Dev Fund Proposal: 20% to a 2-of-3 multisig with community-involved governance

[mlphresearch]

@tromer

Technically, a rogue party holding one of the 3 keys can decide to use it to fund itself (with cooperation of just 1 more party), regardless of whether it’s supposed to recuse itself according to a social contract. Done blatantly, it would be the kind of egregious violation that may cause a hardfork. But there could be marginal cases, e.g., a party refusing to recuse itself from voting on funding someone who’s affiliated with them.

Very important considerations indeed. One option is to require three signatures for all transfers but this comes with its own, possibly more serious problems. Here we’re only considering situations where the governing entities act against the rules of governance, right? How does the situation change under a “legal charter”?