Topic: What did theymos do with 200K? - page 8. (Read 10985 times)
I worked for a small company and it took a long time to convince my superiors (inc. owner) how much web development costs. They eventually apologized after when they went around me only to find exactly the same figures. $1.5m+ is totally reasonable for a large development like I assume this new site would be.
Theymos, in no way am I doubting you or your ability to manage the forums funds. This is just a little "Thinking out loud".
https://blockchain.info/address/1M4yNbSCwSMFLF9BaLqzoo2to1WHtZrPke
Last two transactions, 350 BTC each, moved. That is a total of $194,000. Hmm, any guesses on where that went?
https://blockchain.info/address/1M4yNbSCwSMFLF9BaLqzoo2to1WHtZrPke
Last two transactions, 350 BTC each, moved. That is a total of $194,000. Hmm, any guesses on where that went?
If theymos is a scammer then we wouldn't have had any hope at all in bitcoin itself.
Lol if Theymos was a scammer, the world would be doomed. I was just wondering what on earth you can do with 194K. Did he go buy a house? Now I know it is because of the new forum but yea...
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
Holding and owning are two different things. The tresurers are basically holding the funds for theymos, they have no right to spend the funds while theymos because he owns the bitcoins can get the funds from the treasurers anytime of his choosing.
Could you please read my post again? Thank you!
You said "privately". How is that private if it is public? He can get or he may get or he might get? It is not 100% sure than the persons who hold it will send to theymos when he asks?
P.S. Another thing, how is theymos owning them? It isn't his money even though he is admin and managing this forum.
-MZ
Since theymos legally own and control the forum and the domain. All the revenue generated and donations in the forum is own privately by theymos. Theymos has every right to spend the forum funds where he wishes to.
Privately? I don't think so! https://bitcointalksearch.org/topic/forum-funds-155000
P.S. @theymos: Could you update the list please? Thank you!
-MZ
Holding and owning are two different things. The tresurers are basically holding the funds for theymos, they have no right to spend the funds while theymos because he owns the bitcoins can get the funds from the treasurers anytime of his choosing.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
Since theymos legally own and control the forum and the domain. All the revenue generated and donations in the forum is own privately by theymos. Theymos has every right to spend the forum funds where he wishes to.
Privately? I don't think so! https://bitcointalksearch.org/topic/forum-funds-155000
P.S. @theymos: Could you update the list please? Thank you!
-MZ
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
How far away do we think the new forum software will be?
Slickage told they are at end. So I think it will be released soon(1-3 months).
It sounds pretty interesting and I am sure it will be great for the forum.
Hopefully, it will except for first few hours or days.
-MZ
Since theymos legally own and control the forum and the domain. All the revenue generated and donations in the forum is own privately by theymos. In theory and laws theymos has every right to spend the forum funds where he wishes to.
How far away do we think the new forum software will be? It sounds pretty interesting and I am sure it will be great for the forum.
I wonder if SMF got any donations for their software here.
Do you mean bitcoin donation ? I do not think they are accepting bitcoin , check their "donation page" here :
- http://www.simplemachines.org/contribute/donate.php
This is the discussion here in the forum :
https://bitcointalksearch.org/topic/can-we-pursue-smf-to-accept-bitcoin-827784
and here in the smf :
http://www.simplemachines.org/community/index.php?topic=403726.0
I wonder if SMF got any donations for their software here.
Do you mean bitcoin donation ? I do not think they are accepting bitcoin , check their "donation page" here :
- http://www.simplemachines.org/contribute/donate.php
This is the discussion here in the forum :
https://bitcointalksearch.org/topic/can-we-pursue-smf-to-accept-bitcoin-827784
and here in the smf :
http://www.simplemachines.org/community/index.php?topic=403726.0
I wonder if SMF got any donations for their software here.
Holy Smokes!! A mil and half dollars for a forum software!!
Since i didn't donate, i don't have a say in the matter, but i feel that this is a bit extravagant. Sure, we want the forum to look good and add a million other features, but spending a mil and a half is a bit over the top imo. Someone said that we need the new forum because we have half a million members, all fine and dandy, but how many alt accounts do we have? The average bct user owns 2-3 accounts and spammers / scammers own even more accounts. Wouldn't it be better to purge accounts that have not been logged into for the past 2 years (with the exception of Satoshi ofc,
)? Also, the concept of multiple accounts should be done away with, why would people need alt accounts? Just to make some additional money off signature campaigns or to sell it? We can do without these alt accounts. Just my 2 satoshi, i don't mean to offend anyone.
In other news today, WB Vod
Since i didn't donate, i don't have a say in the matter, but i feel that this is a bit extravagant. Sure, we want the forum to look good and add a million other features, but spending a mil and a half is a bit over the top imo. Someone said that we need the new forum because we have half a million members, all fine and dandy, but how many alt accounts do we have? The average bct user owns 2-3 accounts and spammers / scammers own even more accounts. Wouldn't it be better to purge accounts that have not been logged into for the past 2 years (with the exception of Satoshi ofc,
)? Also, the concept of multiple accounts should be done away with, why would people need alt accounts? Just to make some additional money off signature campaigns or to sell it? We can do without these alt accounts. Just my 2 satoshi, i don't mean to offend anyone.In other news today, WB Vod
Slickage = unknown startup which doesn't even have a website on its own. 4 developers, $375k per year per developer.
Well played
Well played
Theymos, in no way am I doubting you or your ability to manage the forums funds. This is just a little "Thinking out loud".
https://blockchain.info/address/1M4yNbSCwSMFLF9BaLqzoo2to1WHtZrPke
Last two transactions, 350 BTC each, moved. That is a total of $194,000. Hmm, any guesses on where that went?
https://blockchain.info/address/1M4yNbSCwSMFLF9BaLqzoo2to1WHtZrPke
Last two transactions, 350 BTC each, moved. That is a total of $194,000. Hmm, any guesses on where that went?
