What did theymos do with 200K? - page 9.

KaChingCoinDev

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Quote from: funtotry on March 09, 2015, 07:39:18 PM

Quote from: KaChingCoinDev on March 09, 2015, 07:34:47 PM

Quote from: EcuaMobi on March 09, 2015, 07:33:30 PM

Quote from: funtotry on March 09, 2015, 07:25:33 PM

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!

Doubt anyone would buy ANY piece of code for 1.5 million dollars, but custom code jobs are a different story. Well, if the code broke sha256 I bet it would not be sold for as little as 1.5 million lol
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.

funtotry

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Quote from: KaChingCoinDev on March 09, 2015, 07:34:47 PM

Quote from: EcuaMobi on March 09, 2015, 07:33:30 PM

Quote from: funtotry on March 09, 2015, 07:25:33 PM

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!

Doubt anyone would buy ANY piece of code for 1.5 million dollars, but custom code jobs are a different story. Well, if the code broke sha256 I bet it would not be sold for as little as 1.5 million lol
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.

KaChingCoinDev

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Quote from: EcuaMobi on March 09, 2015, 07:33:30 PM

Quote from: funtotry on March 09, 2015, 07:25:33 PM

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!

EcuaMobi

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Quote from: funtotry on March 09, 2015, 07:25:33 PM

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.

RedhatCAT

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Quote from: funtotry on March 09, 2015, 07:14:31 PM

Quote from: RedhatCAT on March 09, 2015, 07:11:02 PM

Quote from: funtotry on March 09, 2015, 07:05:10 PM

Yes of course but maybe this money could go towards philantrophy or something worthwile to the community. I agree that maybe the money would just be sitting there, but 1.5 million for a forum software is absolute madness. All free or cheap forum software is 100% tested and is definitely enough to handle load. SMF is free (just checked there site and its a free download) and look how well it is holding up now. So hire some designer for at most a couple thousand dollars, and hire someone to do some features and there you have it a good forum.

The donations were specifically for a new forum/new forum software. This was something that theymos explicitly said he was going to use the donated money for. After the $1.5 million is spent and the new forum is complete then the forum will still have a lot of money left over that is specifically earmarked for new forum software, due in part to the fact that the price of bitcoin has appreciated so much since most of the bitcoin was donated.

True, I was never really interested in sending over 3 thousand dollars to a forum (10 btc), so I never read the donation page. If he did say that he would use the funds for the forum software then yea I think its a good idea then. Still, hard to get over the fact that a new forum costs 1.5 million dollars.

If you are not aware of the facts then you probably are not qualified to be making comments about the question at hand.

Quote from: theymos on September 11, 2011, 09:35:37 PM

Quote from: RandyFolds on September 11, 2011, 09:08:59 PM

Haha...suckers donated to people who sold the forum withing a couple weeks...

The forum wasn't sold (or given away). Past and future donated funds will be used to pay people to develop the forum software.

A million dollars (or even two million dollars) is really not a lot of money to be spending to build a piece of software that is used for a half million people, many of which conduct a lot of business on

BCwinning

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Quote from: SaltySpitoon on March 09, 2015, 06:03:28 PM

Quote from: BCwinning on March 09, 2015, 05:57:33 PM

man are they reinventing the wheel? This forum (SMF) is free to use, why the hell would anyone spend that much money on new forum code? Why not donate it to smf and work with the devs there to make it better?
Obviously it has held up quite well for the last 5 years too; which seems like a pretty good testament to the code.

Yes, we are creating a completely new forum software to compete with SMF. SMF has a lot of issues, it just isn't suitable for our needs. As far as how much money it costs, I hope that it will be well worth it, but frankly, creating new forum software is pretty much the only thing that the donated coins are to be used for. What else do we need? Might as well go all out.

1.5 mill would go a long way in fixing those issues. let alone a rewrite I'm sure but it isn't my money just saying.

funtotry

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Quote from: EcuaMobi on March 09, 2015, 07:21:01 PM

Quote from: SaltySpitoon on March 09, 2015, 06:45:10 PM

Quote from: funtotry on March 09, 2015, 06:33:57 PM

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...

