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RE: Steem Basic Income - Member Delegation Report (10 June 2018)
These are fair points, and one reason why we've structured so that a member could enroll for only 1 STEEM and then increase their participation through delegation instead of further increasing their shares.
We do have a formal refund policy that applies to any material program changes (and closing the program would be a material change) that is detailed in the Complete Overview. It's too late to change the FAQ post, but we will include more contact information when we announce our website (coming soon).
Thanks for your answer, @steembasicincome.
I want to trust you, and maybe even will get some shares, cos it's a good deal... it's just a pity that you can't do a trust-less, decentralized system for this project ((
I have been investigating the possibility of doing an SMT in order to support a trust-less decentralized system.
Since HF 20 has not even been released, that's not our immediate development priority. Anyone 'pre-selling' an SMT before the code support for them has been added to the blockchain protocol should be treated with extreme skepticism... especially if the pre-sale is using STEEM or SBD and not an ERC20 or other token that would convert into the SMT after launch.