Thanks for raising this post. While I generally agree that contributors should be compensated for their work, there may be more merit to @tommyolofsson 's view since projects such as IMN work not on hours = BANK but KPI = BANK and we do allocate a % of our revenues going back to bDAO treasury.
In theory, it is possible for folks to participate in endless pods and meetings and claim 1000s of BANK in return despite those efforts leading to no revenue for bDAO. Piling billable hours is a common practice in ‘TradCon’ (traditional consulting) and we should attempt to structure web3 in a fundamentally different way than TradCon imo, otherwise we’ll end up reconstructing the exact same system.
A better way(imo) would be to incentivize activities that directly contribute to the success of a project. I am not an expert on what these activities might be, but generally rewarding folks for achievements is more aligned to working as missionaries as opposed to working like mercenaries.
Many contributors in bDAO end up working way more than the 1000 BANK/hr rate, IMN project folks (roughly 50-100 regular contributors) work at 80-250 BANK/hr rates. If we all start asking for this ridiculous amount of 1000 BANK/hr under the terms of fair compensation, we will not be left with a treasury to fund our activities.