Looking for people to store some of the forum's money

[theymos]

I'm going to start sending BTC to the treasurers. Here are the treasurers I've chosen and the BTC amount that I'm willing to store with them:

1000 casascius
1000 John
750 Meni Rosenfeld
750 Rassah
750 eleuthria
500 DeathAndTaxes
500 OgNasty
250 CIYAM Open
250 Ryland R. Taylor-Almanza
250 paraipan
250 Garr255

This accounts for more BTC than the forum currently has, so if all treasurers are still interested in holding the BTC, not all of them will have to do so right away.

Here is the final contract. I added an "outlawry" sentence. The initial list of community council members is too small, but that's something I'll have to fix later.

This is a non-legal agreement between The Bitcoin Forum ("Forum") and ___ ("Treasurer"). This agreement is intended to be enforced in a non-violent, non-legal way by the community.

Held Amount: ___
Monthly Fee: ___
Deposit address: ___

TREASURER OBLIGATIONS

After the treasurer receives the Held Amount of bitcoins, the treasurer owes the Forum the held bitcoins and must keep the entire amount safe at a particular address, never transferring them except:

  Transactions

After the head administrator requests that the treasurer send the held bitcoins somewhere, the treasurer must send the bitcoins as directed within 14 days.

Exception: 1 trustee or 3 members of the community council may order the treasurer to temporarily stop all payments. After such an order, the treasurer must not obey administrator transaction requests until the order is reversed by those same trustees or community council members, or until the trustees or community council members are removed.

The treasurer *should* delay transactions as long as possible if the administrator is believed to be compromised, under duress, or acting against the best interests of the Forum.

  Treasurer wrap-up

The treasurer may always send the entire held bitcoins amount to any trustee in order to end his obligations in this agreement. He then must also return any fees that were paid in advance.

FORUM OBLIGATIONS

The forum must pay the Monthly Fee by the first of every month when it is due. These fees may be paid in advance. If the forum is late in paying, the treasurer may take fees out of the held amount. If the held amount is not enough to cover the monthly fee, the contract is ended and neither party has any more obligations or debts.

The forum cannot incur any debt. Under no circumstances will the forum's staff members, trustees, or community council members be liable for anything whatsoever.

DISPUTES

Because this contract does not define any obligations for the forum except monthly fees, and since that issue is completely handled in the previous section, it is not possible for anyone to have a dispute with the Forum under this contract.

A dispute may be raised by the Forum (represented by the head administrator) against the treasurer.

In case of a dispute, both parties may agree on an entity to act as arbitrator.

Only if the parties cannot agree on an arbitrator: the arbitrator will be the first person in the list of community council members excluding trustees and the head administrator, assuming that the person is willing to arbitrate for free and the person is not involved in the dispute.

If a party is non-responsive at any point in this process for more than 7 days, that party loses the dispute.

The arbitrator can only decide whether the treasurer is in violation of this agreement or not. The arbitrator cannot award damages, order either party to do anything, or decide that the Forum is in violation of the agreement.

If the treasurer is in violation of this agreement, he has an absolute moral obligation to correct the violation as soon as possible. If he does not correct his violation within 7 days, he agrees to be ostracised by the Bitcoin community. Additionally, anyone who has obligations to the treasurer is no longer required to follow those obligations in order to be considered to be acting in good faith by this community. The Forum can forgive the violation at any time.

THE BITCOIN FORUM

Trustees and community council members are added, removed, and reordered by the head administrator. Any change in the list of trustees takes place 60 days after a public announcement. Any change in the list of community council members takes place 30 days after a public announcement.

The head administrator can be replaced in any of five ways:

  Method 1

The head administrator resigns and assigns someone to be head administrator.

  Method 2

1. One of the trustees publicly and formally states his desire to replace the head administrator.
2. 7 days pass.
3. Any trustee higher on the trustee list except the head administrator can cancel this process.
4. The trustee becomes head administrator if one half of community council members agree.

  Method 3

1. One half of trustees and two thirds of community council members vote to remove the head administrator.
2. The head administrator is considered to be removed.
3. A plurality vote determines the new head administrator.

