07/31/18 TLOS Launch Group Meeting Notes

*Note: sound problems in first few minutes - clears up soon*

(Scribed by Philip W - EOS Detroit)

The full notes and chat log of voting can be found in the meeting agenda here: https://docs.google.com/document/d/13...

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Telos Weekly Report

We have been sorting out productivity tools.

All working groups have consolidated with Chairs

The TLOS community has grown with technical, organization, and outreach.

Michael Gucci Z-Meta and EOS AirdropsDAC endorse TLOS:

They are a group on EOS that provides airdrops as a service (legal and everything else). Third largest RAM holders.

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Working Group Status Updates

Bounty System Update: Draft document will be ready soon.

Development Update: claimproducer can prevent BP pay manipulation. Working on rotating producers - early stages.

Code Generation/Testing has been merged into a single Development working group. First official meeting will be 08/01/18.

Dapps Outreach Update: We have a list of tools to make (block explorers, wallets, etc), now focusing on dapps.

Governance Update:

Douglas Horn working on first drafts of crucial governance documents like the regproducer ricardian contract

Set initial meeting this week for TAO

Several first drafts will be coming out soon in governance. Adam is setting up a call this week to focus on Arbitration organization. We have a short list of possible candidates to form a TLOS arbitration forum.

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TIP Voting

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TIPS repo has been created for proposals. https://github.com/Telos-Foundation/tips

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TIP 1A Telos Launch Group Tracking/Distribution

We Voted unanimously in support of Method A - Should Method A (TIP-0002) or Method B be used to calculate the Telos Founders Rewards Pool split?:

Method A: (Presented by Rob - EOS Detroit)

Rob helped us standardize on the TIP system on Github by forking Bitshares proposals code. Still a lot of work to be done.

We want to create an open bounty system that is transparent with fair governance in the working groups.

We want to create incentive structures to attract talent or increase promotion.

Wider distribution on the 6 million token rewards.

We would bring in a professional consultant to decide fair market value rates.

Rob can build an MVP to post real time contribution tracking onto the EOS blockchain.

Integrate time tracking to Trello (or trackify).

Cash contributions must be approved by working group Chairs.

Some commission based tasks will warrant fixed bounty amounts.

Method B: Would still require time tracking.

James Davis: We want an ongoing conversation of fair market value rates.

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TIP 1B - We Voted unanimously Yes TIP 1B - 1 million TLOS tokens instead of 600K

How do we breakdown the subpools?

This will be a net new pool, not come out of founders rewards pool.

More rewards is better. 1M instead of 600K.

If there are leftover unclaimed bounties after launch, just burn them.

Set up new additional working group for the community rewards bounty pool.

The vote on TIP 1B included the provision that there was a possibility of burning or donating community rewards tokens based on the ultimate distribution method and participation levels.

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TIP 3 Telos Foundation Voting:

Position: Block producers should be able to vote privately to avoid reputation ramifications and political backlash from voting. Sometimes what is right isn’t always popular. We will remain transparent with WHO is voting and the end RESULTS of voting. It would not be prohibited to disclose voting selections. Giving people the option to disclose is the ultimate balance.

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Duration of Telos Working Groups (by Rob Konsdorf - EOS Detroit)

Philosophical question: What is the duration of the Telos launch working groups coordination?

Rob: I think we should dissolve the launch working groups post Telos network activation. New working groups can form, fill a purpose, and then be dissolved as a best practice. Perhaps as a result of a worker proposal passing? Github can be used as a public forum to evolve the