First, apologies for not having been part of the original discussions around creating the hypha quest and proposals. That being said, from what I was seeing from the sidenlines, I didn’t see anything objectionable while we created these proposals.
But now, I’ve had some time to think about this. There’s also an existential crisis knocking at our door, so this is not about RE Explorers - it’s about Hypha, Seeds, Explorers, and the entire world.
Here is my simple proposal as to how to finance RE Explorers:
- The project runs for 3 moon cycles
- Each REExplorer that participates in all activities receives 100k Seeds for their efforts. Potentially 50% deferred (value locked up in escrow)
- Funding comes from a Seeds proposal
Seeds finances Seeds activity.
There’s a potential that the coin will be very valuable, and each one participating here will receive an outsize reward. That is balanced by the risk that the coin fails and it’s never worth anything. Risk - reward are balanced.
What about paying rent?
Seeds are semi-liquid on uniswap right now, so people can cash out small quantities if they so desire.
Compared to the current proposals
I have to admit I don’t fully understand the RE Seeds proposal - it seems it would suffice to pay 17 RE explorers 100k Seeds. But it seems to be set up in a different way - I posted a question there.
The Hypha Proposal
I understand the proposal from both sides. From the side of RE Explorers, it’s a small remuneration per month for work done - it’s not lavish by any means. I’ve heard it’s 777 USD / Month / Explorer. That’s not a lot on an indivudual basis. So that’s one side - it’s a modest, reasonable request as RE Explorers is concerned.
But there’s a whole other side, and for this I would invite you to put on the hat of a ReFi circle lamp lighter looking at the budget.
The total remaining budget of Hypha as of right now is 800k.
The total remaining budget for the ReFi circle is a guesstimated 100k - which is fine, that will last us several months, no problem.
But if we spend 57k on that on REexplorers, it makes very little sense - because then we will run out of cash developing the things we need to develop.
I was thinking why this is such a discrepancy and I think it mostly has to do with number of people. There is no way, from a Hypha perspective, that working on finishing up and reviewing the game guide can take 17 people doing it for 3 months. Again - this is from the Hypha perspective.
The added value from the Seeds perspective is to decentralize the knowledge - this is a university, a learning center, and also a review and publishing vehicle. It really is very valuable to decentralize but such activity has to be funded by Seeds. Hypha doesn’t have the capacity - for us I think it’s well good enough to release the GG as is, maybe review it a bit more with 2 people, not 17, and ship it, and give it into the hands of the Seeds citizens to take further.
Again - from the perspective of RE Explorers, that’s not what’s being done here, here, we do something incredible for the ecosystem, the full decentralization and spinning out of the GG. But as any project, failure is possible. Maybe the people here aren’t the right people? Maybe everyone is getting discouraged and realizes high risk high fun assignments aren’t a fit for their life? It’s not a cushy office job to create a new civilization. It’s a risk. It requires putting everything on the line.
There are many people who want to create a new civilization, but the vast majority are not willing to risk their livelihood, safety, and life on it. That’s ok - they may have another calling.
But here, as of this time, we are still on the bleeding edge, we are still in hungry mode, and it’s in my opinion still only for those who are willing to put it all on the line.
This is a high risk / high reward funding proposal that fits and is in line with how new coins generally finance themselves, generating their own abundance out of the will and the energy of the people playing here.
I have spoken my mind - thank - please speak yours, I love all of you!
PS: I have also not discussed this with anyone prior, but I have received inquiries on due diligence on this proposal since the ReFI circle was mentioned as the root circle for the Hypha proposal.