Except that is mostly going to witnesses and their projects... well previous witnesses anyways. Though I would hope that could be used to pay for SMT development or some other actual blockchain development.
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Yes of course... their projects... But the most important project which is the core blockchain was responsible of Steemit INC. So we'll need to come up with a solution to this. I hope @roadscape, @vandeberg and @gerbino help with the transition.
If they don't, I don't have high hopes going forward. Hopefully they figure out a way to take their jobs again.