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RE: Progress being made

in #steem5 years ago

Agree fully, we shall not lock the funds of Steemit Inc; Although we shall come to some agreement with TRON and Justin that TRON/Justin will invest in building out Steem. In my honest opinion, this doesn't have to be financed directly from the Steemit Inc Steem stake/wallet. The money may come from anywhere; Costs to develop the Steem eco system is mostly in FIAT currency anyway and just having the Steem Wallet of Steemit Inc as the source of income to fund all expenses seems a risk to me; What is Steem values goes down in dollar value as it is been doing the last few years? Somehow we need to make sure, in writing, in contracts, in mutual agreed lockup funds (this can be in a trust fund for instance) the intentions of TRON and Justin wrt Steem and Steemit.com are verifiable, legal and eventually will be honoured.