If theymos is a scammer then we wouldn't have had any hope at all in bitcoin itself.
What do you mean like eBay? Like an online store? I'm confused, sorry.
I personally enjoy the forum lay out right now, but it would be nice to have a change in scenery. If you look at sites like eBay it would be nice to have some of those features. I'm not surprised that it's going to cost $1.5M for the forum software. In this day and age your online portfolio is as important as the business you conduct off the internet. Target now gets 1/3 of their profits each year from their website. Imagine what that number was like 10 years ago.
Yeah, that's Slickage's $100k monthly fee. The amounts aren't exact, though. I send approximately the correct amount to an intermediate wallet of my own, and then it gets sent to Slickage via Coinbase.
The total cost will probably be around $1.5 million, which is more than I'd hoped, though not entirely unexpected.
The total cost will probably be around $1.5 million, which is more than I'd hoped, though not entirely unexpected.
One way or another it will be a moment to remember, I'm looking forward to the beta release.
When I first contacted Slickage, I stated my budget as $1.5 million. They estimated that only $1 million would be necessary. But the requirements changed in various ways, and (as always) various unexpected issues cropped up.
What sort of issues cropped up, just an example or two would be cool.
I expect that (especially after all this time) most people will be disappointed when the switchover happens because there won't be any major feature improvements over the current forum. My huge list of requirements will be met, but there's nothing groundbreaking in there. Building something (a little more than) feature-equal to SMF (which has been in development for over 10 years) isn't easy. But the new forum software is much more extensible and secure, so any future enhancements should be much easier to do.
There are 4 full-time programmers working on it, plus some additional outside contractors. You might be surprised by the cost if you've never looked into this sort of thing before, but it's actually pretty standard for a group of this size.
What changed in the original master sheet as new proposals were made and were added to the master list.
https://docs.google.com/document/d/1bHlm4NQkSzaBTT5tLIqQBmV92wSsbdOX5r-dRR9Dgg0/
(Can't tell myself since I can't see the last modified date in the google doc)
__
One additional inquiry
Will there be a transition period, or will the migration all occur simultaneously with the shutdown of the old forum and switch over and redirection the new forum.
Jesus Christ that is 50% over budget!
I seriously hope this dorum is going to be slick or it is a 1.5 Million not well spend.
I seriously hope this dorum is going to be slick or it is a 1.5 Million not well spend.
When I first contacted Slickage, I stated my budget as $1.5 million. They estimated that only $1 million would be necessary. But the requirements changed in various ways, and (as always) various unexpected issues cropped up.
The forum must meet your and almost everyone's expectation then. That's quite a large sum of money.
Do you know exactly how many developers are working on the forum?
Do you know exactly how many developers are working on the forum?
I expect that (especially after all this time) most people will be disappointed when the switchover happens because there won't be any major feature improvements over the current forum. My huge list of requirements will be met, but there's nothing groundbreaking in there. Building something (a little more than) feature-equal to SMF (which has been in development for over 10 years) isn't easy. But the new forum software is much more extensible and secure, so any future enhancements should be much easier to do.
There are 4 full-time programmers working on it, plus some additional outside contractors. You might be surprised by the cost if you've never looked into this sort of thing before, but it's actually pretty standard for a group of this size.
And if they can be trusted 110%?
They could easily build in backdoors of which we would only found out about if things already were to go south.
They could easily build in backdoors of which we would only found out about if things already were to go south.
The code is public.
1.5 million is absolute madness. I bet huge corporations don't even pay that much for their website. Also the slickage twitter had only 75 followers as someone else said. I hope I can trust you guys on this one but a forum for 1.5 million when there are free alternatives is quite large...
Huge corporations pay way more for this sort of thing. This isn't just any website. It's a very large and complicated computer program.
Will that software be used only on bitcointalk.org? Or will it be available for other forums either as open-source or paid licences?
It'll be free and open source. MIT license. (Much of the code is already public on github.)
The new forum creation isn't to profit Bitcointalk, we aren't a business, we don't really have much need for money. All funds collected thus far have been for the new forum software. Hosting is now covered by Private Internet Acess, so I can't say that there are many expenses. Thats one of the reasons why new donator tiers were never created, because we didn't need the money, so why collect more? I believe that the forum might be closed source for a period of time after release just to make sure we aren't giving hackers a roadmap to how to cause issues, but then opened up once vetted and 100% secure, however that was something I had heard a long time ago, so that may not be necessary or true. I'm pretty sure it will be free/open source, since that is sort of what we are all about, but I dont think it has been discussed anywhere near this far so at this point its speculation.
We should keep it to ourselves lol. If we are spending 1.5 million I doubt we would want to give it for free or cheap to other people. Also it would make a bunch of clones and we want our forum to be OURS, and no copies anywhere else. I doubt we would be the best forum software in the world though...
If it really is that good it can be sold, not given for free.
Also it could be called "Bitcoin Forums" or something like that and give bitcoin more exposure.
There are several options here, I don't think keeping it for ourselves would be the best one.
Yes, I agree. Wouldn't it be great if the forum could end up making the 1.5 Million back by licensing out the software!
Calling it like BTC Forum Software would add lots of exposure I'm sure, if its really good, but it won't really have that much volume if it is sold as a good price.
Not for 1.5 Million. But, if you get 10 sales at 150K, you are at the same difference. And calling it the Bitcoin Forum would give bitcoin lots of exposure.
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