"Especially considering they're taking a whopping 1.5mil for themselves in stake", still less than other tribes, and probably distributed slowly in years, so when it reaches t 1.5M it may be less than 10% of supply.
"To have that much control essentially centralizes all the power from the beginning." - not correct, just check before writing non-sense, I think the team printed dunno, maybe 5k for themselves, for now, ~ 4% of the total stake.
Palnet is much more centralized ;)
The difference there though is, palnet has been around and has a reputation. These people are hiding and the only name we know is khaleelkazi. I trust palnet, I do not trust people who hide behind a curtain, that's the difference there...
Eh, based on what they said it seems they'd retain 33%+ of stake from the get-go. Pretty centralized still. That's just for right now though, who knows who's running this, so who's to say that won't change? If we can't place accounts to who's running this, then that negates a lot of trust from a lot of people right from the beginning. There's no real reason to hide except for planning to do shady things, simple as that. That's the big issue I have with this, as do others. Some can blindly trust, sure. Not me. I think the idea is great tbh and I feel a bit better after reading what khaleelkazi wrote in reply and the fact that he took the time to reply to me, but I still don't feel safe investing until I know who's behind it. I'm sure it'll do well regardless, but if they want to be truly successful, people who have a hard time trusting faceless organizations will need something more solid. In a way, not telling us who they are is a form of centralization as well, one people may not consider often, centralization of trust. They're asking us and expecting us to trust them? Giving us nothing and expecting full trust? All the trust has to be in us, they don't have to trust us one bit. Until there are account names that are not fresh out of the oven behind this tribe, I can't really see it having a future. Mystery is not something that should be a part of the design and structure of a project. That's like me asking you to give me a large sum of cash and just trusting me to pay it back. Would you do that? Because unless you're somehow a part of this and involved directly to what's going on behind the scenes (Which would be even shadier, because the public is not.), that's exactly what you're doing here. You're putting blind trust into a faceless organization that rose up out of thin air. lol. Good luck. I really do hope it pans out, but I will be waiting to see how things play out before I jump in. As will many many others. I hope I see some positive progress though, I like the idea behind it. Leisure should definitely be shared more. :)