Cancelling DED Tech Proposal, and Deferring to DED Bounty Fund

After discussing with the other members of the DOTisDED team, who initially provided feedback and supported this referendum, have later pivoted referendum funding strategy based on community sentiment from a proposal by proposal approach to a DED Bounty Fund.

The community feedback has lead to Referendum #556.

I agree DED cannot truly succeed with just this technical budget and tentative future contributor proposals that are not well received. Therefore i will cancel this referendum and allow for the DED Bounty Fund #556 to play out.

A DED bounty fund will give DED the best chances of success, while retaining the core value of 100% fair distribution.

$10m fund to aim for >$1bn value asset, is rational and reasonable odds. Dreaming of a zillion dollar token on bootstrap budget is a bad odds and waste of time and reputation.

The DOTisDED team changed their funding strategy based on community feedback. They decided to cancel Referendum #556 and support the DED Bounty Fund #556 instead. This new plan aims to create a $1 billion value asset with a $10 million fund, which they believe is a more reasonable and fair approach.

Source

After discussing with the other members of the DOTisDED team, who initially provided feedback and supported this referendum, have later pivoted referendum funding strategy based on community sentiment from a proposal by proposal approach to a DED Bounty Fund.

The community feedback has lead to Referendum #556.

I agree DED cannot truly succeed with just this technical budget and tentative future contributor proposals that are not well received. Therefore i will cancel this referendum and allow for the DED Bounty Fund #556 to play out.

A DED bounty fund will give DED the best chances of success, while retaining the core value of 100% fair distribution.

$10m fund to aim for >$1bn value asset, is rational and reasonable odds. Dreaming of a zillion dollar token on bootstrap budget is a bad odds and waste of time and reputation.