Thanks, @possum ! I’ve left some comments. 
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Thank you ser.
Also, I wanted to add: I hope that we use this charter as guide and not follow it blindly as a bible. We can plan and draw charts, but everything constantly changes, and we need to be ready to adapt. 
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IMPORTANT: Charter v5 is up for review until EOD today ET. The biggest change: a formal Core Contributor Program now exists, and Core Contributors — not the Council — elect Council members and ratify charter amendments. The Council can’t pick its own successors anymore. Also sets the stipend baseline (100k XTM/month, $4k USD cap using a forward-reference rate), defines Council service as an active working role, and adds appeal paths for removals and rejected nominees. Full diff and rationale in the PR: https://github.com/tari-project/rfcs/pull/168
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I really hate to be that guy but capping the stipend at $48k/yr right out of the gate is a mistake. Don’t we want people working on Tari full time eventually? That’s less than half what a Junior Developer makes in the US, and it doesn’t come with any benefits.
Setting the $10k/mo upper limit that Fox suggested was much more reasonable if we want to attract any sort of talent. This would necessitate a ~12500% price increase at 100k XTM/mo. People will take a small earnings cut to work on an open-source project like Tari, but $48k and no health insurance is a poverty wage in the US.
This is something that could be used to bring in new contributors right now. The promise that if they contribute enough, there is actually potential for a decent living one day doing something they love full-time. We shouldn’t rule out that possibility before things even get started.
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The stipend isn’t meant to be a salary. Council service is a part-time governance role, not a full-time job. The people doing full-time work on Tari would be funded contributors under Article III, where the Council directs what gets funded and built. What can’t be funded by tokens can be backstopped by enterprises (as Tari Labs is continuing to do but not limited to it). The Council only has control of the Community tranche of the premine (currently around 700M tokens). That’s a separate compensation structure the Council will establish once it’s seated.
$4k/month for a part-time board-level governance role is in line with comparable protocols (Arbitrum $5k, ENS $5-8k). If the token appreciates and 100k XTM exceeds the cap, the cap prevents it from becoming disproportionate.
Full-time contributor compensation is a Council operational decision.
Does that address the concern, or do you think the cap needs revisiting?
@possum Agreed on the council being a part time position. I’d actually be a bit worried if the council, especially when the project grows, got to a point where it couldn’t be part time. Mostly because it would indicate that we haven’t decentralized/delegated enough.
If it’s always intended to be a part time position then that’s one thing.
If the project grows enough I don’t see how it stays part time without becoming a bottleneck when the council is responsible for the bounty program and essentially everything that gets funded and built. It just seems like we’re placing a (relatively low?) upper limit on Tari’s potential.
Delegating also takes time. If they’re voting on TIPs - those can be pretty technical. We want the council to be informed on the proposals they’re casting votes for. Getting up to speed takes time.
Great work on the charter @possum - it will be a work in progress document for sure. The first council will work under a forward-looking valuation, that alignment is the foundation