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Author Topic: About the donation to bitcointalk  (Read 499 times)
BlackHatCoiner (OP)
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May 09, 2020, 12:11:57 PM
 #1

https://bitcointalk.org/donate.html


Shouldn't this be a little more updated with the current value? I think I can't afford the prices...  Grin

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Csmiami
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May 09, 2020, 12:14:48 PM
Merited by mprep (2)
 #2

This has been discussed many time in the past, and the final answer is that NO, prices won't be updated because it wouldn't be fair to the original donators and contributors.

Nevertheless, if you are still interested in donatingm you can buy a copper membership, or simply donate into the forum donation account

BlackHatCoiner (OP)
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May 09, 2020, 12:16:51 PM
 #3

This has been discussed many time in the past, and the final answer is that NO, prices won't be updated because it wouldn't be fair to the original donators and contributors.

Nevertheless, if you are still interested in donatingm you can buy a copper membership, or simply donate into the forum donation account

It wouldn't be fair to the original donators? They donated when the price was too low. The amount of donated bitcoins should be analogous with the current bitcoin value. My view.

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May 09, 2020, 12:21:39 PM
 #4

---
Check this thread. It's one of the last time I've seen it brought up.
Making it really short... those users donated 10 or 50 BTC, not the USD value of those

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May 09, 2020, 12:23:35 PM
 #5

They donated when the price was too low.

You should know that not everybody thinks the same. And many could simply tell you that 1 BTC = 1 BTC, so nothing has change.

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BlackHatCoiner (OP)
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May 09, 2020, 12:29:11 PM
 #6

They donated when the price was too low.

You should know that not everybody thinks the same. And many could simply tell you that 1 BTC = 1 BTC, so nothing has change.

You open a big discussion, but if it's to be correct then yes I was wrong. I just see bitcoin as a currency that people want it to make dollars from. For example I won't keep a bitcoin for a life. With your theory nothing will change if I'll keep it 1 minute or 1 year, and I agree with you. This is how I want bitcoin to be seen from the world. As a currency and not as an investment. Investments are the ones that spoil bitcoin price. Anyway, I've got off topic.

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May 09, 2020, 12:36:06 PM
Merited by suchmoon (7), Welsh (4), Csmiami (1)
 #7

I just see bitcoin as a currency that people want it to make dollars from.
[...]
This is how I want bitcoin to be seen from the world. As a currency and not as an investment.

People usually make money from investments, not from currencies.
1BTC = 1BTC applies here.

If seen from a currency point of view, why would you care about the dollar value of BTC ?

Do you care how much your 1 USD is worth in CNY ? Currently 1 USD = 7.07 CNY. Wouldn't matter if it was 5 or 9 CNY.
Same applies to Bitcoin. It is intended as a currency. So the Donator and VIP's paid 10 / 50 BTC, regardless of the (USD/EUR/CNY/...) exchange rate.

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May 09, 2020, 12:37:42 PM
 #8

You open a big discussion, but if it's to be correct then yes I was wrong. I just see bitcoin as a currency that people want it to make dollars from. For example I won't keep a bitcoin for a life. With your theory nothing will change if I'll keep it 1 minute or 1 year, and I agree with you. This is how I want bitcoin to be seen from the world. As a currency and not as an investment. Investments are the ones that spoil bitcoin price. Anyway, I've got off topic.

I didn't open that. It was always here  Cheesy
Keep in mind that Satoshi called Bitcoin "A Peer-to-Peer Electronic Cash System", not "an investment for the masses".

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May 09, 2020, 06:42:21 PM
 #9

Snip
If you bought a watch for Bitcoin back when 1 BTC was worth $300, would you be ready to pay that same watch 1 BTC when the value of BTC increased to $18,000 during the last big bull run? I don't think you would. The amount of BTC is the same but there is big difference in the valuation.

I respect all donators, no matter when the donations were made, but the OP is right here. 50 BTC in 2012, 2017, and 2020 is not the same thing.  

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May 09, 2020, 07:18:20 PM
 #10

Don't feel offended from this meta guy but please make a search in the forum before opening a topic. This suggestion was discussed so many times here...

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May 09, 2020, 07:55:06 PM
 #11

https://bitcointalk.org/donate.html


Shouldn't this be a little more updated with the current value? I think I can't afford the prices...  Grin
I think you are not interested in donating instead you are interested with the offer of getting donator or vip status. If you really want to donate to bitcointalk forum then why don't you click the link you provide and send some btc to the wallet address shown in there.

Donating money should not have a fixed value to date because it is only a help for people so, they are the ones who will be responsible for how much money they want to donate. Donation is really a big help for those people who will receive it, even though a simple thing for the donor means a lot for the people who will receive it.

There is no fixed value when it comes to donations in bitcointalk forum. If you want to donate you can donate anytime you want. If you want your account to get the offer then you need to donate the required amount of btc to get the offer for your account either the donator or VIP status.

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May 10, 2020, 02:39:06 AM
Last edit: May 10, 2020, 02:59:51 AM by tranthidung
 #12

This has been discussed many time in the past, and the final answer is that NO, prices won't be updated because it wouldn't be fair to the original donators and contributors.
Early members of the forum and early donators play very important roles to bring bitcoin to the world, increase its popularity. They also help the forum to operate in early years. They are 'grandfathers' and they deserve their badges as recognition from forum admins (some generations of admins) and the community.

