KERI Foundation

FAQ Tag: Detailed

  • What is a BDFL and who is it?

    —

    by

    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…

  • Can I withdraw my sponsorship/donation?

    —

    by

    admin

    After a careful exchange of terms and the donor contract, there is the usual cooling-off period to sign the contract. However, as soon as the contract is signed, the donor is obligated to pay the donorship, and we will have to strictly enforce that. A donor can only lay off the obligation by having another…

  • Bitcoin has Bitcoin Improvement Proposals. Why doesn’t KERI have a similar mechanism?

    —

    by

    admin

    KIPs – KERI Improvement Protocols so that there will also be space for market-driven instead of only technically driven. Good proposal; we’ll extend the current KIDS in this direction.

  • Why are there veto rights for the foundation’s chairman and the technical manager?

    —

    by

    admin

    In terms of execution, they are the only roles you can currently translate operationally into functions. See the other parts of the website to dive deep into their competence profiles that lay out their task, responsibilities, and rights as foundation managers. Besides the managers of the Foundation, whose rights are laid out in the Operational…

  • What about money flowing to another foundation that supports KERI?

    —

    by

    admin

    We have to keep the community together as well as we can. But not at all cost. How important do you think it is to operate as a unit? Anyone would prefer to be “Sam Smith Certified,” and to get there; any donor has to establish a connection with the one and only KERI foundation…

  • Why do you need an executive team of managers?

    —

    by

    admin

    The executive team works on operational matters within the envisioned foundation framework. All the roles that are needed are included (anyone can add them if something is missing). Those roles will soon be assigned to functions/persons depending on the phase/scale of the foundation. Members versus Managers We think an essential function of the foundation should…

  • What is the use of a pro-bono advisory board?

    —

    by

    admin

    To align ideas and input ideas. One individual, the leader of that advisory board, has decision-making power. For those who strongly advise against the concept of an advisory board We would reverse the question:What if the KERI plan and your concept are incompatible with Sam’s wish? How important is it to you to operate as…

  • Shouldn’t it be a broad board instead of a management team?

    —

    by

    admin

    I believe the structure is too narrow. We need more Board members. One of our design principles is that we run it like a company, but it IS a board in a legal sense. It is only reasonable, safe, and logical to first finish things in a small technical team and only then start diversifying.…

  • Doesn’t your board look like a management team too much?

    —

    by

    admin

    I wonder whether a 3-person board of directors is so functional and effective.The foundation design is a cathedral (from The Cathedral and The Bazaar, by Eric S. Raymond) with just three people on the board. Yes, it is a team of managers (because we’ve reserved the term members for the steering L3C). However, the cathedral…

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

    —

    by

    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.