Done. I've been thinking about this for a long time, and I started working on it in earnest last month.
I very much appreciate OgNasty's willingness to perform this high-risk role for years! Returning 500 BTC is a more trustworthy action than most people will ever do.
I think the current BTC0.5-per-month fee is ridiculously high and having 7 treasurers wouldn't require paying each one a similar fee.
I came to 1.2% yearly by looking at gold storage companies and commodity ETF/ETN fees. GBTC for example charges
2% per year, plus a significant premium, etc. Some past treasurers were paid about the same rate, BTW -- it wasn't just OgNasty. It
should be BTC-denominated, since their risk and responsibility varies with the value of what they're protecting. In a multisig any fee should be split several ways, though, not multiplied.
Nowadays the fee should maybe be a little lower, since the ecosystem is more developed/competitive. But mere hundreds of dollars per year for what OgNasty was doing? Anyone who would accept that is either willing to act as an unpaid volunteer, essentially, or they aren't properly considering the risks.
Is there an overview of past returns from treasurers? I know one was lost, but I don't know how the others did. I'm curious if it's been worth having treasurers over just Admin keeping the funds.
paraipan was the only loss. Past treasurers John K., Garr255, Ian Knowles, Rassah, Ryland R Taylor-Almanza, and now OgNasty all returned the funds with which they were entrusted.