But the problem is that the free alternatives are bad. Bitcointalk has nearly a half a million users, it needs something much more robust. The development hours that Theymos spends creating new features for the forum at the moment is an uphill battle, as he not only has to create the features, but also contend with issues in the current SMF based forum software. I agree $1.5m is a lot of money, but this could potentially become a staple in forum software everywhere. Being able to say that Bitcoin created the world's best forum software would be really cool. The only reason the forum was really holding any money at all, was to create a new forum. If Theymos had only spent $50, the rest of it would just be sitting there. Why not make the best forum software possible, since the entire budget is already allocated just for that purpose. And that doesn't mean spending money frivilously, that means creating the best forum with all of the functionality that will really help everyone out.

Saying Bitcoin created the world's best forum software would indeed be really cool!

Will that software be used only on bitcointalk.org? Or will it be available for other forums either as open-source or paid licences?

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...

EcuaMobi

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Quote from: SaltySpitoon on March 09, 2015, 06:45:10 PM

Quote from: funtotry on March 09, 2015, 06:33:57 PM

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...

But the problem is that the free alternatives are bad. Bitcointalk has nearly a half a million users, it needs something much more robust. The development hours that Theymos spends creating new features for the forum at the moment is an uphill battle, as he not only has to create the features, but also contend with issues in the current SMF based forum software. I agree $1.5m is a lot of money, but this could potentially become a staple in forum software everywhere. Being able to say that Bitcoin created the world's best forum software would be really cool. The only reason the forum was really holding any money at all, was to create a new forum. If Theymos had only spent $50, the rest of it would just be sitting there. Why not make the best forum software possible, since the entire budget is already allocated just for that purpose. And that doesn't mean spending money frivilously, that means creating the best forum with all of the functionality that will really help everyone out.

Saying Bitcoin created the world's best forum software would indeed be really cool!

Will that software be used only on bitcointalk.org? Or will it be available for other forums either as open-source or paid licences?

funtotry

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Quote from: RedhatCAT on March 09, 2015, 07:11:02 PM

Quote from: funtotry on March 09, 2015, 07:05:10 PM

Yes of course but maybe this money could go towards philantrophy or something worthwile to the community. I agree that maybe the money would just be sitting there, but 1.5 million for a forum software is absolute madness. All free or cheap forum software is 100% tested and is definitely enough to handle load. SMF is free (just checked there site and its a free download) and look how well it is holding up now. So hire some designer for at most a couple thousand dollars, and hire someone to do some features and there you have it a good forum.

The donations were specifically for a new forum/new forum software. This was something that theymos explicitly said he was going to use the donated money for. After the $1.5 million is spent and the new forum is complete then the forum will still have a lot of money left over that is specifically earmarked for new forum software, due in part to the fact that the price of bitcoin has appreciated so much since most of the bitcoin was donated.

True, I was never really interested in sending over 3 thousand dollars to a forum (10 btc), so I never read the donation page. If he did say that he would use the funds for the forum software then yea I think its a good idea then. Still, hard to get over the fact that a new forum costs 1.5 million dollars.

RedhatCAT

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Quote from: funtotry on March 09, 2015, 07:05:10 PM

Yes of course but maybe this money could go towards philantrophy or something worthwile to the community. I agree that maybe the money would just be sitting there, but 1.5 million for a forum software is absolute madness. All free or cheap forum software is 100% tested and is definitely enough to handle load. SMF is free (just checked there site and its a free download) and look how well it is holding up now. So hire some designer for at most a couple thousand dollars, and hire someone to do some features and there you have it a good forum.

The donations were specifically for a new forum/new forum software. This was something that theymos explicitly said he was going to use the donated money for. After the $1.5 million is spent and the new forum is complete then the forum will still have a lot of money left over that is specifically earmarked for new forum software, due in part to the fact that the price of bitcoin has appreciated so much since most of the bitcoin was donated.

funtotry

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Yes of course but maybe this money could go towards philantrophy or something worthwile to the community. I agree that maybe the money would just be sitting there, but 1.5 million for a forum software is absolute madness. All free or cheap forum software is 100% tested and is definitely enough to handle load. SMF is free (just checked there site and its a free download) and look how well it is holding up now. So hire some designer for at most a couple thousand dollars, and hire someone to do some features and there you have it a good forum.

