Hi Stephen, We're all on the same page already!
On 09/22/2015 11:23 PM, Stephen Michel wrote: > _This email has two things:_ > > 1. Statement of our goals relating to the defunding mechanism, so we > have an agreed-upon base to have a discussion from. > 2. Proposal for simplified mechanism to accomplish those goals. > > *1. Goals of a defunding mechanism:* > > - Encourage users to deposit more funds in their account. > - Provide users with an easy way out (if I decide to leave the coop, it > sucks to have money stuck in my account) > - Should be easily understandable and intuitive. > The idea of withdrawing your funds when you leave is actually likely to be something we cannot legally support. If we actually go with the idea that the funds we hold are in fact still your money, we will almost surely be considered an illegal money transfer service. Thus, we have tentatively concluded that we only have two options: A. All funds are donated immediately when deposited, pledges count as voting for which projects get the funds. (This really won't discourage deposits that much. If people support FLO in general, then the idea that they can't get back their $10 is not a big deal, they can still deposit incrementally). B. Charge in arrears (we don't hold funds at all, we just charge people once donations reach a threshold that is worth making a charge). This means if people leave, we either make final uncomfortably low charges or lose some amount of cents that would have been their final donations but they didn't add up to enough to be worthwhile. Neither of these are awful, and they really are the only options. Details: https://snowdrift.coop/p/snowdrift/w/en/transactions > > *2. Proposed new mechanism* > * > * > - An account can only have two states: /Active/ and /Inactive./ > - When an account's balance falls below the amount required to pay all > of their outstanding pledges in full, it becomes /inactive./ > - Pledges are now in terms of /active/ patrons. (when an account becomes > /inactive, /other patrons no longer match for it.) > - Owners of inactive accounts have three options: > 1. Lower their pledge amounts until balance > payout > 2. Add more money so that balance > payout > 3. "One-time donation:" Donate to each project, immediately, a > percentage of the money remaining in the account, so that when > everything is paid, the user has $0 left in the account. This does NOT > make their account become active or cause others to sponsor their shares > (their acct is still /inactive./ > / > / > Now we only need 3 notification options: > Account Balance is low (next payout will cause account to become > inactive) | Not Required > Account becomes inactive | Required > Payout Occurs | Not Required > > Thoughts? > We're already on it! We already decided to drop the whole idea of partially active accounts and "shares". Bryan has been working on implementation of this simplified approach. My thought and proposal is almost *exactly* yours with a couple minor differences. When total funds < total pledges, my version is: if this situation gets all the way to a pay time with no adjustments in funds or pledges, then the system automatically does the split up among projects. And in my view, we *still* count that patron for this last time, even though the donations are less than their full pledge. The notification details you mention are exactly the plan. You can check with Bryan about the status of his updating all the code to implement this new simplified approach. Here's the discussion: (looks like we didn't think to make it a ticket per se, although it was known to us that this is Bryan's priority work to focus on implementing this) https://snowdrift.coop/p/snowdrift/w/en/mechanism/c/3419 Cheers! Keep the ideas coming, you're clearly thinking well about the issues we're facing and how to design this well. Best, Aaron -- Aaron Wolf Snowdrift.coop <https://snowdrift.coop> _______________________________________________ Discuss mailing list [email protected] https://lists.snowdrift.coop/mailman/listinfo/discuss
