Start this new Komodo coin with snapshots just like NXT did. Everyone will be happy. Then, when the Komodo chain has launched make it possible for the KMD stakeholders to print new KMD and sell them on the open market to fund development. This approach has been used before and it works. Let the community control the funds and let it be necessity-based. jl777 you don't really need 30k upfront, it's ridiculous. Just ask the money that you really need and explain where you spend it. If you are going to dilute BTCD holders share then AT LEAST DO IT BIT BY BIT.
No that will artificially inflate the price. NXT went up 4x. The whole point of this exercise is to raise funds for the dPow and to get funding to get other devs and managers on board to deliver the tech faster and more efficiently and not to enrich BTCD holders temporally. The problem with the current state of some of the other projects is that James is the one looking after them all. For Komodo he needs to get people to be able to delegate them the tasks he does not need to be involved in, so he can focus on the tech.
Now in terms of letting the community control the funds, James is a large part of the community, so why cant he control them? The 30k BTC is max and it may not get that. LIke i posted before if you keep FUDDing really hard you can help lower the amount that is invested.