Yea this is a terrible idea for several reasons. For one, that funding is not even needed at this point as currently we are already more than paying for the development we have, and like you mentioned, if the current funding rate were not enough at some point in the future, it could always be adjusted. Secondly, it is the same developers getting their proposals funded most of which are also the same witnesses agreeing to convert this HIVE into HBD which looks pretty terrible to the outside for the reasons you mentioned above...
We had a great chance here to just burn this stake and create a bunch of good will going forward for current users and new would be investors, instead we are going to have a giant overhang that is pretty much exactly what we had with steemit,inc but with different names attached to it... Not to mention what happens if HIVE does a 10x like you mentioned.
What ever happened to people building a stake and then working to create value for that stake?
The ninjamine was supposed to be destroyed
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