From SteemWhitepaper:
all work must be done prior-to payout and nothing should be paid
speculatively on the promise to do work in the future.
I am against any fundraising by steem based on promise. Flagged.
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I agree with you.
He also doesn't need funds to host a wiki but people to contribute content!
exactly and to be able to attract people to write content which is needed one needs to reward them and attracts them with bounties.
Dear @noganoo please wait before you judge - it will be totally transparent and opensource .