Thanks Neo for correcting my previous figures. I took those from the original IPO prospectus : https://bitcointalk.org/index.php?topic=579797.0
I believe for the SAFE Network to be a success most of the work and resources should be put around building a solid foundation. As of now 10% + 5% (ICO + initial investors) of the money went toward this and 5% of it will go toward future core development.
Given that the crowd sale didn’t go as well as planned and development time was extended by a years or more, Could Maidsafe become at risk of not having enough money and resource to finish the minimum work needed to issue safecoins safely and within a well-though-of economic framework ?
From what I understand 5% of safecoins will be issued to “core” developers into a scheme that will inevitably be very complex and controversial (Human problem) and a 10% reward will go toward app devs according to the number of request their app receive, which unfortunately wont be proportional to how useful and valuable their application is but to the contrary might incentivize them to make more bloated and inefficient code.
The 5% to be issued in the future with a non-existing and most likely centralized at first, controversial and corruptible bounty system.
Basically I can’t wrap my head around the 5% for core dev and much less the 10% for app dev and I think Maidsafe might need the money before the safecoin are issued properly and farming start awarding them (core devs) little parts of that 5% and maybe some parts of that 10%… so I suggest they could just pre-award themselves 1% or more of dev-fund (4.5m MAID per %) instead of diluting everyone by raising money from another ICO.