  Method 4

1. One third of community council members agree that the head administrator should be replaced.
2. This is announced as publicly as possible so that no interested party is likely to miss the announcement.
3. 7 days pass.
4. Any trustee, including the head administrator, can cancel this process.
5. A plurality vote determines the new head administrator.

  Method 5
 
If it is absolutely clear that the head administrator is inactive and there are not enough active community council members and/or trustees to replace him, the treasurer should consider the head administrator to be whoever seems most capable of continuing the Forum.

  Voting

Above, a fractional number of voters means the fraction of voters rounded down, but at least one.

Votes should be delivered to the treasurers once there are enough votes. Treasurers must take appropriate measures to verify the identities of the voters.

When a plurality vote is called for, the treasurer should contact all voters. 7 days from this contact, all votes received should be tallied and the person who received the most votes wins. In case of a tie, the vote is repeated.

Initial roster with PGP fingerprints / addresses:

Head administrator:
- theymos - 5E6B3F3BA961193C5C9B4435C6555693DAB591E7

Trustees:
- The head administrator
- Stefan Thomas (justmoon) - D16E7B0442B9F02E0660C094C9473700A4B08BF3
- Malmi Martti (Sirius) - E526A9B27841593BC2439EB2E904B7FE1BBA4244

Community council members:
- All of the trustees
- psy 7FB4272D4D2285DCEA2503EC8957CE7E0ECB3344
- John 42B6DC513D9DFDEC4C287CD78353E637B3AAEEB0
- hazek 0475D4C3B9C988B8B396BB6D4FD343B39E8803E7
- FreeMoney 1Kwbu2Am9L2zbpUTUQ4c6PzhT6bD5CYqC4
- BCB D8249B78EB762933E1402A477ABE99DB1179678E
- Maged F7F974C4D111E276FF243A8D59A6076B32733620
- nanotube D8B11AAC59A873B0F38D475CE7F938BEC95594B2

[tkbx]

I am holding too much money for the forum. This is contrary to the forum's otherwise decentralized structure. I'd like to get some extremely trustworthy people to hold smaller chunks of the forum's money (maybe 250-500 BTC per person).

- You probably need to have been active in the Bitcoin community for at least a year.
- You probably need a very high OTC rating.
- You need to have dealt with far more BTC at one time than what you'll be holding for the forum.
- The list of "treasurers" and how much money they're holding will be public.
- The contract will be quite complex (I haven't finished writing it yet), as this is the forum's money, not mine, so you'll have to know what "the forum" is and in exactly which circumstances you can release the money.
- Full reserve is not a requirement, but you will be responsible for returning the money within a few weeks of a legitimate request no matter what.

If you're interested, post here with how much you would charge for this service and what your reserve policy would be.

Out of curiosity, why is it being hoarded instead of used? So the expenses can be paid if donations suddenly stop?

[John (John K.)]

I'm going to start sending BTC to the treasurers. Here are the treasurers I've chosen and the BTC amount that I'm willing to store with them:

1000 casascius
1000 John
750 Meni Rosenfeld
750 Rassah
750 eleuthria
500 DeathAndTaxes
500 OgNasty
250 CIYAM Open
250 Ryland R. Taylor-Almanza
250 paraipan
250 Garr255

This accounts for more BTC than the forum currently has, so if all treasurers are still interested in holding the BTC, not all of them will have to do so right away.

Here is the final contract. I added an "outlawry" sentence. The initial list of community council members is too small, but that's something I'll have to fix later.

This is a non-legal agreement between The Bitcoin Forum ("Forum") and ___ ("Treasurer"). This agreement is intended to be enforced in a non-violent, non-legal way by the community.

Held Amount: ___
Monthly Fee: ___
Deposit address: ___

TREASURER OBLIGATIONS

After the treasurer receives the Held Amount of bitcoins, the treasurer owes the Forum the held bitcoins and must keep the entire amount safe at a particular address, never transferring them except:

  Transactions

After the head administrator requests that the treasurer send the held bitcoins somewhere, the treasurer must send the bitcoins as directed within 14 days.

