What is the "personal fund of the developers" Will it be made public and where are thesis vidz coming from, Are you going to buy your own from the sale?
Happy to clarify.
The personal fund is coins purchased through the buyback program which are not either burned or re-distributed through the dev fund. The total amount of coins held between the personal fund and the developer fund is used to determine the percentage of fiat earnings from the site which are used to fund coin buybacks. The dev fund automatically triggers global bounties and advertisement campaigns where the personal fund should be viewed as our ownership stake in the company. As it rises, we claim a larger portion of the fiat earnings of the site. All wallet addresses will be made public and each month we will list a report proving our stake and our buybacks were done in accordance with our guidelines. We are also looking to bring in a trusted escrow style service to review our books monthly to offer secondary reassurances that we are doing what we say we will.
Short version is: The more fiat the site earns, the larger our coin buybacks. These coins get split into burn address, dev fund and personal fund. As the personal fund grows, the percentage of fiat earnings which goes to the developer rather than the buyback program is adjusted organically.
Thanks, that clears up my concern. About the book reviewing, is it possible that dabs or seb will act as that reviewer. Id feel very comfortable with any of them holding that position and with them already acting as an escrow it should be easy to hire one of them for this. Unless of course they dont want that responsibility.