KERI Foundation

FAQ Category: 7. Decision making

  • What is a BDFL and who is it?

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    admin

    A BDFL, which stands for “Benevolent Dictator For Life,” is an informal title given to influential leaders in open-source software development projects. This term typically refers to project founders or primary creators who retain final decision-making authority over the project’s direction and development. The concept of BDFL originated in 1995 and is closely associated with…

  • Why not put all rules in the statutes?

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    admin

    So authorities can audit, and the board has to decide on changes? A Utah-registered L3C, a not-for-profit organization, steers the KERI Foundation. Processing everything into articles of association is very static. You have to make dynamic decisions based on constantly changing insights. You want to keep adjusting. We have two principal guidelines in this perspective:

  • You have to let go of control. How are you going to do this?

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    Originally, this idea was solely to give all parties a voice and bring that together in one forum. The proposed managers of the designed board happily reserve a seat on the board for this purpose, with decision-making authority: the leader of the Advisory Board. If anyone asks to let go of control, have you put…

  • How can anyone want to participate in this?

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    Suppose we set this up in a reasonable, safe, and logical way to mature the KERISuite first on a small technical team. And we only then start diversifying; do you see yourself in any role at any point in time in the future? We welcome your positive contributions.

  • Is the chairman practically running the foundation on his own?

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    admin

    One individual has to take up various roles at the beginning of the foundation. In this perspective, anno 2025, the answer to the question is ‘to a great extent, yes’ 🙂 But bear in mind: We developed a role-based organizational chart, an Operational Agreement, and a Memorandum of Understanding. So, it’s a consensus-critical manager-managed operation…

  • Are people willing to donate money and development power if they have no say in the outcome?

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    admin

    Donating money and donating time are two distinct things. Money donors have a say in the outcome. Our foundation offers fine-grained benefits and influence models through donations. The website has information on direct funding, advisory boards, marketing, and events. You have a tiered say from tiered donations. The KERI Foundation won’t be able to accept…

  • Aren’t there more shoulders needed than three board managers to drive KERI adoption?

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    At the start of 2025, we only have two! We’re engaging parties to bring in the leader of the Advisory Board and one of the board managers. But we agree that we need more shoulders, eventually. First, we want to start the donation flow and complete the 5Ws to meet the adoption expectations. Phase 2…

  • This the “Sam Foundation”?!

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    The chairman and Sam could decide independently of anybody else. To gain something, you also have to give. It would not find the support of a larger community. It’s the community foundation supported by KERI’s inventor Dr. Samuel M. Smith. Any qualified majority in the board makes decisions on all but a few topics. These…

  • How can we be sure that the domicile authorities will accept a not-for-profit organization as small as this?

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    admin

    The proposal is a minimal, sufficient, practical, and simple means to a minimal enough end to meet the regulatory requirements in the domicile. Of course, our proposal will comply with the authorities and not-for-profit foundation’s requirements.