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RE: Please refer to the latest announcement

in #utopian-io6 years ago

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.

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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.