I forgot about this thread. Life got in the way. I thought it fizzled out.
I don’t know the plan’s details, but it seems like it’s near done. I would have considered allocating a portion of future SF revenue for compensation. Maybe other ways are better? No idea.
Years down the road, I think the Black Thursday event will ultimately be an event we can proudly point to as a show of strength. It’s in our history, it happened, and it shows that incentives within MakerDAO are properly aligned.
Poor governance -> Governors foot the bill
There’s something important to consider with regards to compensation though. There may be great arguments for not compensating. It was the risk they took. They knew going in. Sucks to suck.
It does suck to suck though… I’m sure a lot of people are salty about what happened. I would be. When we try pointing to this event, what’s stopping them from producing counter critiques?
It doesn’t cost us that much to do right by them. It can be a one-time pass, like the DAO hack. There weren’t any more ETH forks.
What do we gain though? We have that many fewer people (rightfully?) upset with us. I think it will be a good look for Maker to eat this.
We vote on it like any other poll!