Exception: 1 trustee or 3 members of the community council may order the treasurer to temporarily stop all payments. After such an order, the treasurer must not obey administrator transaction requests until the order is reversed by those same trustees or community council members, or until the trustees or community council members are removed.

The treasurer *should* delay transactions as long as possible if the administrator is believed to be compromised, under duress, or acting against the best interests of the Forum.

  Treasurer wrap-up

The treasurer may always send the entire held bitcoins amount to any trustee in order to end his obligations in this agreement. He then must also return any fees that were paid in advance.

FORUM OBLIGATIONS

The forum must pay the Monthly Fee by the first of every month when it is due. These fees may be paid in advance. If the forum is late in paying, the treasurer may take fees out of the held amount. If the held amount is not enough to cover the monthly fee, the contract is ended and neither party has any more obligations or debts.

The forum cannot incur any debt. Under no circumstances will the forum's staff members, trustees, or community council members be liable for anything whatsoever.

DISPUTES

Because this contract does not define any obligations for the forum except monthly fees, and since that issue is completely handled in the previous section, it is not possible for anyone to have a dispute with the Forum under this contract.

A dispute may be raised by the Forum (represented by the head administrator) against the treasurer.

In case of a dispute, both parties may agree on an entity to act as arbitrator.

Only if the parties cannot agree on an arbitrator: the arbitrator will be the first person in the list of community council members excluding trustees and the head administrator, assuming that the person is willing to arbitrate for free and the person is not involved in the dispute.

If a party is non-responsive at any point in this process for more than 7 days, that party loses the dispute.

The arbitrator can only decide whether the treasurer is in violation of this agreement or not. The arbitrator cannot award damages, order either party to do anything, or decide that the Forum is in violation of the agreement.

If the treasurer is in violation of this agreement, he has an absolute moral obligation to correct the violation as soon as possible. If he does not correct his violation within 7 days, he agrees to be ostracised by the Bitcoin community. Additionally, anyone who has obligations to the treasurer is no longer required to follow those obligations in order to be considered to be acting in good faith by this community. The Forum can forgive the violation at any time.

THE BITCOIN FORUM

Trustees and community council members are added, removed, and reordered by the head administrator. Any change in the list of trustees takes place 60 days after a public announcement. Any change in the list of community council members takes place 30 days after a public announcement.

The head administrator can be replaced in any of five ways:

  Method 1

The head administrator resigns and assigns someone to be head administrator.

  Method 2

1. One of the trustees publicly and formally states his desire to replace the head administrator.
2. 7 days pass.
3. Any trustee higher on the trustee list except the head administrator can cancel this process.
4. The trustee becomes head administrator if one half of community council members agree.

  Method 3

1. One half of trustees and two thirds of community council members vote to remove the head administrator.
2. The head administrator is considered to be removed.
3. A plurality vote determines the new head administrator.

  Method 4

1. One third of community council members agree that the head administrator should be replaced.
2. This is announced as publicly as possible so that no interested party is likely to miss the announcement.
3. 7 days pass.
4. Any trustee, including the head administrator, can cancel this process.
5. A plurality vote determines the new head administrator.

  Method 5
 
If it is absolutely clear that the head administrator is inactive and there are not enough active community council members and/or trustees to replace him, the treasurer should consider the head administrator to be whoever seems most capable of continuing the Forum.

  Voting

Above, a fractional number of voters means the fraction of voters rounded down, but at least one.

Votes should be delivered to the treasurers once there are enough votes. Treasurers must take appropriate measures to verify the identities of the voters.

When a plurality vote is called for, the treasurer should contact all voters. 7 days from this contact, all votes received should be tallied and the person who received the most votes wins. In case of a tie, the vote is repeated.

