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Re: Bitcointalk forum holding 125 BTC
by
Welsh
on 13/04/2021, 13:57:34 UTC
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.
Theymos has a history of wanting to keep transactions denominated in terms of bitcoin, rather than USD. He kept your treasurer agreement in place for years after the bitcoin price made the fee excessive. Theymos also cannot unilaterally change the terms of the treasurer agreement. If he wanted to reduce the fee paid to treasurers, he would need to get the treasurers to agree to a new rate, and risk that some may not agree, and be left with fewer treasurers
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I'm sure most would understand adjusting the new rate, and if they aren't then I'm sure adequate replacements could be sought after. Although, theymos has stuck with Bitcoin denominations rather than USD, it might be time to consider tying it to something which is a little less volatile. I'm not sure the best approach to be honest, but I'm sure there will come a time where an adjustment will be made.