If the experts are already known, then I definitely don't see a point in not disclosing their names before the fund raiser.
I think the idea is really cool, but the process is also very important.
This is still an important question. While yes, the money will attract some talent, the money also will attract scammers and just random people who want to make a quick buck. And I don't see $50k attracting enough talent.
... and transactions costs go up for everyone.
It would be really-really nice if somebody could explain the *causal* relationship between these two. For example, please show me the formula or some statistics based estimates for how much more single 1s transaction will cost vs. 1000 1ms transactions.
Oh yeah, and don't forget the bullshit that is "non-voting stock", which is basically just casino chips. I know at least some companies that only publicly sell this kind of bullshit stock.