I understand the need to reduce payouts and limit those trying to game the rewards to make the project profitable.
I’m concerned about those that helped Presearch get to this point by running nodes. Presearch offloaded those costs, and many of us have run nodes at a loss based on our belief in the project and the idea of decentralization. If Presearch believed in decentralization, an equitable profit should go to those running the infrastructure. Not to VCs who are only providing additional cash. At this point, I don’t think we have any idea because the communication hasn’t happened.
That a foundation was created with only three people having control does not sound very decentralized. I’m also curious about how voting rights are managed. We also don’t know much about the legal makeup of the foundation. Ideally, a truly decentralized project would allow voting for any decisions and be open and transparent.
I could go on, but I think @Ben captured most of my concerns in his post.