Tue. May 28th, 2024

TLDR: Ripple CTO David Schwartz has publicly endorsed a new proposal for the XRPL Foundation’s governance structure. The proposal aims to enhance transparency and democracy within the governance process, allowing for community input and contributions. The proposal has addressed concerns within the XRPL community and seeks to create a more inclusive and member-governed entity. Despite concerns, the goal of the proposal is to enable sustainable funding for the Foundation without compromising its integrity. Further refinement and discussion are expected to align the proposal with community values and the purpose of the XRPL Foundation.

Key points:

  • Ripple CTO David Schwartz has endorsed a governance proposal for the XRPL Foundation.
  • The proposal aims to enhance transparency and democracy in XRPL governance.
  • The proposal addresses concerns within the XRPL community and seeks to create a more inclusive and member-governed entity.
  • Community input and contributions are encouraged to refine and further develop the proposal.

Ripple’s Chief Technology Officer David Schwartz has clarified his stance on a new governance proposal for the XRPL Foundation. In a series of posts, Schwartz stressed the importance of community input on the proposal, which he described as a “straw man” designed to stimulate open dialogue and gather diverse suggestions.

The proposal aims to enhance the transparency and democratic process of XRPL governance, asserting that it does not require permission to be presented, as any member of the community has the right to contribute ideas. In his public endorsement of David Fuelling’s proposal for updating the XRPL Foundation’s governance structure, Schwartz stressed the proposal’s intent to make XRPL governance more transparent and inclusive.

In his recent post, Fuelling addressed the XRPL community’s concerns regarding the timing and motivation behind his proposal to revamp the governance structure of the XRPL Foundation. Fuelling explained that his proposal was driven by a long-observed sentiment within the community for a more impactful voice in XRPL’s affairs. By proposing changes within the XRPLF, he aims to adhere more closely to the principles of decentralization and democratic organization.

Fuelling clarified that his proposal was not a critique but a personal vision to build on the Foundation’s existing structure, proposing a clearer membership model and sustainable funding mechanisms. Fuelling’s vision extends to transforming the XRPLF into a more inclusive and member-governed entity. His proposal seeks to engage the community in a transparent dialogue rather than private deliberations.

Despite some concerns raised over the proposal’s implications, Fuelling maintains that the aim is to enable sustainable funding for the Foundation without compromising its integrity. He calls for a collective effort to refine the proposal, ensuring it aligns with the community’s ethos and the purpose of the XRPL Foundation.

Related Post