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this post was submitted on 09 Sep 2023
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Simple Living
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Live better, with less
Ideas and inspiration for living more simply. A place to share tips on living with less stuff, work, speed, or stress in return for gaining more freedom, time, self-reliance, and joy.
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Perhaps you're suited to answer this: What protections are there for end users against this being some sort of rug pull?
I have no idea for sure, but I assume they would have a contract you would agree to that governs how they use your contributions and it would allow you to sue for breach of contract in small claims court. According to their website they plan to have a steward ownership model in which profits serve the mission of the company and protect it from extractive capital. I imagine that means it will hopefully be set up to not allow it to go public or misuse funds.
I agree -- I particularly liked that they call out corporate governance structure in the FAQ.