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.
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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.