RE: FOUNDATION PROPOSAL: The Merger

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RE: FOUNDATION PROPOSAL: The Merger

shadowspub in #foundationproposal • 7 years ago (edited)

In my experience, I have over 40 years of involvement with community volunteering, the only true barrier to anyone volunteering their time and talents is their own sense of willingness to give.

Don't get your comment about concentrating power in America.. I'm not in America nor are some others who are currently involved. The legal entity based in America is not a barrier to anyone else internationally to become involved. I'm also not a whale, nor are others involved.

Yes, the voting will likely involve some form of stake based voting. This is a stake based platform, that's a fact of life. The exact form of that voting will be sorted out after the community speaks on which proposal will be the base for the future structure.

7 years ago in #foundationproposal by shadowspub

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abitcoinskeptic 7 years ago

It makes good sense what you say about volunteering. However I just look at the best talent in the world for some positions. Very talented CEOs don't come cheap. Imagine what a celebrity CEO could do for Steem?
The American concentrated part is just because the foundation happens to be there. Actually if you read another proposal, it specifically says it will not be in america. Personally I like America for both a location of the foundation and just a great place in general. But we have to consider some people don't like america and would rather a foundation be in a neutral country.

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shadowspub 7 years ago

It makes good sense what you say about volunteering. However I just look at the best talent in the world for some positions. Very talented CEOs don't come cheap. Imagine what a celebrity CEO could do for Steem?

At some future point, when the foundation is a rocking success, the board may choose to allow remuneration in order to attract some celebrity CEO. That would be a long way off in the future and definitely NOT in the startup phase that we're going to be in.

Yes, I know some of the proposals are not in favour of the legal entity being US based. They will have some hurdles to deal with when it comes to the major funding coming from the US, but that will be their wall to climb. :)

The reason here was pragmatic, major initial funding coming from the US, then establish the legal entity there to line up with legal requirements.

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