I’ve been broadly in favour of it, and after thinking on it the last few days, more certain of it.
I think back to all those previous AMAs, how Reserve (well, Confusion Capital and ABC) want to be able to demonstrate that the platform’s permissionless - it’s such an easier narrative if/when (
) Reserve is big to say simply: “Well, we’ve never deployed an RToken - the platform’s just there as an agnostic tool”
And if you follow the reasoning down, then outside of some team nudges and advice, that good faith argument continues up until the point they’re directly paying someone to deploy or govern.
Maybe small incentives, even small grants are all cool and follow that good faith argument, but at some point it stops holding true if team incentives become bigger than that.
And at the same time, you need someone pushing RTokens, they’re not going to grow themselves - or maybe better to say you need someone constantly pushing the snowball to start with.
Whatever Sentz and Ugly Cash are doing, it’s going to be around growing their audience, not pushing eUSD out there (and that’s cool, that’s their priority).
All the work of simply talking to exchanges for listings, turning up at conferences, doing social or hunting partners - that’s all necessary work to be done which won’t happen if no-one does it.
It’s got to be done, and as a decentralized stablecoin, it’s got to come from stakers/governors.
And if our hope of eUSD growing is from either no-one doing the work, or Tom doing it alongside whatever the day job is… It’s just a missed shot on goal.
So I’m going to vote in favour of it. I’d rather take the punt, and a few listings or a few canny moves on the Defi side would pay for itself.
If Tom wants to do it, and be able to buy more time to do it, I’m in - if it grows the pie, it’s a win all round.
I say Tom, because he’s been demonstrating he can do it for a year (look at USD3 m-cap for example). I think it’s a good idea for the right person, and that’s Tom from everyone available on the radar.
Someone said it would be about $3,000 a month? To put a smart cookie on to the purpose of building eUSD up? I lean it’s a decent bargain of an experiment.