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Re: spending other people's money

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From:
David Nicol
Date:
June 1, 2009 08:36
Subject:
Re: spending other people's money
Message ID:
934f64a20906010835m2d41f619kaeea4d1d620b1b47@mail.gmail.com
Disbursing this alleged eighty grand sounds like a perfect use for
"The Collaboratron" which is what I call my work in progress
governance and accounting system.

http://davidnicol.diaryland.com/090531_6.html

Wins compared with Nick's proposal:

1:  p5p gets a business model, which is, we earn interest on our
endowment, and disburse that to our participants

2: p5p (or the endowment-interest-disbursing committee, or TPF:
whatever existing or new entity takes this role) gets a formal
governance system

3: claims can be entered for work already done, work done before the
beginning of the disbursement program.

4: no crappy is-a-contract/isn't-a-contract mishigas.  Since there's
no limit on the pool of "hours you worked on this" it becomes
perfectly possible to do bug-fixes on clear contract terms.

(I think Nick's claim that "it isn't a contract" is specious.  Working
on something not intrinsically amusing in exchange for an expectation
of money on completion is exactly a contract; the fact that there
isn't yet an internet court of small claims with any standing to file
a lawsuit for an unpaid $500 in isn't going to make someone who thinks
they should have gotten paid and didn't any happier about their
situation)

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