and if foundation does not happen, what then? Does IOTA continue?
Yes, but no further engagement from CfB, David, Stas or Dominik Schiener. It's than completely up to the community to develop and marketing IOTA further. One hope is of course, CfB and David need a working IOTA as Software for Jinn. So I expect it will be silent but still somehow developed.
I still have the opinion that a solution like Lisk and Waves have done, would have been the better one (put premine aside for the foundation).
But because that is not possible I will donate now more than I have entered in the Excel sheet to make the foundation happen.
seriously? .... just do a premine of 5% and get on with it guys, why all this angst with voluntary 'donations' and 'speculators are evil' nonsense.
common sense says if you guys need 5% or it's game over, then ffs why didn't you say this before the IPO
I can understand why (psychologically) it is the best solution to ask for the needed donations from the community, as it shows engagement, support, it would clearly show that the community recognises and honours the great works being developed in IOTA (and it is undoubtful that these are amazing good and competent works).
The only thing I don't feel comfortable with is the way this donation request has been put (I am sincere when I say I feel menaced with the way the community "leaders" started to behave after the donation issue was brought). In such situations I naturally tend to dissent... oh boy, I don't accept being totally subject to my country's government threats, why would I submit to any others?
But, still, I understand that this is simply a "communication problem", and I prefer to believe that their intention is not threatening. OK. So, I told myself: overcome all this and do your best for the community.
I hope all other sincere IOTA community members will have the wisdom to make their best decision.
Anyway, even though the best case scenario would be the community recognition by the needed donations, if there is no other way, I agree that the "premine" solution above would be the rational one. And if there's an eventual "lack of recognition" from the community, this recognition will surely come when IOTA proves itself.
I would only like to request that people here abandoned this hypocritical "speculator" talk, for it helps nothing to the cohesion of the community. The community should grow, and not shink
Peace will bring us much more fruits than fights.