The latest donator is Claymore, in 2017 and sure he is the biggest donator in history of the forum till now if we consider donation in fiat. The fact is he has a donator title, not VIP. I think it is fair.
- Bitcoin's worth on that day = $1,242
  • 10BTC x $1,242 = $12,420

See more details at Stats on active & merit status of Donators & VIPs

A reminder: There are some honorable VIP members. They received their badges because of their technical and community contributions, not from their donations, such as
Maybe a bug with Hal, because I can not find him with VIP position indicator when I use members search on the forum. The search results only include these last two cases.

Or maybe there is no bug, just because the forum has: user badge and display badge. For honorable VIPs, what they got are display badges, not user badges like VIP donators. If it is, I guess theymos mistakenly gave last two the VIP user badge, rather than VIP display badges. It is my theory, only.

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May 10, 2020, 07:30:13 AM
 #13


I think you are not interested in donating instead you are interested with the offer of getting donator or vip status. If you really want to donate to bitcointalk forum then why don't you click the link you provide and send some btc to the wallet address shown in there.


He has a point. At the current rate, that's over 80 grand. VIP and that's over 400.

Even if it's meant to support, no one in the right mind would actually donate those amounts, myself included. Those amounts haven't been updated because they were fixed way before BTC exploded in value.


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May 10, 2020, 08:23:46 AM
 #14


I think you are not interested in donating instead you are interested with the offer of getting donator or vip status. If you really want to donate to bitcointalk forum then why don't you click the link you provide and send some btc to the wallet address shown in there.


He has a point. At the current rate, that's over 80 grand. VIP and that's over 400.

Even if it's meant to support, no one in the right mind would actually donate those amounts, myself included. Those amounts haven't been updated because they were fixed way before BTC exploded in value.



Thank you. I just created this thread because there is no way right now to become one of these roles. But you guys started talking about what's fair and unfair about the people that paid.

No one, literally no one would pay these amounts right now so I find it unfair for me that discovered this place when bitcoin price was 7000$+ unlike with the others that some of them may just generated 50BTC from their pc. I know that this is bitcointalk and not dollartalk, but don't talk me about fairness here. Almost 3 halvings have passed since those who donated.

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May 10, 2020, 09:16:11 AM
 #15

No one, literally no one would pay these amounts right now so I find it unfair for me that discovered this place when bitcoin price was 7000$+ unlike with the others that some of them may just generated 50BTC from their pc.
And literally no one is forcing you to pay to use the forum. You can complain as much as you want, but that won't change a thing. The donator/VIP prices are fixed in BTC, not in USD (copper membership is somehow fixed in USD) and not only that; but big donations are no longer required.

It may not seem fair to you, but think of it as some "first come, first serve" system; early adopters get benefits. And you really want to donate, you can simply send the coins into the donation address, no "visible" recognition, but donations are not about that, right?


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Almost 3 halvings have passed since those who donated.
So what about it?

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May 10, 2020, 10:20:43 AM
 #16

If you bought a watch for Bitcoin back when 1 BTC was worth $300, would you be ready to pay that same watch 1 BTC when the value of BTC increased to $18,000 during the last big bull run? I don't think you would. The amount of BTC is the same but there is big difference in the valuation.

If you bought a new Smartphone for 2000$ 8 years ago, would you still pay the same amount of money for that exact smartphone today?
I don't think you would. The amount of $ is the same but there is a big difference in the valuation.

Your argument is invalid  Tongue

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May 10, 2020, 12:13:41 PM
Merited by The Sceptical Chymist (3)
 #17

People usually make money from investments, not from currencies.
1BTC = 1BTC applies here.

If seen from a currency point of view, why would you care about the dollar value of BTC ?

Do you care how much your 1 USD is worth in CNY ? Currently 1 USD = 7.07 CNY. Wouldn't matter if it was 5 or 9 CNY.
Same applies to Bitcoin. It is intended as a currency. So the Donator and VIP's paid 10 / 50 BTC, regardless of the (USD/EUR/CNY/...) exchange rate.

That is genuinely the daffiest thing I have read all week, maybe the entire year.

I must set up a renewed Alpaca sock company and charge 60 BTC for a pair. When someone claims they find the price a little too high I will berate them with that reasoning and they will hand it over with an apology for not thinking like a true Bitcoiner.

I might forgive them and permit them to buy another pair for 70 BTC as a lack-of-faith tax.

The only thing I'd be worried about is finding somewhere that'll accept 2 BTC for a coffee.
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May 10, 2020, 04:13:04 PM
 #18

The only thing I'd be worried about is finding somewhere that'll accept 2 BTC for a coffee.

Lucky for you I was just talking with my Brazilian and Ethiopian suppliers and will start production and delivery soon. Normally it's 3BTC per bag of eco-bio-awesome coffe, but will make a discount for my early coffe adopters Cheesy
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May 10, 2020, 04:40:30 PM
 #19

That is genuinely the daffiest thing I have read all week, maybe the entire year.
Yep, but I've seen that sentiment expressed before and it's always baffled me.

In any case, I thought I recalled Theymos saying the forum's finances were such that no more donations were needed--and even if I'm wrong in my recollection, I can't see any good reason to donate money to bitcointalk, even if you love the forum as much as I do.  I won't even donate money to charities, as I have no idea what they're going to do with a donation. 

Bitcointalk might have needed donators in its early years, but I'm pretty sure that isn't true anymore.

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May 10, 2020, 05:44:38 PM
 #20

If you bought a new Smartphone for 2000$ 8 years ago, would you still pay the same amount of money for that exact smartphone today?
I would not, because 8 years have passed and that smartphone is now outdated, same as my Siemans C55 many, many years ago.
I have always considered you knowledgeable and logical based on your posting, so I am not sure what exactly you are trying to prove here.  Huh
Are you trying to convince me of something that isn't, or yourself?

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