# \[PASSED\] BIP-14 Updated Parameters and Initiatives

**URL:** <https://discourse.bitdao.io/t/passed-bip-14-updated-parameters-and-initiatives/2995>\
**Category:** \[Curated Archive\] BitDAO treasury management\
**Created:** [August 22, 2022, 4:57pm UTC](https://discourse.bitdao.io/t/passed-bip-14-updated-parameters-and-initiatives/2995 "2022-08-22T16:57:38Z")\
**Posts on this page:** 1\
**Showing post:** 22

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**Author:** ![Don](https://sea1.discourse-cdn.com/flex019/user_avatar/discourse.bitdao.io/don/32/382_2.png) [@Don](https://discourse.bitdao.io/u/Don)\
**Post date:** [September 2, 2022, 6:18pm UTC](https://discourse.bitdao.io/t/passed-bip-14-updated-parameters-and-initiatives/2995/22 "2022-09-02T18:18:43Z")

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Hey @jacobc.eth I agree with you, but the proposal has already been sent to governance (you can check this link: [Snapshot](https://snapshot.org/#/bitdao.eth/proposal/0x85bb77b350aefb39c5625fa5b2d907f411b4cc02211351c717bd51ce67baa48a)).

**#**

To be able to submit a proposal to the governance you need 132,000 USD (200,000 BITs), for approval it is 66,000,000 USD (100,000,000 BITs). All decisions, significant votes and proposals are currently authored by BitDAO Core, even proposals and projects with good approval in the community cannot move forward due to lack of support or options (we do not have independent delegates in contact with the community).

Continuing in this way, excluding the proposal and financing approach or leaving it as a second priority, BIT will become practically equal to BNB and this may even make speculators happy, but I think it’s a waste of greater potential.

I hope that some improvements or adjustments can still be made.

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_[View the full topic](https://discourse.bitdao.io/t/passed-bip-14-updated-parameters-and-initiatives/2995)._