RE: SPS DAO Governance Proposal - Streamline Petty Cash Expenses
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Do you actually have to spend in the region of $5,000 frequently? Perhaps a lower number would be better?
Also, what could prevent a crooked manager from issuing shedloads of payments to questionable sources or to themself?
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The original request was for what you see above plus a personal discretionary fund. Myself and the foundation guys felt that was too much. If the DAO wants to empower me and the treasurers to make discretionary expenditures of less than a tenth of a percent of the DAO's holdings, that's up to the DAO to do so. Personally I think you'd be hard pressed to convince me to spend much of anything as I'm extremely fiscally conservative. If the DAO chose to replace me with someone else, I can't say how they'd handle it.
I have no doubt about you, @clayboyn, none at all, but this opens the door to possible abuse that it seems wiser to keep shut.