I am new to this whole Treasurer thing. Before reading parts of the thread I had no idea Treasurers existed.
Why on earth would that be the case? Why would multisigs be required if these are donations?
They have existed since 2013 and are there to increase the bus factor, ie. should theymos get hit by a bus, find himself robbed of the bitcoins, or should the money disappear in other ways, there are still treasurers holding a significant sum.
BTW, most of the money isn't from donations which have long since been spent on the development of new forum software (epochtalk), but from ad revenue.
Thank you for the post. It makes more sense now.