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Topic :

Camp Statement History

Statement :

Contribution Recognition

Currently, everyone earns 1 recognition share of Canonizer LLC for each hour of labor they contribute doing agreed on tasks. People are also given 1 share of recognition for each $100 of capital contributed to Canonizer development and operation. Hybrid compensation between these two is also possible. For example, if someone is paid $25/hour for development efforts, they would receive (1 - .25) or .75 shares for that hour. To account for the fact that earlier contributions have more value than later contributions, current contributions earn interest equal to 10% / year, compounded monthly.

These shares are currently accumulated and publicly tracked in the Master Canonizer Share Sheet. The number of shares in that sheet are being used in the Canonizer Canonizer algorithm.

Canonizer recognition shares are not stock, securities, or any kind of legally binding right to equity. They do grant rights of voting on Canonizer governance issues, like determining which companies will be accepted for paid development contracts, selecting employees to hire and other governance issues. There is no legal ownership, quid-pro-quo, guaranteed right to dividends, or control of Canonizer LLC of any kind implied by these shares. The goal is that these shares will be used as a template to structure legal ownership of Canonizer at some time in the future. The goal is to have either a public stock offering or initial coin offering of canon crypto coins. At that time, the legal requirements to make such an offering in the United States will be completed. There is no guarantee that this will take place, nor any guarantee of how the real ownership shares will be allocated amongst shares allocated in the Master Canonizer Share Sheet.
Edit Summary : Update this very old version.
Submitted On : 16 August 2021, 07:48:12 PM
Submitter Nickname : Brent_Allsop
Go Live Time : 16 August 2021, 07:48:12 PM
Statement :

Contribution Recognition

Currently, everyone earns 1 recognition share of Canonizer LLC for each hour of labor they contribute. This does not include content data being submitted. Some people have also been given 1 share for each $100 of capital contributed to get things started. Hybrid compensation is also possible. For example, if someone is paid $25/hour for development effort, they would receive (1 - .25) or .75 shares for that hour. To account for the fact that earlier contributions have more value than later contributions, currently contributions earn interest equal to 10% / year, compounded monthly.

Until systems are more formalized, this data is being stored in an MS Excel spreadsheet. Anyone can request a copy of this spreadsheet at any time, and we will eventually make this publicly accessible.

Canonizer recognition shares are not stock, securities, or any kind of legal binding right to equity. There is no legal ownership, guaranteed right to dividends, or control of Canonizer LLC of any kind implied by these shares. The goal is that these shares will be used as a template to structure legal ownership of Canonizer at some time in the future. There is, however, absolutely no guarantee that this will take place.
Edit Summary : OOoops.
Submitted On : 11 August 2021, 07:12:32 PM
Submitter Nickname : Brent_Allsop
Go Live Time : 11 August 2021, 07:12:32 PM
Statement :

Canonizer Shares

The Canonizer recognition shares used in this algorithm are openly tracked in the Master Canonizer Share Sheet. For more information see Contribution Recognition.

Canonizer Canonizer

The Canonizer Canonizer algorithm is used for canonizer community decision making, such as hiring new employees. It uses an "Inclusive Quadratic Shares" algorithm.

  • Inclusive Quadratic Shares = sqrt(maximum(1, shares))
We want anyone to have at least one vote, even if they don’t have any of these recognition shares. People with more shares deserve more of a say, but only to a degree. We don’t want ‘whale’ share owners to control things. To this end, we take the square root of shares.

These shares are only seen as “recognition” for work done and there is no legally binding authority for any of this nor any quid-pro-quo. This system may change at any time.
Edit Summary :
Submitted On : 11 August 2021, 07:09:56 PM
Submitter Nickname : Brent_Allsop
Go Live Time : 11 August 2021, 07:09:56 PM
Statement :

Contribution Recognition

Currently, everyone earns 1 recognition share of Canonizer LLC for each hour of labor they contribute. This does not include content data being submitted. Some people have also been given 1 share for each $100 of capital contributed to get things started. Hybrid compensation is also possible. For example, if someone is paid $25/hour for development effort, they would receive (1 - .25) or .75 shares for that hour. To account for the fact that earlier contributions have more value than later contributions, currently contributions earn interest equal to 10% / year, compounded monthly.

Until systems are more formalized, this data is being stored in an MS Excel spreadsheet. Anyone can request a copy of this spreadsheet at any time, and we will eventually make this publicly accessible.

Canonizer recognition shares are not stock, securities, or any kind of legal binding right to equity. There is no legal ownership, guaranteed right to dividends, or control of Canonizer LLC of any kind implied by these shares. The goal is that these shares will be used as a template to structure legal ownership of Canonizer at some time in the future. There is, however, absolutely no guarantee that this will take place.
Edit Summary : Remove all the old out of date stuff.
Submitted On : 13 September 2019, 05:30:36 PM
Submitter Nickname : Brent_Allsop
Go Live Time : 13 September 2019, 05:30:36 PM