A BEOS Endowment Trust Fund will be created for this purpose, but it will not be managed on the blockchain like the existing BitShares Reserve Fund. Instead, it will be managed by a traditional legal trust fund, the BEOS Limited Cooperative Association (“BLCA”). This is for pragmatic reasons. A conventional board of trustees is able to make contracts, act quickly, and maintain commitment to a plan longer than a purely democratic process can achieve.
This is a point I have been thinking for a while. Do you mind sharing any specific examples or reasons in the Graphene family or other blockchains which made you / BEOS reach at this conclusion ?
RE: BEOS Technical White Paper