Bitcointalk forum holding 125 BTC - page 2.

Quickseller

copper member

Activity: 2870

Merit: 2298

Quote from: pugman on April 02, 2021, 05:45:25 AM

Quote from: Quickseller on March 28, 2021, 06:22:17 PM

Quote from: Pmalek on March 28, 2021, 04:34:15 PM

Quote from: The Sceptical Chymist on March 26, 2021, 05:44:31 PM

Someone please correct me if I'm wrong on either of those points.

You are not wrong. According to mexxer-2 post from 2016, a portion of the 25% of the bitcoin the forum generated through ads was intended for mod payments according to a formula. If the formula is correct, the most active moderators earned 0.3% or more per month, each. This was confirmed by Quickseller further down in the thread.

As far as I can tell, the percentage is now higher than 25%. The ad auctions are not bringing in much bitcoin right now and the forum has grown enough to need a lot of mods. My guess is that the mods get nearly all of the forum ad revenue and hosting is paid for out of the forum’s reserves.

Do you really think so?

The last mod payment resulted in the mods getting a total of 0.1844BTC, and was sent in the middle of March. I looked at the previous ad auctions going back a month (based on the end date) prior to the mod payment being sent, and the forum received a total of 0.325BTC from selling ads. So it looks like last month, the forum spent about 56% of their revenue on mods. At current prices, that leaves about $8100 to pay for hosting, and any other expenses the forum may incur.

I am not sure how much hosting costs the forum per month, but it is probably a decent amount based on the amount of traffic it gets.

shahzadafzal

copper member

Activity: 1526

Merit: 2890

Quote from: cryptoperkele on April 04, 2021, 07:03:53 PM

I would like to see notifications when i get mentioned or tagged by someone, so that it would be easier to keep up with the conversation. That's the only thing i really would like to see. Otherwise everything is fine and there's no need to chance something that's working.

New forum has Notifications it’s being taken care....

Meanwhile for notifications use this TryNinja Telegram bot for notifications

cryptoperkele

member

Activity: 889

Merit: 60

Quote from: BlackHatCoiner on March 26, 2021, 03:51:38 PM

What kind of changes would you like to see? Sparkling buttons and stylish layouts? This is a serious forum bringing serious discussions about a serious world-changing project that is taken... seriously! There's no need to change anything that would spoil the spirit of this website.

---

I would like to see notifications when i get mentioned or tagged by someone, so that it would be easier to keep up with the conversation. That's the only thing i really would like to see. Otherwise everything is fine and there's no need to chance something that's working.

malevolent

legendary

Activity: 3472

Merit: 1721

Quote from: pugman on April 02, 2021, 05:45:25 AM

Do you really think so? From what I can recall mods get paid around 1000-2000$ a month on a normal basis if they handle a certain portion of reports. I am not sure if this is still the case though. Mods get paid in terms of how many reports they relatively handle. Ref: https://bitcointalksearch.org/topic/m.55717644

OTOH, I came across this: https://bitcointalksearch.org/topic/m.2480445 which basically proves the forum had more than 6000 BTC in funds.

More links regards to mod payments: https://bitcointalksearch.org/topic/m.54889130

The vast majority get paid less than that, depends on their activity and whether they're Global mods or not (the latter are paid more per action, IIRC). Current forum funds also amount to >1250 BTC: https://bitcointalksearch.org/topic/forum-funds-155000 (I'm writing this number here in case someone still failed to follow the link.)

Which means the forum will never have any problems to self-sustain financially.

shahzadafzal

copper member

Activity: 1526

Merit: 2890

Quote from: pugman on March 26, 2021, 02:08:37 PM

Few things:

Forum holds more than 125 BTC. Multiple people have access to the forum funds via Multi-sig. For more info in detail,read : https://bitcointalksearch.org/topic/forum-funds-155000

Forum spends most of the money of Epochtalk, and to pay out mods. Epochtalk is the new forum software which has been in development for ~8 years. The board for epochtalk is here: https://bitcointalk.org/index.php?board=167.0

What if I tell you guys forum used to hold 5500 BTC…. but that was 10 years ago.. of course there is cost involved. Running this community of 3.2m users is not free and specially cost to epochtalk , so it would be insane if someone thinks forum still holding this much BTC

Quote from: theymos on November 01, 2011, 10:06:51 PM

The forum has about ~~650~~ ~~760~~ ~~920~~ ~~1120~~ ~~1720~~ ~~2267~~ ~~3000~~ 5500 BTC on hand at this moment, but you can bid more than that.

actmyname

copper member

Activity: 2562

Merit: 2504

Spear the bees

Quote from: libert19 on April 03, 2021, 12:07:11 AM

Not really, if you check the address there are outgoing transactions every few weeks.

Outgoing transactions do not signify any transfer of value except across addresses: you cannot determine the identity of the recipient merely from the fact that address A sent to address B.

