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Author Topic: Question about forum finances (again, 2017)  (Read 673 times)
fillippone
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July 26, 2019, 02:04:52 PM
 #21

Code:
2017
Income: $996,494 + $6257 donations
Expenses - Forum software project: $246,138
Expenses - Mods and others: $261,433
Expenses - Hosting etc: $49,726

2018
Income: $473,247 + $479 donations
Expenses - Forum software project: $272,250
Expenses - Mods and others: $204,547
Expenses - Hosting etc: $43,907

Tax is not included for 2017. Because bitcointalk.org is tax-wise a disregarded entity, it's difficult for me to calculate the tax costs attributable to forum activities. I'll do it some other day.
Thank you Theymos for the disclosure.
53% YoY drop in income is quite spectacular.
I wasn't even a forum member during the ICO season, but I guess the funding from their ads was quite relevant.

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July 26, 2019, 02:10:17 PM
 #22

Code:
2017
Income: $996,494 + $6257 donations
Expenses - Forum software project: $246,138
Expenses - Mods and others: $261,433
Expenses - Hosting etc: $49,726

2018
Income: $473,247 + $479 donations
Expenses - Forum software project: $272,250
Expenses - Mods and others: $204,547
Expenses - Hosting etc: $43,907

Tax is not included for 2017. Because bitcointalk.org is tax-wise a disregarded entity, it's difficult for me to calculate the tax costs attributable to forum activities. I'll do it some other day.

Thanks.
malevolent
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July 26, 2019, 02:17:29 PM
 #23

53% YoY drop in income is quite spectacular.
I wasn't even a forum member during the ICO season, but I guess the funding from their ads was quite relevant.

That, the bear market, and theymos also started being pickier with services he'd allow people to advertise.

"No ICOs[1], loggable mixers[2], banks, funds, or anything that a person can be said to "invest" in; I may very rarely make exceptions if you convince me that you are ultra legit, but don't count on it. Ads may be rejected for other reasons, and I may remove ads even after they are accepted.".

fillippone
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July 26, 2019, 02:28:45 PM
 #24


"What it's right comes before what is useful".
Cannot remember if it was Kant or Theymos.

bluefirecorp_
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July 26, 2019, 09:50:23 PM
 #25

Code:
2017
Income: $996,494 + $6257 donations
Expenses - Forum software project: $246,138
Expenses - Mods and others: $261,433
Expenses - Hosting etc: $49,726

2018
Income: $473,247 + $479 donations
Expenses - Forum software project: $272,250
Expenses - Mods and others: $204,547
Expenses - Hosting etc: $43,907

Tax is not included for 2017. Because bitcointalk.org is tax-wise a disregarded entity, it's difficult for me to calculate the tax costs attributable to forum activities. I'll do it some other day.

Oof. Who got fired?

---

$500k+ on epoctalk seems like a lot.

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July 30, 2019, 11:53:59 AM
 #26

Thank you for posting the financial statements. It's interesting.
One question-
Why don't we count all the income+expense in BTC? Wouldn't it be fair if we had done so? All those fund were received in BTC certainly. I think it would be more interesting to get BTC value since we are calculating the financial statement of Bitcoin forum.

It's probably only in USD there because that's all the tax man cares about and for tax purposes the money would be logged at its dollar value at the time received. I'm sure theymos has the btc values as well though.

Code:
2017
Income: $996,494 + $6257 donations
Expenses - Forum software project: $246,138
Expenses - Mods and others: $261,433
Expenses - Hosting etc: $49,726

2018
Income: $473,247 + $479 donations
Expenses - Forum software project: $272,250
Expenses - Mods and others: $204,547
Expenses - Hosting etc: $43,907

Tax is not included for 2017. Because bitcointalk.org is tax-wise a disregarded entity, it's difficult for me to calculate the tax costs attributable to forum activities. I'll do it some other day.

Oof. Who got fired?

---



Is this in regard to the new forum or the drop in payments to staff? I think lauda has been the only staff member to be 'let go', but there are several mods who had left or have been removed due to inactivity over the past few years (including a couple of Globals/Admins - BadBear, Salty, Grue to name a few.

Quickseller
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July 31, 2019, 03:56:33 AM
 #27

I think lauda has been the only staff member to be 'let go',
I believe there was a mod in the india local sub that was removed from being a moderator after the exchange he worked for was hacked due to possible conflicts of interest. I believe MNW was a staff member around the time he was making offers to insure deposits of pirate40's ponzi. Also, xDeathwing was fired over a scam accusation.

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July 31, 2019, 04:35:56 AM
Merited by Quickseller (1)
 #28

I believe there was a mod in the india local sub that was removed from being a moderator after the exchange he worked for was hacked due to possible conflicts of interest. I believe MNW was a staff member around the time he was making offers to insure deposits of pirate40's ponzi. Also, xDeathwing was fired over a scam accusation.

IIRC there was a mod in the Portuguese (?) local board who had his account get hacked, and obviously he didn't get reinstated after that. MNW was a mod of the Korean local board, I don't remember if he got demodded for reneging on a bet or just trolling? I'm not sure if Diablo-D3 left of his own initiative or if he was demodded. And then there was Nefario.

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