Q&A with 3 Supervisors
summary
A legal vehicle is already created as an ownerless Cayman foundation that can take equity, debt or buy non‑crypto assets; governance is by elected supervisors with directors handling operations and no direct access to funds. Initial funding passed was roughly a 40k seed (≈30k–40k USD at time of talk). The foundation cannot pay masternodes directly due to KYC constraints so bylaws allow burning unallocated coins (can't distribute to masternodes). Plans: vet incoming proposals, submit monthly proposals for funding, and hire an investment manager once reserves scale.
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chapters (21)
- 0:00Intro
- 8:14Overview
- 9:22Do you have a plan
- 11:02Projects coming in
- 11:47Do you plan to continue putting proposals
- 13:22How does the organisation structure work
- 14:40Do you automatically send unused funds to the DIF
- 15:27How does the code work
- 16:26Proposal fee
- 17:45Noncorrelated assets
- 19:38Who will decide
- 20:45How much money do you have
- 22:27Do you want an investment manager
- 26:02Who do you talk to
- 26:32Can we only go to the DIF
- 28:42Investment Managers
- 31:09Mix and Match
- 38:47Recap
- 41:35Masternodes
- 42:02Reports to Network
- 42:52Anonymous Masternodes
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