Dear communities of IOTA Ecosystem,
as a reminder I’d like to quote Kappy and Dom:
In preparation to the IOTA CommunityDAO, and in order to fully decentralise Shimmer, we will have our own treasury that will be fully governed by the community. (From Kappys Governance proposal the majority agreed on)
A mild increase of the total supply of the network, allowing the community to fund whatever project they see fit could therefore make a vast difference in the adoption and the activity of users and applications in the Shimmer network. (Doms governance post the “Position of the IOTA Foundation”)
After the 25% Shimmer increase passed, all of the sudden a proposal beeing made giving the community funds into the hand of five people. It is mind-boggling how +90% of the community can support this idea.
Why aren’t the funds of the TEA sufficient?
And as for Phylo, I am shattered for this level of bias, which completly contradicts your position as the CommunityDAO lead. Also, it was clear from the beginning the process setting up a DAO will take time, even more with the chosen approach of the IF.
I URGE EVERYONE TO READ AND UNDERSTAND WERNERS + SISSORS POSTS