Post
Topic
Board Altcoin Discussion
Re: Vitalik writes Dear John letter to the Ethereum community...
by
bcdev
on 28/09/2015, 18:27:50 UTC
Quote
Let us start off by providing an overview of the Foundation’s financial situation. Its current holdings are roughly:
200,000 CHF
1,800 BTC
2,700,000 ETH
That's $2,315,000 with today's prices, most of which is in ETH. Assuming that ETH price is stable, it'll last:
Quote
The foundation’s monthly expenditures are currently ~410,000 CHF and starting Oct 1 are projected to fall to 340,000 CHF; a mid-term goal has been placed of 200,000 – 250,000 CHF
Even with 200,000 CHF of monthly expenses the Ethereum Foundation will go bankrupt in 12 months if they don't have any monetization plans.

Do they have any monetization plan?