Hello @ackza. The reason why there are so many strict rules as you mentioned, is simply because we needed to mitigate abuses and learn from the many use cases. Together with the release of Utopian V2, we have a full rework of the guidelines. The entire hassle of learning the guidelines is moved to the reviewers, while the community will be set free in deciding how they want to contribute value as well as re-opening up to international communities. We have been sharing this for a while now. Make sure to join our weekly conferences on Discord to learn the changes that are happening behind the scenes :) https://discord.gg/azdmM3v
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Will the invested funds get powered up or will utopian keep them in fiat?
We are talking about funds to build the product and sustain the costs, in exchange of shares of the company. If an investor would like to additionally invest in STEEM crypto then a portion of that may be powered up, but this is not what we are looking for specifically here.
I was asking specifically about in what currency utopian will receive investments. And in what currency utopian will store the investments. Obviously 1m won't be used within a day.
From your answer, I am assuming the funds will be kept in fiat.
This is beyond our scope atm. The investors will dictate the choice of the currency they want to use for their investment. We don't have a preference of crypto over fiat or viceversa. It is liquidity meant to be used, so where it will be temporarily held won't make much of a difference.
Well, if you send him steem at 8am, some of it may be vodka by 9pm, piss by 2am, and a bad crapitalism nightmare by 6am the next day, or not.
He clearly said any money sent will first pay wages, then expenses, then may even become vaporware.