Initial roster with PGP fingerprints / addresses:

Head administrator:
- Michael Marquardt (theymos) - 5E6B3F3BA961193C5C9B4435C6555693DAB591E7

Trustees:
- The head administrator
- Stefan Thomas (justmoon) - D16E7B0442B9F02E0660C094C9473700A4B08BF3
- Malmi Martti (Sirius) - E526A9B27841593BC2439EB2E904B7FE1BBA4244

Community council members:
- All of the trustees
- psy 7FB4272D4D2285DCEA2503EC8957CE7E0ECB3344
- John 42B6DC513D9DFDEC4C287CD78353E637B3AAEEB0
- hazek 0475D4C3B9C988B8B396BB6D4FD343B39E8803E7
- FreeMoney 1Kwbu2Am9L2zbpUTUQ4c6PzhT6bD5CYqC4
- BCB D8249B78EB762933E1402A477ABE99DB1179678E
- Maged F7F974C4D111E276FF243A8D59A6076B32733620
- nanotube D8B11AAC59A873B0F38D475CE7F938BEC95594B2

Contract signed and returned to theymos. For the record, the public holding address is 1Kf1nT7jQnFC7N3tSdgg5qKGTV4MucfpBg .

[JusticeForYou]

Contract signed and returned to theymos. For the record, the public holding address is 1Kf1nT7jQnFC7N3tSdgg5qKGTV4MucfpBg .

Shouldn't that be public holding addresses?

I'm assuming that each of these 'treasures' have gpg signed an address for where they will be holding the forum's money for the community to monitor and watch.

[paraipan]

I'm going to start sending BTC to the treasurers. Here are the treasurers I've chosen and the BTC amount that I'm willing to store with them:

1000 casascius
1000 John
750 Meni Rosenfeld
750 Rassah
750 eleuthria
500 DeathAndTaxes
500 OgNasty
250 CIYAM Open
250 Ryland R. Taylor-Almanza
250 paraipan
250 Garr255

This accounts for more BTC than the forum currently has, so if all treasurers are still interested in holding the BTC, not all of them will have to do so right away.

Here is the final contract. I added an "outlawry" sentence. The initial list of community council members is too small, but that's something I'll have to fix later.

This is a non-legal agreement between The Bitcoin Forum ("Forum") and ___ ("Treasurer"). This agreement is intended to be enforced in a non-violent, non-legal way by the community.

Held Amount: ___
Monthly Fee: ___
Deposit address: ___

TREASURER OBLIGATIONS

After the treasurer receives the Held Amount of bitcoins, the treasurer owes the Forum the held bitcoins and must keep the entire amount safe at a particular address, never transferring them except:

  Transactions

After the head administrator requests that the treasurer send the held bitcoins somewhere, the treasurer must send the bitcoins as directed within 14 days.

Exception: 1 trustee or 3 members of the community council may order the treasurer to temporarily stop all payments. After such an order, the treasurer must not obey administrator transaction requests until the order is reversed by those same trustees or community council members, or until the trustees or community council members are removed.

The treasurer *should* delay transactions as long as possible if the administrator is believed to be compromised, under duress, or acting against the best interests of the Forum.

  Treasurer wrap-up

The treasurer may always send the entire held bitcoins amount to any trustee in order to end his obligations in this agreement. He then must also return any fees that were paid in advance.

FORUM OBLIGATIONS

The forum must pay the Monthly Fee by the first of every month when it is due. These fees may be paid in advance. If the forum is late in paying, the treasurer may take fees out of the held amount. If the held amount is not enough to cover the monthly fee, the contract is ended and neither party has any more obligations or debts.

The forum cannot incur any debt. Under no circumstances will the forum's staff members, trustees, or community council members be liable for anything whatsoever.

DISPUTES

Because this contract does not define any obligations for the forum except monthly fees, and since that issue is completely handled in the previous section, it is not possible for anyone to have a dispute with the Forum under this contract.

A dispute may be raised by the Forum (represented by the head administrator) against the treasurer.

In case of a dispute, both parties may agree on an entity to act as arbitrator.

Only if the parties cannot agree on an arbitrator: the arbitrator will be the first person in the list of community council members excluding trustees and the head administrator, assuming that the person is willing to arbitrate for free and the person is not involved in the dispute.

If a party is non-responsive at any point in this process for more than 7 days, that party loses the dispute.

The arbitrator can only decide whether the treasurer is in violation of this agreement or not. The arbitrator cannot award damages, order either party to do anything, or decide that the Forum is in violation of the agreement.

