[denied] Expiration on last repayment from community fund

Community Repayment

Currently..

My suggestion is to have an expiration date on the last repayment date, after let's say... 3 years. Your account has to remain in good standing during this entire time though.

Alot of people just create accounts, scam a few bucks and vice versa. The community repayment fund is a great incentive however in my opinion too many funds remain sitting in the wallet and very little actually get back to the scam victims. I believe this suggestion would encourage users to maintain legitimate trading practises, with an incentive as a reward. Every active trader probably has been scammed once or more and especially veteran users could be getting scammed more often - with this suggestion they can still claim some repayment after they've reached the $300 cap.

 

I support this. There’s over 13k sitting in the community repayment fund. Give it back to the people
¯\_(ツ)_/¯

 

Fully support, as long as their account has remained in good standing I don't see why not.

 

I support this high IQ idea

 

I need to dig into the current repayment guidelines a little more, but as presented, I support this suggestion. Makes sense. $300 isn’t a lot over the course of 3/5/10/15 years.



This suggestion is the tip of the iceberg to a much bigger issue, IMO.

We need more transparency and structure around the community repayment fund.
There's currently $14,100 sitting idle in the community repayment wallet.

Address: bc1qfjfg7ma899x5wgdhka5w4tj6xv8yq0qhxw5k3k

Repayment rolls should be occurring more frequently, and ideally adhering to some sort of schedule. Given how infrequent [and at random] rolls currently are, users’ likelihood of receiving repayment decreases significantly as time goes by. Again, the community deserves more transparency around who is holding the funds, how they're being managed, etc. as well. Who is even holding these funds? It's a scam quit waiting to happen.

Unless I’m missing something, I don’t see any real reason why tens of thousands of victim dollars should be sitting in a wallet for so long.

 

I think this needs to be done with several other updates to encourage a better replenishing of the repayment fund and encourage users to use sythe more for reports and stuff. On its own its helpful though.