Topic: Refund of Donations (Read 2618 times)

nearly 40k, damn...

This is the dumbest thread I've ever seen in Meta.

Refund of Donations is not something I would ever expect, and the idea of a lawsuit is silly, imo.

So, where are the answers? The promised announcement? The financial statement of 2013?

BWAHAHAHAHAHAHAHAHAHAHA

AHAHAHAHAHA

Although until recently theymos hadn't spent anything on a new version of the forum, he most certainly has spent bitcoins on "forum software development". Theymos could technically bill the time he has spent making mods for this forum against the donated funds. This is in addition to the security updates (such as the password system update) and bounties that we have farmed out. So, even without a new forum, donated bitcoins have been continuously spent on improving the forum.

Not the account just the tag. 
EDIT You can sell the accounts now. It's not prohibited.

Yes for new donators.  But theymos could certainly allow the private sale and transfer of them, maybe with a transfer fee.  Perhaps someone wants to quit bitcoin or this forum because they are dissatisfied or maybe they have an emergency and this would give them some much needed funds.  Why not let them sell?  Although I suspect that for all the bitching and moaning no Donator / VIP is willing to sell his/her tag at a discount which means that even without the new software they place a high value on it. 

Already answered that.  Nice redirect btw.  Clearly this has nothing to do with XBT being worth much more now.  It's obvious it's just the principles of truth and justice for you here. 

It worth 50 BTC. Deal?

No.  How much was 50BTC worth when you donated it?  I might be willing to pay that amount or maybe more then that to give you a nice profit.

You mean sell the account? Fine, I do for 50 BTC for you. Deal?

Why not allow the sale and transfer of Donator / VIP tags so people who are dissatisfied can sell them?

It is fine, thank you for the interest.

*Cough cough* keep in mind Theymos gave the donator's section a bit of information that was a piece of the whole that was to be made public on Monday. I'd assume you will get your evidence on Monday.

How is your evening?

d00d, cut the chit chat. Where is the evidence to back up your claims?

No, d00d, no! The remedy is to reimburse the exactly amount to every donator/VIP under request. The donations were provided to you improve the forum, not you donate money to other charities. Donation of donated funds are not going to remedy the situation.

LoL.

If the forum is not a bank, why did you not spent the funds? You literally used the funds to speculate against a potential increase of the BTC value. You have been babbling about that in the last few days. You collected donations and literally behaved like a bank, but of course, only for your own gain. This is charity fraud in case you do not know. You cannot just collect donations for a cause, refuse to spend the donations for the cause, and then later babble that "the forum is not a bank that holds money for years". That is exactly what you are doing, d00d! You have been retaining the funds as speculative financial instrument to generate profits.

I cannot conceive of any case in which I would return donations. The forum is not a bank that holds money for years before returning it (after a substantial value increase).

After the forum software project is taken care of and I'm sure that the money is really not needed, I may allow donators to assign their donation to some Bitcoin-accepting non-profit organization. If I do this, it will only be possible for a one-time period of a few months. Otherwise, donated funds would be worthless because donators could at any time remove their donations from the forum's control.


First: Where did I say that I would use all of the donated funds for any particular project? When you donated, the Donate page said something like, "Donations will mostly be used for forum software development." The Donate topic made no mention of forum software. At various points I said things like "I intend to get forum software created soon," which was true at the time, but I never said that I definitely would do it soon.

Second: I am using the money for forum software development, so your complaint is ridiculous. It is not ridiculous (though IMO incorrect) to criticize exactly how I'm spending forum money toward achieving this goal, but you donated knowing that I alone was responsible for managing donated funds without any oversight except such oversight that I create. The Donate page has always said, "Donated funds are managed by theymos."

I admit that it was never particularly my plan to wait years before spending donated funds (though my belief in Bitcoin's long-term value influenced my conservative spending), but this ended up creating loads of money for the forum, so I don't feel too bad about it.

You have a Donator section and a special icon. The details of the Donator section were never specified. In fact, I always phrased these perks like this: "If you become a Donator/VIP, then you get access to these perks." Notice that I do not promise that the perks will last forever; only that you will, for a time, receive them.

I hope you are not right, but I suppose we will see. I don't have the highest expectations at the moment, but at the same time, we have very few details, so I'm mostly withholding judgement until there is more information to work with.

I didn't say Theymos wasn't competent a year ago, I was using that as an example to say that Theymos has been holding out for an opportunity at better forum software from a competant firm. Perhaps he has finally found one. There was never any promise that there would be new forum software in 2011, 2012, 2013, 2014, or 2025. He just said that he was going to collect donations and place ads to collect money for hosting expenses and forum upgrades. He is now spending money on forum upgrades. Just because you disagree with his time frame choice doesn't mean he wasn't within his right both legally and morally to have waited until now for a good opportunity to get the forum upgraded.