Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address”
https://bitcointalk.org/index.php?topic=7914.msg116229#msg116229
It seems JR said in 2011 he would quit his day job and concentrate on his own project if BTC reaches 1000.
That is today.
It seems JR said in 2011 he would quit his day job and concentrate on his own project if BTC reaches 1000.
That is today.
He also said he'd quit if Mastercoin could provide his family with $564.6K. What of it JR? Let's do it. That amounts to less than 1/10th of the Mastercoin bank today. Good deal for your wife, good deal for you, good deal for Mastercoiners.
The number is $564,600 (the project is currently at 2439 BTC x $118@coinbase = $287,802, leaving us short of that mark by $276,798 = 2346 BTC). Nearly doubling the project fund does seem like a pretty big stretch in just the next couple days, even if we get some big investments from bitangels. However there are a couple ways we might still get there, which I'll get to later.
[...]
To avoid risk of a bitcoin crash, we would plan to take large chunks of salary in advance (exact amounts to be determined, with amounts largely driven by resulting tax liabilities)
Total yearly cost: + + = $177k
Three-year cost = 177*3 = $531k
In addition, I promised her the following items would be paid for out of project funds
Desk rental at a co-working space, estimated at $350/month ($4200/year)
Daily transportation costs (Cozi funds my Orca card at about $8 per round trip = $2000/year)
All travel expenses, including bringing family along if desired, estimated at $5000/year for attending two conferences
Yearly estimate = 4.2 + 2 + 5 = $11.2k
3-year estimate = 11.2*3 = $33.6k
Total for 3 years: 531 + 33.6 = $564.6k
[...]
To avoid risk of a bitcoin crash, we would plan to take large chunks of salary in advance (exact amounts to be determined, with amounts largely driven by resulting tax liabilities)
Total yearly cost: + + = $177k
Three-year cost = 177*3 = $531k
In addition, I promised her the following items would be paid for out of project funds
Desk rental at a co-working space, estimated at $350/month ($4200/year)
Daily transportation costs (Cozi funds my Orca card at about $8 per round trip = $2000/year)
All travel expenses, including bringing family along if desired, estimated at $5000/year for attending two conferences
Yearly estimate = 4.2 + 2 + 5 = $11.2k
3-year estimate = 11.2*3 = $33.6k
Total for 3 years: 531 + 33.6 = $564.6k