SNS Generic Nervous System Function Restrictions

[Accumulating.icp]

@dfisher

Firstly, how would folks feel if even 1% of their staking income was redirected away from their pocket into a NNS treasury? Technically this is inflation redirected which we’ve seen already on the NNS, but folks could look at it as a tax on their income which is not untrue. It would be a tax, albeit directly from the source, not literally coming out their pocket. Given the libertarian ethos of crypto Jesse is right to point out it folks may not like it at all. Kyle had the interesting suggestion of funding the NNS treasury from rewards only from stakers who are not actively engaging in governance on the NNS. That way, if you are actively participating in governance, no tax would be levied on your staking income. Fair? I think so. @skilesare what do you think? Could work nicely and hand-in-hand with your proposal to change how staking works and prevent spam.

The second major risk of a NNS treasury is that the NNS is no where near decentralized enough to bear such a responsibility at this time. Dfinity could pay itself a ton of money and tank the whole system if folks feel it is corrupt and paying itself to the detriment of others. ICPMN could also try make a proposal and pay itself, for example.

The third risk of a NNS treasury is massive infighting and politicking of organizations to get NNS funding. How would the NNS decide which organizations to fund and which ones not to? Would this devolve into a major fight? Would some governmental organization need to exist to oversee funding does not go corrupt?

Contributed to by all, withdrawn by some, but sure, just a misunderstanding