Contractor Development is the category we use for paying contractors that work on the site.
Breakdown for June is as follows
Development / UI / Testers : ~75% of the Contractor Development Expenses *
Marketing / PR : ~15% of the Contractor Development Expenses
Support : ~10% of the Contractor Development Expenses
Our agreement when we signed up with Havelock a year ago was that they get a certain percentage of the funds we raise during IPVO's and there is a 1 BTC listing fee on-going. We pay this diligently, they need to pay employees, server costs, legal expenses etc just like us!
* This month we paid out 8 BTC to folks that submitted exploits - this is very high, and something I'm really looking to lock down.
All said, given the work we are looking to tackle across the Sportsbook, Casino and PeerBet in the next 2-3 months - I'd say the expenses should stay around the same, or even go up higher, as we'll need to acquire more talent to work faster the available before NFL is shrinking.
Point taken on NXT! We had to do a lot of refactoring to get DRK out the door (next week is our timeframe for that), but it should be much easier to swap coins in and out now as we've refactored a bit of the Bit777/PeerBet code to handle new currencies.
Things are looking good, great work. Just a few questions:
How come we never see an expense broken out for the normal payment of employee wages? I'd like see break outs for Support Personnel, Developers, Testers, and Marketing resources, but as things stand I can't see a single expense category that any of these fit into. (contractor development being the closest)?
Why are we so low (and slipping) on SEC for bitcoin sportsbook? This is the big term I think we should focus on.
What exactly are you paying havelock 1 btc/m for? You already raised your money, and now they are making their money off of trade fees. I can't imagine why they'd be taking such a steep sum from us. Will they be taking this indefinitely?
Sidenote:
Please do a bit of further research on NXT. Dark is slipping into oblivion due to the fact that's in main selling points are easily added on to bitcoin itself. There is no way it can last. NXT on the other hand brings many new ideas and innovations to the table that bitcoin cannot touch, not only that it has a much higher market cap and volume then DRK, and I strongly believe that this gap will continue to widen and that we are wasting our time supporting DRK. The NXT community is a strong one and very willing to throw money at something that adds value to their ecosystem. There was a poll recently that for some reason I can't find now and a good gambling site was one of the higher voted items. I think there is a good opportunity here, so at the very least spend a bit of time on research, NXT is completely different from all the other copy coins out there - it may even support instant transaction comfirmations very soon! Hell we could even move our shares to the nxt asset exchange to save that havelock fee;)