SaltySpitoon

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Quote from: funtotry on March 09, 2015, 06:33:57 PM

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...

But the problem is that the free alternatives are bad. Bitcointalk has nearly a half a million users, it needs something much more robust. The development hours that Theymos spends creating new features for the forum at the moment is an uphill battle, as he not only has to create the features, but also contend with issues in the current SMF based forum software. I agree $1.5m is a lot of money, but this could potentially become a staple in forum software everywhere. Being able to say that Bitcoin created the world's best forum software would be really cool. The only reason the forum was really holding any money at all, was to create a new forum. If Theymos had only spent $50, the rest of it would just be sitting there. Why not make the best forum software possible, since the entire budget is already allocated just for that purpose. And that doesn't mean spending money frivilously, that means creating the best forum with all of the functionality that will really help everyone out.

funtotry

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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...

bitkilo

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Can't wait for the new forum if $1.5 million is the price it costs to build.

Just curious, how much did this current forum cost to set up and keep running?

MAsterV

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is it this??

https://github.com/epochtalk/epochtalk

SaltySpitoon

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Quote from: Wardrick on March 09, 2015, 06:05:08 PM

I did a little bit of research on Slickage and I wasn't able to find much of anything. Does anyone have any details on this company or how they managed to land such a large job without having and PR or advertising (at least from what I could find)? I see they're based out of Hawaii and they have a twitter page and a github account. The twitter page only has about 75 followers. They also have a website but all it does is link to their Twitter and Github accounts. I'm curious how they were able to get this job.

They were recommended by Warren, the developer of Litecoin iirc.

Quote from: kuusj98 on March 09, 2015, 05:21:27 PM

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.

I mean, I won't question your judgement but are you really sure they can be trusted?

And its all open source.

Wardrick

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I did a little bit of research on Slickage and I wasn't able to find much of anything. Does anyone have any details on this company or how they managed to land such a large job without having and PR or advertising (at least from what I could find)? I see they're based out of Hawaii and they have a twitter page and a github account. The twitter page only has about 75 followers. They also have a website but all it does is link to their Twitter and Github accounts. I'm curious how they were able to get this job.

SaltySpitoon

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Quote from: BCwinning on March 09, 2015, 05:57:33 PM

man are they reinventing the wheel? This forum (SMF) is free to use, why the hell would anyone spend that much money on new forum code? Why not donate it to smf and work with the devs there to make it better?
Obviously it has held up quite well for the last 5 years too; which seems like a pretty good testament to the code.

Yes, we are creating a completely new forum software to compete with SMF. SMF has a lot of issues, it just isn't suitable for our needs. As far as how much money it costs, I hope that it will be well worth it, but frankly, creating new forum software is pretty much the only thing that the donated coins are to be used for. What else do we need? Might as well go all out.

BCwinning

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Quote from: Quickseller on March 09, 2015, 12:59:01 PM

Quote from: KaChingCoinDev on March 09, 2015, 12:56:37 PM

Quote from: Quickseller on March 09, 2015, 12:56:00 PM

He was most likely using those funds to pay slickage, the company that is designing the new forum.

That was my first guess. But 200K for a website? Holy Crap, this is going to be amazing Shocked

the total price is actually around a million dollars although generally speaking these kinds of projects tend to run over budget.

man are they reinventing the wheel? This forum (SMF) is free to use, why the hell would anyone spend that much money on new forum code? Why not donate it to smf and work with the devs there to make it better?
Obviously it has held up quite well for the last 5 years too; which seems like a pretty good testament to the code.

MAsterV

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Quote from: theymos on March 09, 2015, 02:57:00 PM

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.

OMG OMG 100K MONTHLY FEE

TOTAL COST OF 1.5 MILLION...

is it like some next generation stuff...

Topic: What did theymos do with 200K? - page 9. (Read 10985 times)