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RE: Governance Model for a Community Bot
Sounds good. But how will you enforce it? What if the community bot operator doesn't hand in the master key and takes the fund out? I'm just thinking...The framework is smart. Just want to see how you propose to limit the damage if the operator mucks around.
That is the purpose of the Power Down Threshold - To limit the damage caused by a recalcitrant Community Bot Operator who refuses to hand over the Master Key. They might get away with some funds by clearly fraudulent means but the community is protected from a large scale misappropriation.
Sounds good. I think it makes sense now. The only issue is trusting the operator and yes this is a good approach to limit the damage. It's the same with business accounts: How do you give an account key to a s staff and invest in it if at all? Powering down after every 500 steem power is a good option