I completely agree with what you’re saying. It’s just that my view is that it was better to do something now even if it’s not perfect rather than wait another 6 months or one year to figure out the perfect way to pay out the funds.
Regarding the bounty I think the issue is the curators. Saying “bounty” is like saying “company”. You can go to the chamber of commerce and open a company but what is really going to make the difference between the success and the failure of that company is the team behind it. So of course the bounty can work if we can find the right curators. But the question is is it easier to find the right curators for the bounty or is it easier to vote on every single proposal by referendum? I don’t know
This is similar to the dilemma between ETFs like for example SP 500 and managed funds. Some managed funds will outperform the SP 500 and others will underperform. But the real problem is that it’s incredibly difficult to predict which managers are going to outperform SP500 so at the end of the day it makes more sense to just buy SP500