I don't trust his intentions for those development funds. Sure he can say he's using the funds for the benefit of the blockchain, but what that means is quite different once we consider that his idea of the blockchain's benefit may be making STEEM a Tron token, as he's previously suggested.

His development roadmap from today includes:

Maintain Steem blockchain running in parallel with TRON
....
Launch Cross Chain Atomic Swaps

Sounds like steps on the way to a STEEM token on Tron to me.