I tend to keep a really good working journal on this stuff but I don’t think others do so I saw no reason to post it. I added up my total hours on this and it far exceeds the 126 mostly for two reasons.
There was a point we tried to do work to get data to use for what appeared to be a cleaner and better compensation model that could cover everyone (the DAI Tab method). I probably spent a good chunk of two weeks wall time and maybe 60hrs which pretty much went nowhere and I/we dumped in favor of going back to a better model.
Some of my initial BT auction/analysis work revealed something interesting which I discussed with the foundation and have privately with others that is not fully released. There was and is a senstive nature to this information that myself and the others I have discussed with understand. To this day I believe while still actionable and having value has not been actioned on due to a number of factors. THis one alone I think cost me at least 20-30hrs of discussion with the foundation and others, thinking about how/whether to bring it up publicly and then finally dumping it all and leaving it alone. To be clear this has no implications for security of the protocol just something I noticed in the auctioning system which will likely be reconciled within the next liquidation upgrades.
So far I don’t believe there is a reporting metric or even a public place to make such reports. I believe this has changed and is changing all for the better probably.
I agree with your comments and questions generally though.
Yes and as @LongForWisdom knows I have advocated strongly for something like a MIP14 MIP14: Protocol DAI Transfer. In fact given the Foundation pulling back in a number of areas (example: Foundation Statement on the PSM ) MIP14 or something like will be needed even more now. MIP14 funding and many other reasons I proposed and have advocated for a secondary treasury to draw such funds from. System Reserves
Agree. I am not sure an after the fact on this is appropriate and it would cost more time. Would you like for me to add a few hours for that at $100/hr?! (the rate if I am asked for work at this point).
Yes. I received a 4K DAI grant for the 80hrs for the initial BT report Maker MCD Ethereum System Liquidation report and Black Thursday Compensation Analysis (also was technically way more than 80hr for a number of technical reasons - I also paid some of the 4K DAI to compensate Twicky for providing the data I needed maybe 200DAI I can’t remember atm). Often times when I do work I only bill for hours that led to some useful result which is why I often don’t bill my complete hours. I used to be a highly paid freelance IT team lead that was billed out at up to $500/hr and took home $200/hr. I have made up to $1000/hr (for some technical testimony in a Sony/Apple patent case) quite some time ago. Now I get about $100/hr in my full time job.
My work with Maker initially wasn’t done to be paid but simply because I was interested in helping the potential DAO bank of the future materialize. I honestly can’t say how much positive I have contributed here. Coding chops too old to be useful. I do know fairly accurately how much time I have spent. I was trying to add it all up - just from my logging of hours (many times - like this particular instant) I don’t log forum posts, or chat, oir whatever because I may or may not consider it work. When I added up hours and looked at my total compensation (nearing about 8k) I think I am getting maybe something like minimum wage for time in relation to my contributions to Maker over the past 9months (lets skip forum posts, chat, and me learning, the 6 months previous). I think my participation while down now has averaged about a 1/4 time job here over this past 9 months. My current salary I calculated to be approaching 100/hr with SSI, retirement, vacation, etc.
Some time ago I had a crazy idea of maybe moving my skills and talents online and dropping 1/4 time for each 10hrs/week I could get at $100/hr but I am rapidly coming to the conclusion this probably won’t materialize. 50/hr give or take iis about anyone is going to make and while decent money, just doesn’t compare to a full time job for a highly educated, skilled, and vastly experienced person like myself. This does not even remotely address the highly variable and uncertain nature of these types of jobs. This is something the DAO will have to deal with, and those working within it, in the coming months/years. I don’t see highly skilled smart contracts folks like @cmooney, @hexonaut @Kurt_Barry @equivrel and god knows how many others who are key important, skilled, experienced contributors to Maker getting cheaper over time (please forgive me the rest of you are listed below and so, so many of you are key to this organization).
My job has just changed significantly recently. I am working on an entirely new produciton facility bringing online vastly new and improved production facilities that are World Class (in fact will soon be #1 in the world at what we do). My key new responsibility is making this new beast perform. I had a lot of time in the past I could chat, read and respond to forum posts, do analysis, whatever as my hard work was mostly done. That time now ends for me. Fortunately there are so many other people here in Maker and MakerDAO now to take up the mantle. I still have some work to persue for this space that I hope to release in a month or two that is more general to DAO work-rewards recording of effort, community grading/approving, and how to manage the reward components. This likely will come through sourceCred, but who knows. It is something I have spent 30 years of my life on, travelling to intentional communities, doing charity work in my spare time, and was only solvable by blockchain, DAO, and my own participation throughout this space… We will see if this is just MakerMan wind or a real leap step in how DAOs function with regards to this whole doing work and getting rewards as well as having say-so in governance issue. So I probably will be stepping back from a lot of my previous activities to persue the completion and release of a whitepaper on this single issue. (I hope)
Keep doing what you are doing @bit there is much of your posts and thinking I agree with. I would urge everyone to keep as meticulous of a journal of the time they spend doing what, because someone just might want to know what you did to justify the pricetag you are asking for. I started this habit because of being a freelance IT, as well as IT team lead.
Rest assured, I am not independantly wealthy, nor am I getting rich off DAO monies. My work in this regard I consider ‘charity’. I still have to pay SSI, and income taxes on that whopping 50/hr pay and don’t think I am not grateful. To @rich.brown first GF for paying me the first 4K, to people like @LongForWisdom for getting SourceCred here and making ‘some’ funding available to encourage others like yourself @bit, monet-supply Joshua_Pritikin rune, mrabino1 cmooney @Aaron_Bartsch @cmooney @Andy_McCall cyrus Vishesh befitsandpiper wil Jtathmann @Davidutro @s_ben @Derek amyjung wouter @BrianMcMakerDAO equivrel @iammeeoh jernejml MicahZoltu Mitote Mariano_Conti and so many others who I can’t thank enough for their patience and undertanding in putting up with me as well as doing some of the hardest work not just to make Maker, but to keep Maker pushing towards the future.
There add another hour to my total hours here.
This post isn’t a good bye but an a’ tout l’heure (until later). And If I don’t get to it or am around Happy Holidays and New Year. Maker 1B and going strong. Amazing times.
I really want to urge Maker voters to seriously consider expanding the surplus to at least 1-2%, adding a secondary treasury (to fund operations, and other stuff), and something like a MIP14 for the DAO to be able to spend those funds without having to micromanage every little funding thing. The DAO having to deal with every piddly 10-20K outlay, while important, is going to so overload governance as to grind it to a halt. Appoint managers who have budgets, authority and responsibility to put them to good use. Put up a place where people working on things, record time (even time wasted) but time well spent and milestones met. Tie this all not just into payment in DAI to pay bills, but some MKR (stock in the whole) thing as a bonus (yeah when Maker is burned or via some other more reasonable metric).
What I find with Maker that isn’t hard is the ideas, or even seeing those doing the code, but selling it to the DAO and MKR token holders/voters.
And then just at the end when I click this to post I am limited to mention only 20 people - so removing the @'s now and another edit cycle.
Oh and one last request. I want my special forum Maker Black Thursday Compensation group member or ‘team lead’ badges please.