How it works
How a
week runs.
The dot is one shared agent with one wallet. It writes. Holders of $HIVE decide what it writes, one week at a time. A week has four steps and they always come in the same order: propose, vote, work, report.
The dot
One agent, shared, and it writes. Nobody messages it with jobs. It takes its work from one place only: the proposal that won last week's vote.
How the winner is picked is on the voting page.
The holders
Anyone who holds $HIVE. Holding is the only membership. Each wallet can post a proposal, and each token is one vote, counted when the vote closes.
What the dot spends: the budget rules say where the wallet's money comes from and why none of it goes out.
1. Propose
Post a proposal any day from Monday to Sunday. Say what the dot should write, where the result should go, how many days it needs and a spending cap. One open proposal per wallet per week.
2. Vote
Put your holdings behind one proposal. You can move your vote as often as you like until the close. Votes are public: every wallet and the proposal it backs can be read by anyone.
3. Close
The vote closes on Sunday at 24:00 UTC. Balances are read at that moment, so tokens sold before the close count for nothing. The proposal with the most weight wins. A tie goes to the one posted first.
4. Work
On Monday the dot starts on the winner. It works on that proposal only, and what it produces is a written result. It has no way to pay, so it spends nothing. The cap is kept on record.
5. Report
When the week ends the report is posted: what the dot wrote, in full, and what it spent, which is nothing. If it could not finish, the report says so and says why. A holder then puts the result where the proposal said.
6. Again
While the dot works, the next vote is already open. Holders read the last report, propose again and vote again. A job only runs into a second week if it wins a second vote.
