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bitshares
Update bsip-0086.md clarity, destination of funds to committee
BSIP0086 proposing funding the committee vesting account; not network through the reserve pool.
QUOTE:
The cut of market fees can go to committee-account's vesting balances.
Throughout the document however there are several mentions of the network, which implies reserve pool. Updated document to clarify by ensuring all mention of network was changed to committee.
EXAMPLE:
this BSIP seeks for a mechanism to increase the network's income
SHOULD BE:
this BSIP seeks for a mechanism to increase the committee's income
I also suggest updating the variable
market_fee_network_percent
to
market_fee_committee_percent
There is substantive difference between funding the network through reserve pool and funding the committee through committee account vesting balances.
There was only one mention of where the funds went and that was "committee account vesting balances". All other mentions were of "network income".
This PR and the final resting place of BSIP86 funds might be a miscommunication error and should be discussed with voters before this implementation detail is finalized.
I don't think it's good to change the wording from "to the network" to "to the committee". The final goal is for the network anyway, it's the spirit of the BSIP. Changing it to "for the committee" will make it a much worse taste. Due to technical difficulties we decided that it's best the committee handles the funds for the network, but it's implementation details, the funds are definitely not owned by the committee.
I suggest to pause this BSIP until resolve the legal risk.
This BSIP86 has legal risk, i suggest everyone need to consider it very carefully and seek a legal consultancy.
When BSIP86 charges the market fees from the GATEWAY.assets, the BTS system will have joint liability and must be responsible for these GATEWAY.assets, but these GATEWAY.assets were without supervision and control by the BTS system.
Gateway just likes the DApp of BTS, BTS just provides the service and takes the transaction fee of blockchain，DApp do what is not the business of BTS, but when BTS charges the market fees of GATEWAY.assets, the nature of things will become different.
