BUIP137: (passed) Funded Development, aka Devpool3

solex

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BUIP137: Funded Development, aka Devpool3
Submitted by solex
9 November 2019


Motivation

The same motivation still exists as we saw with Devpool and Devpool2. The practice of funding development authorised on a per project basis through directed BUIPs removes a lot of flexibility for general maintenance, housekeeping, refactoring, QA, none of which is functionally significant warranting a BUIP. Further, some BUIPs are passed authorising changes but do not have directed funding included.

Objectives

The objective of this proposal is to enable further funding of project development, short-name "Devpool3", at the discretion of the Bitcoin Unlimited lead Developer.

Project Duration

The funds authorised on this BUIP are for a maximum of one year. Any unspent funds revert to the consolidated fund, and a subsequent BUIP will need to be approved to continue funded development for a further year.

Project Team

Developers who wish to offer their services for project work are invited to PM the BU Developer directly on this forum or make contact via GitHub. Developers being paid are contractors who are responsible for their own accounting and tax reporting. Payment will be offered in either BCH or BTC, but not in fiat currency.

Summary of Approved Projects

1. Passed BUIPs automatically qualify.
2. General maintenance, housekeeping, refactoring, QA and other discretionary work also qualify.

Description of Activities

The BU Developer has oversight of the projects, and work parcels, he allocates or executes work within project descriptions which he drafts and posts to this forum for general information.

Anticipated Challenges and Uncertainties

Standard development issues only.

Budget

The budget for the development pool #3 is $60,000.
This is equivalent to a projected average of $80 per hour for 750 hours. It is expected that one or more funded projects will be active, depending upon circumstances.

The BU President and Secretary will co-authorise drawdown of these funds at the recommendation of the BU Developer when contracted developer invoices are presented for work completed.
All projects to be individually named and separated in the annual accounts.

Impact

Bitcoin Unlimited's software has long been recognized as pushing the boundaries of on-chain scaling. The overall quality of BU development is expected to be improved by this initiative, also resulting in an accelerated rate of improvement, especially as the next bull market is likely to see an influx of users who are frustrated by the lack of BTC scalability.
 

theZerg

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Last year, the speed and flexibility of Devpool2 was important in critical ways. First, it allowed us to bridge some BU developers who lost funding. Second, it has allowed us to react quickly to keep developers within the BCH ecosystem that BU was relying on (notably Dagur and his work integrating the ElectrsCash electrum server) during the larger crypto winter.
 
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AdrianX

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@Peter R & @solex, although it's never been specified in a BUIP. I've mentioned in the past, and I want to make it clear I think there is enough justification to be paying Bitcoin-related bills in BTC while saving the BCH and BSV.

If the receivers of payments insist on another currency the cost, time, accounting and reporting responsibilities should be deducted from the amount in the BTC. typically that should be the responsibility of the receiving party.
 
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solex

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@AdrianX
Yes, I recall your point about this and it is noted. The majority of payments are made in BTC. Some are, however, still in BCH at the specific request of payees. No one has yet requested a payment in BSV, but, if so, we would reimburse in equivalent BTC in that situation.
 
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AdrianX

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Just commenting as it seems BSV and BCH will be more valued in the future, and BTC can be exchanged for value today.