The great MEW heist.
David and Risto getting caught out on 'holding' donated XMR.
Much saving face going on by refunding......good read
https://bitcointalk.org/index.php?topic=776479.240
David and Risto getting caught out on 'holding' donated XMR.
Much saving face going on by refunding......good read
https://bitcointalk.org/index.php?topic=776479.240
Good story except that holding the donated funds until their use is decided by a vote is exactly according to the charter
Q. Is the MEW focused on funding development projects or does it plan to fund non-technical startups involving XMR in some way?
A. 50% of membership fees are given to the core team immediately and they may spend it on the core development at their discretion. The remaining 50% is decided by the vote. The money involved is so small that it is not realistic that the MEW as a group would fund anything except very basic level not-for-profit tasks (websites, marketing materials...). It is up to the members what kind of startups they like to start, technical or service/community-oriented.
A. 50% of membership fees are given to the core team immediately and they may spend it on the core development at their discretion. The remaining 50% is decided by the vote. The money involved is so small that it is not realistic that the MEW as a group would fund anything except very basic level not-for-profit tasks (websites, marketing materials...). It is up to the members what kind of startups they like to start, technical or service/community-oriented.
