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According to the whitepaper, the vast majority of existing monetary base is held by the founders and close associates: -19% directly by the founders -36% dona
by cornholio 9y ago
According to the whitepaper, the vast majority of existing monetary base is held by the founders and close associates:
-19% directly by the founders
-36% donated to Mannabase, a company directly controlled by their foundation
-17% paid to "dozens" of developers and technical staff
Another 9% was mined into circulation, and there is a strong probability that the early miners and the founders are one and the same. A grand total of 6% was given away as UBI but they promise to give more away by a complex process that seems very centralized.
It's essentially a UBI-branded premine: if you make us filthy rich we promise to make the world a better place. Certainly a splash of color in a crypto space that seems to be dominated by those who exploit more basic human impulses.
- jimmies 9y agoFrom the "whitepaper": https://i.imgur.com/YJ1KhMj.png https://i.imgur.com/YJ1KhMj.png If they actually want to make the world a better place (or deliver the message), perhaps one founder (among many) shouldn't have a piece of the cake bigger than the whole humanity combined. One can't have the cake and eat it, too.