Quote from: ruletheworld on December 20, 2017, 06:39:23 PM

Quote from: gentlemand on December 20, 2017, 12:58:51 PM

Quote from: nemwanderer on December 20, 2017, 12:53:26 PM

Awfully grumpy-why?

They're asking for nearly 10% of all NEM community funds. That's more than a little excessive for a finite resource that will never return intended to benefit the project as a whole. Even if they'd stated it would be paid back, which they haven't, that's asking that fund to take an outrageous risk on something that sounds like every other bit of tech dreaming out there.

They've also glued the magic word ICO and airdrop in there too.

They may all be wonderful people but it's not even a no strings loan, it's flat out zero risk free money gifted to them, albeit conditionally and staged.

0.5-1% of the fund makes it an acceptable bet. Not this type of proportion.

That sounds like very fair criticism. The details are very scant, so it might just be a buzzword-filled project as opposed to something that adds real value to the ecosystem. Who has the power/ability to approve the use of community funds? Perhaps it makes sense to open a dialogue.

NEM community is doing a good job giving them what's what over on the official NEM forum https://forum.nem.io/t/micai-the-world-s-first-ai-based-private-wealth-management-protocol-built-on-the-nem-blockchain/10698, I consider the project blessed we have so many intelligent participants that ask the hard questions, poke the pig.

Of issue for me, I like Lon and he seems to have brought a lot of needed organization and leadership to NEM early on when no one knew NEM from the nxt guy, but damn he's now put his rubber stamp of approval as "Special Adviser" on pretty much every NEM-centric ICO that's come out the chute. Lon, you made it, you're there, too much too fast can ruin a man quick, slow your roll and be a bit more selective on the projects you endorse in role of NEM Foundation President.