Splitting coins is common: if I use a $1000 bill (arbitrary) on a $5 transaction, there is still a large txinput being used but the actual output is unknown except to the sender and recipient (if unique).

libert19

hero member

Activity: 2464

Merit: 934

Quote from: notblox1 on March 26, 2021, 03:43:15 PM

We are probably going to hodl this 125 bitcoins forever or until each member of bitcointalk becomes millionaire in dollar terms.

Not really, if you check the address there are outgoing transactions every few weeks.

Halab

staff

Activity: 2408

Merit: 2021

I find your lack of faith in Bitcoin disturbing.

Quote from: pugman on April 02, 2021, 05:45:25 AM

From what I can recall mods get paid around 1000-2000$ a month on a normal basis if they handle a certain portion of reports. I am not sure if this is still the case though. Mods get paid in terms of how many reports they relatively handle.

Wowow don't say things like that, people will believe it

. The reality for most mods is much less.
Mods get paid in BTC, everything is on the blockchain and accessible to everyone with a minimum of research.

I know what I do for what I'm paid (and I'm not complaining), but I really can't even imagine what those who get the most must do (in terms of handled reports and all the other inconveniences).

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Quote from: Quickseller on March 28, 2021, 06:22:17 PM

Quote from: Pmalek on March 28, 2021, 04:34:15 PM

Quote from: The Sceptical Chymist on March 26, 2021, 05:44:31 PM

Someone please correct me if I'm wrong on either of those points.

You are not wrong. According to mexxer-2 post from 2016, a portion of the 25% of the bitcoin the forum generated through ads was intended for mod payments according to a formula. If the formula is correct, the most active moderators earned 0.3% or more per month, each. This was confirmed by Quickseller further down in the thread.

As far as I can tell, the percentage is now higher than 25%. The ad auctions are not bringing in much bitcoin right now and the forum has grown enough to need a lot of mods. My guess is that the mods get nearly all of the forum ad revenue and hosting is paid for out of the forum’s reserves.

Do you really think so? From what I can recall mods get paid around 1000-2000$ a month on a normal basis if they handle a certain portion of reports. I am not sure if this is still the case though. Mods get paid in terms of how many reports they relatively handle. Ref: https://bitcointalksearch.org/topic/m.55717644

OTOH, I came across this: https://bitcointalksearch.org/topic/m.2480445 which basically proves the forum had more than 6000 BTC in funds.

More links regards to mod payments: https://bitcointalksearch.org/topic/m.54889130

GeorgeJohn

hero member

Activity: 1400

Merit: 655

Bitcoin is achievement

I think the only Changes in the forum is the development ,innovation of user via research because new creative things always come in contact in the community everyday, op I know vividly that your emphasising on the site of the community for upgradings and other thing's which involves in the platform but get confused every time concerning the forum.

If I may ask, how does forum generate their finance used to maintain or keep this community active everyday and everytime, because I always confused via the means the controller of forum pay moderators and other people attacked to keep the community moving forward.

Pmalek

legendary

Activity: 2730

Merit: 7065

Farewell, Leo. You will be missed!

Quote from: vintages on March 28, 2021, 06:53:20 PM

I personally hope to one day see a 'follow' feature for users. So it will be easy to follow a user and read on their posts and comments. It's kinda tiring to keep bookmarking users for this feature.

Unless something has changed, such a follow users feature already exists. It was created by LoyceV. Read Follow users on Bitcointalk.org (posts and/or topics) to understand what I am talking about. All you have to do is post the user ID of the user you want to follow in a code tag. You can select to follow their posts and/or the threads they create. It's a pretty neat solution even though it's not an official forum release.

malevolent

legendary

Activity: 3472

Merit: 1721

Quote from: RickDeckard on March 28, 2021, 05:09:01 PM

Quote from: malevolent on March 26, 2021, 06:00:36 PM

@Pharmacist

It's actually >10x as much.

Is this the answer to the question of Pharmacist regarding how much would it take to develop a new forum?

Are you serious? No, I was correcting his and the OP's faulty estimation of the amount of forum funds which are over 10x higher.

https://bitcointalksearch.org/topic/forum-funds-155000 (this link was also posted in the third post of this thread)

vintages

full member

Activity: 966

Merit: 153

Quote from: mindrust on March 26, 2021, 04:00:16 PM

The site is fine. What could you possibly add to this forum anyway? (I mean feature-wise)

I personally hope to one day see a 'follow' feature for users. So it will be easy to follow a user and read on their posts and comments. It's kinda tiring to keep bookmarking users for this feature.

Quote from: eddie13 on March 28, 2021, 07:20:12 AM

125BTC

Quote from: malevolent on March 26, 2021, 06:00:36 PM

It's actually >10x as much.

I had a premonition the other day that some of these funds may be used to take 1st amendment battles to the Supreme Court some day..

Has the forum had any issue in the past that led to court case? Just asking.

Quickseller

copper member

Activity: 2870

Merit: 2298

Quote from: Pmalek on March 28, 2021, 04:34:15 PM

Quote from: The Sceptical Chymist on March 26, 2021, 05:44:31 PM

Someone please correct me if I'm wrong on either of those points.

