Author

Topic: New forum - Will it use all funds? (Read 843 times)

legendary
Activity: 1522
Merit: 1000
www.bitkong.com
June 08, 2014, 12:57:58 PM
#7
I don't think they can over spend seeing as they wouldn't have the funds available.
legendary
Activity: 858
Merit: 1000
June 05, 2014, 07:46:29 PM
#6
I bet they will use a lot, it is going to cost a lot to make a brand new Forum Software, plus it is going to be open source so everybody can use it, I doubt they are going to be skimpy about it. Then again, with over 1 Million in donations, there is bound to be some left over.

EDIT: Typos
hero member
Activity: 633
Merit: 500
May 28, 2014, 05:38:04 PM
#5
Will the new forum use exactly the amount that was raised? Or more or less?

The new forum software will cost about 1 million USD.
https://bitcointalksearch.org/topic/m.5069851


On the other hand, there are about 6800 btc in the forum fund.
https://bitcointalksearch.org/topic/forum-funds-155000
legendary
Activity: 882
Merit: 1000
May 28, 2014, 05:28:36 PM
#4
When they first put up the bounty, BTC was around $2-5. $20-$50k for custom forum software was pretty reasonable. But as it hit $1000 / per coin, $10MM for it just got a bit excessive.

But it's a bounty, it was set. It'd be the same as scamming if they were to change the the deal.
legendary
Activity: 2212
Merit: 1199
May 28, 2014, 05:18:30 PM
#3
Will the new forum use exactly the amount that was raised? Or more or less?

you can read this thread
https://bitcointalksearch.org/topic/just-cannot-believe-the-price-571818

and that message :

https://bitcointalksearch.org/topic/m.5069851

hero member
Activity: 812
Merit: 1000
I <3 VW Beetles
May 28, 2014, 05:03:51 PM
#2
I'm sure they'll use whatever they need sir. Which will probably mean more than normally needed.
hero member
Activity: 616
Merit: 500
Crypto Knight
May 28, 2014, 04:49:03 PM
#1
Will the new forum use exactly the amount that was raised? Or more or less?
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