If the treasurer is in violation of this agreement, he has an absolute moral obligation to correct the violation as soon as possible. If he does not correct his violation within 7 days, he agrees to be ostracised by the Bitcoin community. Additionally, anyone who has obligations to the treasurer is no longer required to follow those obligations in order to be considered to be acting in good faith by this community. The Forum can forgive the violation at any time.

THE BITCOIN FORUM

Trustees and community council members are added, removed, and reordered by the head administrator. Any change in the list of trustees takes place 60 days after a public announcement. Any change in the list of community council members takes place 30 days after a public announcement.

The head administrator can be replaced in any of five ways:

  Method 1

The head administrator resigns and assigns someone to be head administrator.

  Method 2

1. One of the trustees publicly and formally states his desire to replace the head administrator.
2. 7 days pass.
3. Any trustee higher on the trustee list except the head administrator can cancel this process.
4. The trustee becomes head administrator if one half of community council members agree.

  Method 3

1. One half of trustees and two thirds of community council members vote to remove the head administrator.
2. The head administrator is considered to be removed.
3. A plurality vote determines the new head administrator.

  Method 4

1. One third of community council members agree that the head administrator should be replaced.
2. This is announced as publicly as possible so that no interested party is likely to miss the announcement.
3. 7 days pass.
4. Any trustee, including the head administrator, can cancel this process.
5. A plurality vote determines the new head administrator.

  Method 5
 
If it is absolutely clear that the head administrator is inactive and there are not enough active community council members and/or trustees to replace him, the treasurer should consider the head administrator to be whoever seems most capable of continuing the Forum.

  Voting

Above, a fractional number of voters means the fraction of voters rounded down, but at least one.

Votes should be delivered to the treasurers once there are enough votes. Treasurers must take appropriate measures to verify the identities of the voters.

When a plurality vote is called for, the treasurer should contact all voters. 7 days from this contact, all votes received should be tallied and the person who received the most votes wins. In case of a tie, the vote is repeated.

Initial roster with PGP fingerprints / addresses:

Head administrator:
- Michael Marquardt (theymos) - 5E6B3F3BA961193C5C9B4435C6555693DAB591E7

Trustees:
- The head administrator
- Stefan Thomas (justmoon) - D16E7B0442B9F02E0660C094C9473700A4B08BF3
- Malmi Martti (Sirius) - E526A9B27841593BC2439EB2E904B7FE1BBA4244

Community council members:
- All of the trustees
- psy 7FB4272D4D2285DCEA2503EC8957CE7E0ECB3344
- John 42B6DC513D9DFDEC4C287CD78353E637B3AAEEB0
- hazek 0475D4C3B9C988B8B396BB6D4FD343B39E8803E7
- FreeMoney 1Kwbu2Am9L2zbpUTUQ4c6PzhT6bD5CYqC4
- BCB D8249B78EB762933E1402A477ABE99DB1179678E
- Maged F7F974C4D111E276FF243A8D59A6076B32733620
- nanotube D8B11AAC59A873B0F38D475CE7F938BEC95594B2

Contract signed and returned to theymos. For the record, the public holding address is 1Kf1nT7jQnFC7N3tSdgg5qKGTV4MucfpBg .

+1 Public holding address: 1PFkqgBBrSKikyyUGDerZMfzvCNPgKrR3o

[starsoccer9]

damn guess i didnt make the cut

[Vernon715]

I will hold it for free.

In fact, I will even pay a 7% interest rate.

[John (John K.)]

Contract signed and returned to theymos. For the record, the public holding address is 1Kf1nT7jQnFC7N3tSdgg5qKGTV4MucfpBg .

Shouldn't that be public holding addresses?

I'm assuming that each of these 'treasures' have gpg signed an address for where they will be holding the forum's money for the community to monitor and watch.

That address only holds my portion of the forum's funds, of course.  Yes, theymos has a copy of the GPG-signed contract with the address within. I never issue unsigned addresses, especially for my escrow service.