You are not wrong. According to mexxer-2 post from 2016, a portion of the 25% of the bitcoin the forum generated through ads was intended for mod payments according to a formula. If the formula is correct, the most active moderators earned 0.3% or more per month, each. This was confirmed by Quickseller further down in the thread.

As far as I can tell, the percentage is now higher than 25%. The ad auctions are not bringing in much bitcoin right now and the forum has grown enough to need a lot of mods. My guess is that the mods get nearly all of the forum ad revenue and hosting is paid for out of the forum’s reserves.

RickDeckard

legendary

Activity: 1008

Merit: 3001

Quote from: malevolent on March 26, 2021, 06:00:36 PM

@Pharmacist

It's actually >10x as much.

Is this the answer to the question of Pharmacist regarding how much would it take to develop a new forum?

I do understand that the amount could provide some upgrades to the forum (speaking in layman terms, I don't really know how much work would have to be involved due to the forum activity/reach) but those changes can be an array of options that perhaps would suit more some users than others. I guess the work that would be put into it might not be appreciated by some or even start saying that they would much prefer the forum as it was before ...

I would, however, appreciate any kind of 2FA method to be implemented, just to increase the safety of our accounts. I do know that is hard to implement due to the current forum structure, but one can hope right?

As for the sum itself, I'm sure that we can be sure that this forum longevity will surpass our grand-grand-grand children Wink

Pmalek

legendary

Activity: 2730

Merit: 7065

Farewell, Leo. You will be missed!

Quote from: The Sceptical Chymist on March 26, 2021, 05:44:31 PM

Someone please correct me if I'm wrong on either of those points.

You are not wrong. According to mexxer-2 post from 2016, a portion of the 25% of the bitcoin the forum generated through ads was intended for mod payments according to a formula. If the formula is correct, the most active moderators earned 0.3% or more per month, each. This was confirmed by Quickseller further down in the thread.

Quickseller

copper member

Activity: 2870

Merit: 2298

Quote from: eddie13 on March 28, 2021, 07:20:12 AM

125BTC

Quote from: malevolent on March 26, 2021, 06:00:36 PM

It's actually >10x as much.

I had a premonition the other day that some of these funds may be used to take 1st amendment battles to the Supreme Court some day..

Theymos is not a fan of using the court system, as least as an agressor.

Quote

Maybe after another halving or 2..

I don't think it will take that long. I can see "disinformation" related laws being passed by the current congress that would very much affect how the forum operates.

Laudanum

member

Activity: 224

Merit: 23

What? Much more than 125btc.

Who cares. People donated. This forum helped people many many many people become millionaires and even billionaires.
Lets not be ungrateful.
I don't see those that donated always going on about this.
I see zero need for a new forum.
So long as the forum is always here and has money to run that's all that really matters.

I mean with its current load it can run on a zx81 or something so I guess we dont have to worry lol

I mean if it came out theymos was spending some on fast cars and women or even wasting some on non essentials?

Go invest in some good projects and you'll see 125BTC isn't as unobtainable as you may think.

The forum is running now and forever let's not worry about it
When theymos says he ran out of funds and bct is closing then we can freak out.

eddie13

legendary

Activity: 2296

Merit: 2262

BTC or BUST

125BTC

Quote from: malevolent on March 26, 2021, 06:00:36 PM

It's actually >10x as much.

I had a premonition the other day that some of these funds may be used to take 1st amendment battles to the Supreme Court some day..

Depending on where the way of the world goes, and how strictly theymos/this forum intend to hold on to the fundamental principles of its founding, bitcointalk could end up as a big player in future battles for liberty..

Maybe after another halving or 2..

Either that or this forum is eventually going to have to bow to the authoritarians, or seek safer refuge than the USA..

UserU

hero member

Activity: 2016

Merit: 531

FREE passive income eBook @ tinyurl.com/PIA10

Quote from: The Sceptical Chymist on March 26, 2021, 05:44:31 PM

You said part of that gets paid to the mods, but I thought I also heard that they get paid very little and also that it depends on how much moderating they do. Someone please correct me if I'm wrong on either of those points. But jeez, with 125BTC the forum could afford to pay for a ton of moderators even if it paid well.

And how much does it cost to upgrade the forum, anyway? With bitcoin at $55k or so, you'd think 125BTC would more than cover it (but I won't complain about that either, since I'm kind of a fan of the way the forum is now).

125 BTC is more than enough to sustain the forum for generations to come. Even after Elon has launched his new space programs to cover Uranus and Pluto.

Not to mention that the weekly ad revenue from advertisers and the Copper membership can cover pretty much most of the hosting and domain expenditure, assuming that SMF renewal is not factored in as we've been stuck since 2019.

Sadly we won't know how much the mods get paid since that's part of the NDA. But as one myself, it's way less than a typical clerical job.

Topic: Bitcointalk forum holding 125 BTC - page 2. (Read 996 times)