EOS have its first proposal by EOS Tribe to lower current minimum Block Producer payout threshold* from 100 EOS/day to 50 EOS/day on Steemit.

(*threshold — only Block Producers who receive enough votes to reward them with 100 EOS or more per day, will be rewarded. It was introduced to keep wealthy individuals away from earning interest running servers without any intention of producing blocks)

The Intent

“We have many talented teams who actively participated in Testnet effort and preparation for the EOS launch that are not compensated currently and continue to cover the costs of running their infrastructure. If EOS community is to remain an inclusive and innovative environment — we need to put right incentives in place and retain good talent in a community”

The threshold of 100/EOS per day restricts pay to Block Producers below the 80th rank. We may lose many talented teams to sock puppets BPs if rights steps to fund them are not taken.

Arguments

For

Diversity and global decentralization bring different cultures (languages), different thinking and innovation to the ecosystem. The inclusion of talented teams which are distributed globally should be incentivized and empowered to continue the operations for the greater good of the community.

With 100 EOS/day, many talented teams who are below the rank of 80 are not getting the deserving pays. Issues of non-compliance are making things worse with many sockpuppet BPs like Voldemort, strongmonkey, eos.wiki, eos.win taking the paid positions.

Talented teams of block Producers are developing tools which should have been funded by the Worker Proposal System, they may not be able to stick around long if not funded.

Against

50 EOS/day funds could bring in more sock-puppets BPs affecting indirectly the rank below 80. With many BPs trying to earn passive income just by running a cloud server and voting themselves in.

The issue isn’t the Block Producers pay but the non-compliant BPs taking the positions of deserving BPs and it should be taken care of first. Perhaps many whales not following the intended behavior.

Instead of just paying standbys one should tie up payment to some kind of performance to know if standby producers could even produce blocks and have the tech for it. Rotation monkey — fixing 20 Block Producers as active and one random BP from standbys could help the community know better.

Assumptions

The Block Producers below the rank of 100 are well known among the community members.

Key Discussions

Numbers — 5/10/50 EOS per day salary was discussed as 5 EOS/day could have helped BPs in the east with the operations where it’s a tangible amount. Many argued that 5/10 EOS isn’t a good number to run servers and carry operations in the west. The members on telegram channel reach consensus on 50 EOS/day with 91 (21 active+ 70 Standbys) Block Producers getting paid.

121 Block Producers setup which EOS has prior to launch was discussed and members concluded that 1% inflation won’t be able to fund the tail of 121 Block Producers. Taking money from WPS for paying standbys looked controversial for the network.

The idea of Community Pay was suggested by Rohan(EOS Authority) — like Block Pay, Voters pay network should have community pay where BPs should be paid on the basis of votes.

Increasing 1% inflation used to pay BPs was discussed as well to fund the standbys and active producers in case EOS value plunges.

Rotation monkey and performance-based pay structure were debated and it was deduced that such a structure may be problematic for IBC. (As per Dan’s previous comments).

Further members discussed Block.One voting effects on BP pay which could cripple the network creating a steep curve between active producers and standby producers. B1 voting may also reduce the paid standby producers numbers to ten. B1 need to put a proposal of voting for at-least 50 BPs before voting.

Do the Math!

Josh (EOS Canada) posted an illustrative analysis displaying three different BP payment structures with threshold 100EOS/day, 50EOS/day and fixed 121 Block Producers respectively.

https://docs.google.com/spreadsheets/d/1A_dxc7vrrsRoObKEArXB_Z89lyd1cYGyDpfp0FXXYa8/edit#gid=57790539

Daniel Larimer’s comment

Daniel just commented Bad idea on Steemit post without giving any reason.

https://steemit.com/eos/@dan/re-eostribe-bp-community-proposal-bpminpayment-20180804t212100640z

Become the part of the discussion

https://web.telegram.org/#/im?p=s1346507228_14004261906777794189

Lazy for the debate?

Put your thoughts in the form

Vote for the proposal

Vote using EOStoolkit.io by Generos

Vote using myEOSkit.io by EOS Asia

Summary by EOSMetal (eosmetaliobp) — Join Us on Telegram — https://t.me/@eosmetal