Earlier quoted context omitted.
Patrick Collison here. I think that Stellar's governance is going to be one of its strong suits. (And something that we thought was lacking in other efforts.) Stellar is a nonprofit organization and will have public financials and governance documents. It will also hold just 5% of the stellars -- 95% is being given away as quickly as possible. The board is composed of Jed, Keith Rabois, and me. A number of other advi…
The 5% number seems a little strange to me. The post also said there are 1% more Stellars every year. So that is the same as the ruling central organization giving itself infinite money. I guess the 5% is kind of vanity metric to make people feel safe without much meaning.
The inflation doesn't go to the foundation. The mechanism is described at https://www.stellar.org/about/mandate/. (Search for "inflation".)