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RE: SPS Governance Proposal - Establish a Legal Fund

in #spsproposal3 months ago

I agree with your first two bullets but not the third, which confuses me.

Are you suggesting that we employ a lawyer on a retainer to check the work of the lawyer we would be paying a fixed fee to do the work correctly?

Also, there are several lawyers amongst the Splinterlands community, and presumably many more lurking on Hive, so we could see this as an opportunity to keep it in the family.

Still feel the foundation funding should be a separate issue and we should wait til the foundation is done, but i am not stuck on the point.

One final question, why use eth? I am not a fan of tokens with infinite supply and strongly feel the dao needs to start accumulating bitcoin, but why the eth specifically, as opposed to other assets?

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I'm suggesting having a lawyer on retainer to discuss which jurisdictions to pursue and be able to provide qualified legal council if/when questions arise.

Lawyers invested in the SPS token or being involved with the DAO would have a conflict of interest.

Not sure what you mean about using ETH... the proposal is suggesting we reserve 25,000 USDC (stable coins) that happen to exist on the ETH blockchain. We're not going to be able to pay legal fees in HIVE/DEC/SPS and the firms that do work with crypto are going to want ETH/ERC-20 generally. Maybe they'd take BTC, but we don't have that. The suggestion to reserve stable coins mean the fund is there if we need it and we don't need to worry about price fluctuations with the ETH token, like if I said, "Reserve 10 ETH." Then we could be talking about a $20k or $50k budget depending on which way the market goes.

i do not think there will be enough for a lawyer to do to justify any retainer

We do not need a lawyer to discuss anything about jurisdictions now and i can give you the link to a legal AI if you want an opinion.

Asking people we know, who happen to be lawyers, about anything is not a conflict of interest.

This is too much, too soon, and lacks clarity.