TLDR: Do the promoters of this SIP have a good plan on how they will execute it?
If the answer is yes, I am in favor.
If the answer is no, I am strongly opposed.
On Bitocracy as Guardian and Free Markets as Protector
One of the duties I think Bitocracy has is to shepard the Sovryn ecosystem as a home for sound economics and finance. We should create an environment with safeguards against systemic risk and outright fraud.
While I do not consider meme tokens to be sound finance, I also think the fact that they are so transparently pointless is all the protection people should need. If people want to trade these things, cool, then that’s on them.
Overall, unless there are clear systemic risks or fraud, I think the best protection is the free market.
On SIPs as Executables
SIPs can have direct power of the protocol. The genius of “code is law” is that in the case of an executable SIP, the very passage of the vote is also its execution.
This is not the case with this SIP. This SIP has no executable component. As a result it requires someone to take action in the future to action it.
over the last couple of weeks I have been trying to find devs who are available and interested in introducing the smart contract changes, changes to UI and changes to the subgraphs that could make this SIP executable. However, because so much is going on, I haven’t managed on this count.
I would like to ask the promoters of this SIP if they have a team ready to execute this SIP, should it pass? Or is their plan to see if it passes and then look for a team?
I hope it it not the later.
It would be very unfortunate for a SIP to be approved and then not be executed on. In cases where that seems to be likely a highly likely outcome, I think we should vote against by default.
Therefore, my questions to the promoters of the SIP:
- What is you plan to deploy the code changes required for this SIP?
- How do you intend to make sure the code changes are safe and secure?
- Why have you not specified that plan (as far as I can see)?