[rini17]

I'll just leave this here:

http://bitbet.us/bet/314/bitcointalk-org-treasurer-to-be-scammer-tagged/?ref=1EteoRKNYbNhhmFfsKnUSWRF3JUpKCcMnc

[🏰 TradeFortress 🏰]

About half of the methods in the contract is useless..

[CIYAM]

Likewise I have signed and returned the contract to theymos with a holding address: 1BuANiueZAiNashSCfGV5Gmj9P8ReG1D8N

[Rassah]

PGP signed and returned to Theymos.
Public holding address: 1HQ8WaKVRYXLBtVdMcYr5SHQ3X9BsLyxa1

[Garr255]

Same with me, address 15HpBoo2DqaeJPW28ATzZMNnUTfqZQYA9H

[opentoe]

$100,000 on forum software are you guys insane?

What an asinine waste of money.  Sure the forum needs better software, maybe a dedicated server, possibly better database backend etc.  Hopefully SOME of the funds will be used for that in an intelligent and planned fashion over the coming year (not yeah we are rich lets buy a bunch of random expensive crap).  Still you can't possible think this forum needs $100,000 in hardware and software upgrades.  So regardless there is some portion of those funds which the forum couldn't possibly use this year and probably would be based to store securely for the long run.  theymos said something about cold storage of ~2,000 BTC.  Not lock up every penny and never spend anything to improve anything. 

I mean how can that seem like a bad idea to you?

What the hell? This forum is NOT on a dedicated server?

[Vernon715]

$100,000 on forum software are you guys insane?

What an asinine waste of money.  Sure the forum needs better software, maybe a dedicated server, possibly better database backend etc.  Hopefully SOME of the funds will be used for that in an intelligent and planned fashion over the coming year (not yeah we are rich lets buy a bunch of random expensive crap).  Still you can't possible think this forum needs $100,000 in hardware and software upgrades.  So regardless there is some portion of those funds which the forum couldn't possibly use this year and probably would be based to store securely for the long run.  theymos said something about cold storage of ~2,000 BTC.  Not lock up every penny and never spend anything to improve anything. 

I mean how can that seem like a bad idea to you?

What the hell? This forum is NOT on a dedicated server?

Is it in AWS or other "cloud" hosting?

[imsaguy]

Is it in AWS or other "cloud" hosting?

MtGox hosts last I heard.

[gweedo]

Is it in AWS or other "cloud" hosting?

MtGox hosts last I heard.

Now Private Internet Access host it, theymos is the only one that has full control of the box, what I have read, look in meta

[opentoe]

This is a good ol boys club, A bunch of insiders looking after themselves with donated money. Let me ask how people would react if the salvation army.
Started holding all the funds in the personal accounts of the board members?

Salvation Army is a charity. The money they receive is not their profits, and is not theirs to keep. This forum is a privately owned business of sorts. Whatever donations the owners of the forum get are their to keep and do whatever they want with, "gool ol boys" or not. You are also free to whine and not participate, or to join that club yourself.

How are potential trustees properly vetted? Not by word of mouth or how much assets they currently have, I hope not.

[opentoe]

I find this thread interesting. I have a small forum that I run and have asked for donations to pay for the hosting fees. Once I accumulated  enough for the year I asked to cease donations. Is this forum just stashing money away from donations to pay for hosting services of course and for what else? If you guys have so much bitcoin and you are looking to divide it up because you have so much you really don't need to continue to take donations anymore, do you? Unless you are personally profiting your pockets with the donations. And this site also had advertisements on top of that. Looks like this forum is a money making machine here.

[Vernon715]

I find this thread interesting. I have a small forum that I run and have asked for donations to pay for the hosting fees. Once I accumulated  enough for the year I asked to cease donations. Is this forum just stashing money away from donations to pay for hosting services of course and for what else? If you guys have so much bitcoin and you are looking to divide it up because you have so much you really don't need to continue to take donations anymore, do you? Unless you are personally profiting your pockets with the donations. And this site also had advertisements on top of that. Looks like this forum is a money making machine here.

Remember, at one point, BTC100 was worth less than $100.

Now that same BTC100 is worth ~$6,200.