.

[augustocroppo]

As a freelancer I know that, Wangbus will have to give Theymos his corporation's w-9 form, if they haven't done that already. That really should have been done before the transfer of the $350K.

Could you elaborate about that? For what exactly purpose the w-9 form is necessary?

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[Welsh]

Could you elaborate about that? For what exactly purpose the w-9 form is necessary?

By submitting a W-9, you are certifying that the tax id number you are providing is correct and accurate. Wangbus is going to need this to file for income tax.

Any information about tax?

That's a good question which I forgot to ask, I should imagine the tax on such a fee will be rather large which would require additional funds to be used. I'm sure the government will not miss this large transaction, they will want their cut.

[User705]

Any information about tax?

Good question, I'm going to guess we are going to have to pay $350,000 just to the feds for the gains. I'd be happy to see other numbers however.

Are you sure non-profits pay income taxes?

[theymos]

This transaction doesn't significantly affect taxes AFAIK. By "selling" bitcoins in this way, a lot of USD income was made via capital gains, but it immediately became an expense. The net income is zero for this transaction. Appropriate taxes (determined by a professional) will be paid, of course.

[Kouye]

Why don't we have the automated ad auction system, yet? It's so trivial for a 350k$ team that there is no excuse.

[escrow.ms]

Something we can all help out with, in this initial phase, is to talk in detail about what features and design elements a forum in 2014 should have. Why would anyone want to use this software instead of SMF or vBulletin, both stable and vetted? There's a lot of potential for relevant input, a separate sub-forum could help channel it productively.

+1 Would like to see a "Forum Development" subforum now.
Ps: I hope they separate "Marketplace" from discussion forums and add functions like encrypted messages, 2factor,mobile theme and all the functions users wanted to get.

[taesup]

@slickage guys,

Mind posting a project timeline with milestones? Also where I can access the source code repositories?

That all should be coming soon. Very soon.

[taesup]

Why don't we have the automated ad auction system, yet? It's so trivial for a 350k$ team that there is no excuse.

Anything that involves money and security is not so trivial, IMHO. There's a lot of extra bits you have to take into consideration especially since we're designing this to work both with the current server software and the new one we're building. We need to make sure that any user information isn't leaked through the ad auction system yet can tie in directly with what theymos already has.

Edit: not user information because some of it will be public (usernames, whatever else the user has already deemed public in their SMF profile, etc) but at the same time the user does not have to sign up for a new account. They'll be using the account they have in SMF to validate identity. Sounds fun right?

[surfer43]

I'm sorry but anyone, anyone, trying to justify spending ONE MILLION DOLLARS on forum software should have their internet access revoked... among other things. Absolutely ludicrous.

Internet access is a right, not a privilege.

[leckey]

I'm sorry but anyone, anyone, trying to justify spending ONE MILLION DOLLARS on forum software should have their internet access revoked... among other things. Absolutely ludicrous.

Internet access is a right, not a privilege.

I wasn't speaking literally. Didn't think I'd have to state that.

[bitmarket.io]

nothing's gonna get done on the forums.  people donated when the value of BTC was low because they wanted a rank to show off.  the donations are likely redistributed to the top team or theymos is enjoying the money.  who doesn't like all that money.

[simonk83]

For $350k, it's going to want to be a pretty fricking amazing forum.  

Happy to be proven wrong, but to me it just looks like Theymos hit the jackpot with all these donations and the rising price and is just enjoying the cash.   There's no logical reason why things have taken so ridiculously long to get done, and this whole "give shitloads of cash to a random group with no history" doesn't exactly inspire a lot of confidence.

Honestly I'm not particularly happy to have this place attached to Bitcoin in a big way (as it is) as it just comes across as amateur hour.

EDIT:  Wait, he's spending a million dollars?   I don't even know what to say to that.

EDIT 2:  And what of the other 5 million dollars that's sitting around "doing nothing".  What are the plans for that.   If the forums costs are paid for by ads, then that money should be distributed back to donators at the very least (just to be clear, I haven't donated).

[Stunna]

I'm not sure if this was answered already or within the scope of the project, I think it is important for Theymos to allocate funds towards design rather than only the back-end of the new forum. Would be nice if we had a really well designed forum to use. I could point you towards a few good firms if interested.

I also don't understand why use some no-name development studio when the pay is that high.

[ByronP]

Good god someone is getting ripped off here!!!! I would have made a completely scalable system from the ground up for 350k and it would be tighter than mother gooses ass!!!!

[bitmarket.io]

EDIT 2:  And what of the other 5 million dollars that's sitting around "doing nothing".  What are the plans for that.   If the forums costs are paid for by ads, then that money should be distributed back to donators at the very least (just to be clear, I haven't donated).

theymos said they will never happen.

had this forum only been paid for by ads there would not be so much drama. people who donated expected to have a forum by now.

that 50k vip investment could of made you one hell of a forum for your own site.

[augustocroppo]

that 50k vip investment could of made you one hell of a forum for your own site.

I am sure most of the donators/VIP could do more than a forum if they were properly reimbursed to remedy the situation. That amount of funds would much more productive in the donators/VIP hands rather in the hands of the current administrator.

[N12]

EDIT 2:  And what of the other 5 million dollars that's sitting around "doing nothing".  What are the plans for that.   If the forums costs are paid for by ads, then that money should be distributed back to donators at the very least (just to be clear, I haven't donated).

theymos said they will never happen.

had this forum only been paid for by ads there would not be so much drama. people who donated expected to have a forum by now.

Speak for yourself! Personally, I actually like the current forum and I hope the new one will be as "clean" in its design.

[MakeBelieve]

I hope that the new forum will not be to complicated otherwise it would just be a waste it be usee friendly otherwise no matter how much fancy features it will be hard to navigate and extremely annoying.

[N12]

Where is it apparent that the BTC I donated are explicitely for the purpose of creating a new forum? Theymos is free to make use of the funds as he best sees fit, in my view.

[N12]

Where is it apparent that the BTC I donated are explicitely for the purpose of creating a new forum? Theymos is free to make use of the funds as he best sees fit, in my view.

He asked for funds to make a new forum, if you wanted to just give funds to theymos, why not do it directly? Why send it to the new forum fund pile?

Source?

https://bitcointalk.org/index.php?topic=38071.0
https://bitcointalk.org/donate.html

contain nothing of what you say.