Quote from: bob131313 on June 17, 2014, 03:50:36 PM

Quote from: gimre on June 17, 2014, 11:44:13 AM

Let me address some of the issues.

Regarding dev fund, as of today UF already spend 10.5BTC for UI/UX. And the estimate is another 10btc till Aug.
The dev fund is controlled by dev team, the accounts are in first post.

There are/were two main reasons for public auction:

get more stakeholder, to have 3000 stakes altogether,
get funds for future work (mainly for external expenses),
public auction would most likely be held AFTER BETA.

When it comes to me (and I think I express view of other devs too), I'm here for NEM, not for btc.
Whether public auction will be held (I think it should as it was promised), and how many stakes
will there be, is TBD. We will definitely take Eadeqa's fears and doubts into consideration.
(Give us few days time for some internal discussion)

Regarding 15%, keep in mind there is 400/100/100 split there, so it's not only dev but also promotion and ecosystem.

The 10% reserve, is supposed to go for FUTURE projects and it will be LOCKED (using NEM business rules).

How about we use a large percentage of the auction proceeds to benefit Sean's outpost or another non-profit organization. This would be a great public relations event.

Unwise whilst NEM is undervalued.

Marketing is a Key priority to any organisation. We were supposed to have an auction after the release of Alpha. With the capital raised used to hire Pro marketing.