The rising Bitcoin prices are making running the campaign at these rates unsustainable. As I'm certain that almost nobody wants their payment to be pegged in USD, I have avoided going down that path and have made/will continue to make manual adjustments. These changes are effective immediately. The new payment rates are as follows:
Member: 0.0035 BTC -> 0.002 BTC.
Full Member: 0.007 BTC -> 0.004 BTC.
Senior Member: 0.014 BTC -> 0.01 BTC.
Hero/Legendary Member: 0.021 BTC -> 0.015 BTC.
While this may seem like a drastic change in terms of the BTC rate, our campaign participants have been earning a huge amount more than what they initially signed up for. I've spent some time in order to calculate and visualize this:
Even after the drastic change in BTC rates, our campaign members from the first two slots will continue to earn ~80% more and from the latter two slots a staggering ~140% more[1] than what they earned after the first week of the campaign. There will be more rate changes depending on how severely the BTC price changes. In case of a stronger crash (which I find very unlikely), the rates are likely going to be returned to increase to rates similar to those before.
I hope that everyone understands. If you do not find this change acceptable, you can leave the campaign right now as your post count has been noted and review has begun. Please notify me via PM if you are leaving.
[1] This assumes that the price is >= the current price at time of payment (see chart for details).
The rate changes have their own sheet: https://docs.google.com/spreadsheets/d/1h1ueoDlgNgEmf7L3Ad3b8AKcKm2jiIhCRYrcxKk4vME/edit#gid=521311846.
~D
Update 1: Fixed some bad Math.
Update 2: Payments for Week 10 have been released: https://blockchain.info/tx/bce8b3be73eee4c940de6c99eb990cf246280881a26eb80a5ca42236c6101cab.
Member: 0.0035 BTC -> 0.002 BTC.
Full Member: 0.007 BTC -> 0.004 BTC.
Senior Member: 0.014 BTC -> 0.01 BTC.
Hero/Legendary Member: 0.021 BTC -> 0.015 BTC.
While this may seem like a drastic change in terms of the BTC rate, our campaign participants have been earning a huge amount more than what they initially signed up for. I've spent some time in order to calculate and visualize this:
Even after the drastic change in BTC rates, our campaign members from the first two slots will continue to earn ~80% more and from the latter two slots a staggering ~140% more[1] than what they earned after the first week of the campaign. There will be more rate changes depending on how severely the BTC price changes. In case of a stronger crash (which I find very unlikely), the rates are likely going to be returned to increase to rates similar to those before.
I hope that everyone understands. If you do not find this change acceptable, you can leave the campaign right now as your post count has been noted and review has begun. Please notify me via PM if you are leaving.
[1] This assumes that the price is >= the current price at time of payment (see chart for details).
The rate changes have their own sheet: https://docs.google.com/spreadsheets/d/1h1ueoDlgNgEmf7L3Ad3b8AKcKm2jiIhCRYrcxKk4vME/edit#gid=521311846.
~D
Update 1: Fixed some bad Math.
Update 2: Payments for Week 10 have been released: https://blockchain.info/tx/bce8b3be73eee4c940de6c99eb990cf246280881a26eb80a5ca42236c6101cab.