Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
@gimre
legal entity - ok. But this: "The legal entity will not only control the funds but actually own them to do as they wish ...No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc." is a no go.
legal entity - ok. But this: "The legal entity will not only control the funds but actually own them to do as they wish ...No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc." is a no go.
We will expect some people will be paid for sure. It cannot be pro-bono. Would you spend your time in there, pro-bono?
No i wouldnt but I dont like a board of directors assigning themselves a wage that they deem fair either out of community funds. Yes the guys who hold the keys to the funds now could run away with them as you say, but that would be stealing and would kill their current holdings value not to mention the project (NEM) in general. Giving ownership of the funds to a legal entity in which they have the power to sign checks as they see fit is not ideal either.
Dont get me wrong, I am not trying derail a plan that is being attempted with good intentions (probably) but making an announcement that there will be a vote with a deadline of the 14th of Aug in which the main beneficiaries have the power to win that vote and in which the community loses all control of the community funds is rushed to say the least.
I would like to hear a better solution rather than the problem we already know. Otherwise there still has to be an answer to the problem to move forward. And to move forward we must.
Honestly, some people in the community wants a resolution. We have made the announcement on 7th. July, but most are apathetic when this is history in the making. THe idea and deadline for resolution was mooted by someone in the community who is seeing inaction and non-deliberation.
Well I cant argue with you about the community being apathetic as I seem to be the only one concerned with the plan ( maybe they all like it ).
I am against centralization in principal but I also see that Bitcoin is in a mess with no decisions being made. I expect most to complain after the vote. I think there should be more details such as who are the people involved in the Legal entity, Which funds are being transferred to them and if there will be any oversight regarding spending, accounts etc.
Agreed with fragout!
When discussing about something legal, there is expected to be definitions that are very openly ans accurately presented. Unless legal matters give it certain security.
Also the given Time to decide would have been expected to be more than one Holiday-Month
And advertized more also in BTT.