Topic: Looking for people to store some of the forum's money - page 3. (Read 35711 times)

I may consider doing this but face some issues

[1] Have not been member of forum long enough
[2] Don't know if comfortable holding over 100 btc, while I have very secure robust methods, the price has gone up, and I would rather see more holders of smaller amounts say 100, as this would make it more distributed and less than one point of failure. Competing with that is finding enough trust worthy people.
[3] I would have thought full reserve would be required as it would be hard to re-insure against an evaluation eg the recent run up to 600, it would be much more sercure to allow a fixed storage and handling charge
[4] I think an even mix of known and anon trustees would be the best way to ensure distributed and no single point of failure.
[5] I can however look at the contract(s) and maybe make some commentary.
[6] Have a mix of single sig and multi sig accounts. Probably no more than 2 sigs per account as people disappearing or un-contactable could lock up vast amounts of btc

In relation to [5] some comments for example on the "agreement"


I'm not sure an agreement can have any force where it is non-legal, I think you know this, but what you may mean to say is


also where ever the server resides the courts would probably declare that their jurisdiction is in force. (courts don't like privative clauses and love to enlarge their jurisdiction) but what courts will almost always enforce is where the parties have agreed to alternate dispute resolution first, and would not allow the matter to go to court until that process is exhausted your disputes part probably serves this well but I have not had time to analyze this yet. Further there could be a form of estoppel that arises if you draft it right to stop parties going to court. Alternatively you could define a jurisdiction that prevails. Sometimes where the agreement is made determines jurisdiction, that may be the place where the receiving address resides.

further to say

"agreement is intended to be enforced in a ... non-legal way by the community." could be read you intend to enforce it in an illegal (unlawful) way

a better wording would be


you could then go on to outline a specific process of alternative dispute resolution

so all together perhaps the wording would be


this gets a bit tautological, and its not perfect but it's all I have time for right now

Doesn't look like it: https://bitcointalksearch.org/topic/forum-funds-155000 (thread locked, hence in the following format)

Yikes, that's a little scary.


Even more scary, was tradefortress a treasurer?



yikes

I'd be willing.
I would assume that my standing in this community is somewhat good.

I run a profitable business (bitcoincommodities) which has moved ~2mio€ this year without one single customer complaint.
I am positive that many well-connected members would vouch for my integrity.

The paper wallet would be deposited in the safety deposit box of my bank.
I would adjust insurance yearly.

Should I ever be asked to release the money, all costs incurred (denominated in EUR) and a fee of 1%year (denominated in BTC) would be deducted.

Fyi, someone tried to *compromise* my treasurer address today. Not sure how they planed to pull it off, considering it's in an offline wallet in a secure location, but they claimed they did. They did find my Social Security number (which is semi-public anyway), compromised an old email of mine I forgot I had, which I deleted, and tried to change my Yahoo and Amazon passwords, which they failed to completely take over (change password confirmation emails went to a different address), but the coins are still safe. Next I'll be worried about my extremeties 

Are you planning a transition out of Admin?

I thought you had already picked a group of people to act as Treasurers and Trustees etc... for this purpose.

Not that I want to do it, I don't. Not worth the headaches.

Good Luck tho... knock on wood.

I still don't fully get this treasurer stuff but perhaps I'm eligible, as I'm running coinbr.com since October without major problems. It is profitable and holding several thousand BTC worth of assets. Will PM proof as necessary.

@theymos, my offer (post #237) still stands.

me @ 2011 member, but I dont have any trustworthy services yet.

I run CoinLenders which currently has 3000 BTC less than what BTC it had during it's peak. BTCINVEST's performance speaks for itself.

Full reserve would be 0.5% yearly.

psssst.

I'm not a Dread Pirate Roberts, but would you like a Chuck Norris?

Nevermind then.

More info: I want to stop holding any money for the forum at all. So I need to get treasurers for 3293+ BTC. I prefer candidates who:
- Have been in the community for a long time. (This is difficult/expensive to replace.)
- Run a profitable service, especially one that requires a lot of trust.
- Have previously been entrusted with more money than what they'll hold for the forum.

It may be somewhat helpful for you to give me your personal info. If you do, we could perhaps do a legal contract in addition to the standard non-legal contract. However, I prefer to rely mainly on incentives and reputation. A completely anonymous treasurer would be OK in some cases. Dread Pirate Roberts would be perfect.


Between 0 and 1% yearly.

Your signature doesn't work for me.

Assuming you were completely anonymous (though you may not be), what would you have to lose by stealing the forum's money? I've seen you around a lot, and you're a long-term member, but you don't seem to be operating any high-trust, profitable services.

What are the treasurers charging for this service?

I can reserve up to this amount (not that I'll be touching any of the cold stored BTC):
https://blockchain.info/address/1D58NtxrZF4iUnGAFojnqNpPuGi9rrcyVf

---Start Bitcoin signed message---
BTC controlled by:
TheButterZone
pgp.thebutterzone.com
6-25-13
---End Bitcoin signed message---
Signature: G1ZJmy8FSQz/BgIng/NKbG9IIvFI2V6m0jyHvF6r/fu3dADpMdbO4Yo4MzSemd5oeKelpXF1nqJ56fN5xz1uZSw=

More treasurers are needed.

For some very strange values of "safe", maybe.  It's possible that the majority of money invested in Just-Dice.com will be won by players.  The 1% edge is in the investor's favour, but it's certainly not a guarantee.  We had a great first 4 days.  Don't expect to win 4 times the mathematically expected amount every week!  I'm sure we'll have losing weeks.  Hell, SatoshiDice has losing MONTHS sometimes!

Send the forum's money to just-dice.com

It is operated by dooglus, and so far it has about 7000 BTC "invested" in it. The more players gamble and lose, the higher the returns to the "investors". The site is up about 200 BTC with over 2 million bets already, about less than half of S.Dice within it's first week of operation.

This way, the forum's money can "grow".

Actually, theymos can do this himself if he is holding the funds. Create an account there, activate 2 factor authentication using google authenticator, and it's safe.

one word: karma.
 

Does the orange make your posts go faster? 

(Car joke)

Since Jan/Feb if I'm not wrong this year. I might consider removing it next month when the agreement I have with them is over though now that you've pointed this out.