If a coin was going to copy Dash and Zcash's model of having some portion of transaction fees (more generally block reward) paid to a governance board which then distributed the funds, who would you trust to be on this board and what percentage of the board's funds would you want paid to the members of this board for their effort to manage the distribution of the funds?

Bitshares learned that if you let everyone vote, you end up with rigor mortis due to political turf battles, i.e. a power vacuum. So for Steem they did a sneaky stealth "pre"mine to make sure the principals control 80% of the money supply. Essentially they copied Dash which has a sneaky "bug" "pre"mine so that the insiders got a huge portion of the tokens and thus control the money supply and voting (probably via proxies so they can hide their control).

So in lieu of doing some scam like those, the only way I can see to make a governance work is to permanently install trusted board members and then pre-program in the protocol to dissolve the entire funding source after a set period of time once the initial bootstrap development is completed. Perhaps a 2 - 5 year period. What do you all think?

Feedback please. Ideas?

Those doing governance would need to be very technical so they understand the visionary developers. Yet they need to be solidly grounded. And they need to not have a conflicting agenda.

The first person who came to my mind is @smooth, but he has conflicting vested interests.

P.S. I am not saying it is a good idea to do because it involves centralized trust (and don't we want decentralized and trustless?), but during bootstrap stage possibly it can help to have a funding source. I am starting a discussion if anyone is interested to discuss.

P.S.S. Feel free to discuss legal implications as well if you want. Note that providing the illusion of (i.e. ostensibly hiding the ownership of your masternodes via proxy owners, etc.) decentralized voting that the Steem and Dash scams do, is probably intended to be a way to avoid issues with the law about investment securities.