Quote from: nutildah on Today at 08:52:09 AM

Might as well do it before all the forum BTC runs out after paying it to the people who are watching the forum BTC...

wait what

I stopped watching the treasury after I got shit canned by theymos. One of or possibly the last comment I made about it was that I felt myself and others were significantly overpaid and suggested we take an 80% reduction in treasurer payouts in order to keep the forum's cash flow responsible. What do I know though... I was the guy who thought the forum wanted a few million extra dollars by claiming airdrops and was then vilified for it. I assume that the financial situation is still fine, but it seems rather obvious that the whole 1 BTC equals 1 BTC standard that is being attempted here is at the detriment of the forum's savings.

I think reducing the treasurer payouts and using some of those funds to distribute to those sending merit (not just merit sources) via the lightning network would be a positive advancement for the site, would give a use case for the lightning network, and would spur lightning adoption among forum users. I think the payouts should be so small and widespread that it would be considered hobby income or donations to avoid having to collect personal information on everyone while also not giving much incentive to try and cheat the system. Maybe more merit sources would want to step forward and the merits currently being distributed to merit sources could be reduced and spread out to more longtime trustworthy members as well. Would be fun.

Quote from: OgNasty on April 12, 2021, 10:49:25 PM

Quote from: Quickseller on April 12, 2021, 10:25:18 PM

The 0.325BTC amount is for the entire month, and does not appear to pay all the forum's expenses. As I noted, the forum spent 56% of that on mod payments, and Loyce noted the forum accrued a liability to pay the treasurers 77% that. That means the forum spent 133% of ad revenue on expenses before hosting costs, which I imagine to be four figures /USD per month.

With the much higher Bitcoin exchange rate this year, I believe it would be making an assumption to think the BTC payment to treasurers would remain the same going forward. I find it a bit unlikely that this would be the case. I would even go as far as to propose an 80% reduction in the BTC amount paid to treasurers going forward and think that could be done by theymos without anyone involved having an issue.