there was structure to it and if I knew about it.
I have about 9 years banking experience, 2 years financial planning experience and 5 years IT experience. I have some better idea than the average joe about financing, investing, process management, governance, business processes etc and I want to make myself available where I can, but there is no easy place to indicate this to NEM and the community, it seems that only founding members or selected individuals at the start have say and play in the governance of NEM etc.
Lets open forums to ask who wants to be NCF members. Let see their credentials and ask to why and who want to manage the proposal process, let see if there is any interest.
To Nem Ventures, I still do not understand that you had the time and opportunity to highlight the process/governance that you would take on a proposal and did not do so as of yet.
Why have you not taken just one proposal that is in the backlog, indicated to us how you would approach this proposal. Your evaluation process, your governance process, your recommendation and how you would manage the proposal going forward if successful.
If you did this, it would have indicated you’re true urgency in this matter and if your above steps were presented in a professional business manner with logical and rational in dept thinking , then surely you would have easily won over most of us asking the hard questions.