The current vote concerns the so-called Block Reward Initiative (BRI), i.e. the community is voting on whether to give between 0% and 20% of mining revenue to developers.
No guarantees since they have no obligation of reporting expenses, no way for participants to control on what they are going to spend funds and how careful they are going to spend. If you give them this cut they literally free to write a hefty paycheque to themselves just like if officials will decide how much bonuses they need for "serving and protecting" taxpayers. If you have hefty continuous money flow you don't take care of how wasteful your expenses are, you just spend.
Instead of giving away funds to this team on their sole discretion we must push them to introduce a process similar to Monero funding system.
Those who want to do development must write a proposal and community will vote for it, pledge money into a smart contract and after each milestone completion remit money by approving payment. It gives a control to the community over money flows.
Up until now, the æternity team has respected all the commitments it made to the community, as long as they were achievable in the given circumstances. We said it several times and we'll say it again - none of those funds will go to the non-dev team. They will be solely dedicated to the continuous development of the project.
One more thing - if the community should vote on every dev project before releasing the money, that would delay the process too much.
Best,
The AE Team
