Huge donations to bitcointalk

[malevolent]

The forum has - if I recall correctly - over a million dollars in reserve. Besides, the donations don't pay mods; it's from ad revenue.

https://bitcointalk.org/index.php?topic=155000.0

The total number seems to be closer to $16 million dollars at current USD/BTC exchange rate. So way more than enough than any online discussion forum could ever need.

[1715501029]

1715501029

[1715501029]

1715501029

[UserU]

I've seen people hysterically cry over having a ref link removed or even claim having their thread moved to the correct sub board is 'censorship'.

I was suspended for 3 days over the bolded, but I was not informed by any mod or staff that nuked it (no one could figure out why either when I created a thread using my alt), until days later when I noticed my thread posted under Micro Earnings (which had been running for months without any hiccups) disappeared without a trace.

Basically if that counts as a refspam, now I know but they have to give the source (offending URL) behind the suspension. I've never refspammed prior to the incident and it somewhat caught me by surprise.

[shield132]

I remember theymos was dreaming about: We should build a seastead. Probably, the mean idea behind seastead was that governments don't sell parts on the sea unlikely lands. Idk if he still dreams about that, more likely, yes and he may wait for futher rise of bitcoin's price. I think if bitcoin really reaches 100k or something like this, theymos will truly think about this and forum funds may be used for that?

[libert19]

Pretty irrelavant but I'm curious if donators ever regret the amount they donated like for example, someone donated 100 btc at few dollars per BTC in 2011 but now it's worth a million!!!

[ChiBitCTy]

I'm one of these people who have started to boycott some big companies including Google as I find the way they handle things, and specifically the privacy concerns to be too much to justify using their probably superior services to their competitors.  

Same here. I've tried to get off google/chrome as much as humanly possible. If you haven't tried the Brave browser I'd highly recommend it. I switched to that recently and still use DuckDuck as the search engine.  Google is hands down the best browser / search engine, so sometimes using it is a necessary evil though of course.


OP- the mods do a ton here. The amount of work many of them do here is insane (esp global mods like Hilarious). They deserve every satoshi.

[Upgrade00]

Pretty irrelavant but I'm curious if donators ever regret the amount they donated like for example, someone donated 100 btc at few dollars per BTC in 2011 but now it's worth a million!!!

Probably, but there's a silver lining; those transactions made back then when bitcoins were just figures in a wallet was the foundation for its growth as a currency, similar to the 10,000BTC pizzas; which quickened bitcoins' use as a payment option.

OP- the mods do a ton here. The amount of work many of them do here is insane (esp global mods like Hilarious). They deserve every satoshi.

And they are not really financially driven, cause during the early days of the forum, they moderated voluntarily and put in effort to grow the community without any renumeration. This is the case when new forums are starting up, but the fact not all actually take off to become popular means there's no guarantee also.

[gentlemand]

Pretty irrelavant but I'm curious if donators ever regret the amount they donated like for example, someone donated 100 btc at few dollars per BTC in 2011 but now it's worth a million!!!

I would be utterly fucking devastated but it also depends on how much I had and I assume no one donated if they were going to miss that amount.

We can assume many are long gone and likely long sold so it's just another tx that haunts them.

[Nellayar]

This is the donation address of the forum: 17RTTUAiiPqUTKtEggJPec8RxLMi2n9EZ9

It right now has 1,7M$. If you check the recent transactions, there are people that send huge amounts. How is that happening?? Do admin(s) use it instead of donating?

When we talk about donation, it is not a force payment. You donate because you are willing to share an amount to others. The forum also needs donation to the people specially that there are many users here who have been successful because of the forum. We gain money in this site as well as the knowledge coming from the brilliant people. So, I think giving a donation to that address is enough to pay all the things that crypto made to them.

It is really huge amount and I think older accounts donated it back when the price of bitcoin was really low.

[cabalism13]

...

Never know about that, good thing this thread existed.
I almost drooled on that sum of money, I really didn't know we have that much in this Forum.
Man, I really don't know how long does Bitcoins already taken (in terms of acknowledgement/achievement, etc) maybe words aren't enough to describe the Journey of BTC

[UserU]

I almost drooled on that sum of money, I really didn't know we have that much in this Forum.
Man, I really don't know how long does Bitcoins already taken (in terms of acknowledgement/achievement, etc) maybe words aren't enough to describe the Journey of BTC

I guess most were stored before the whole skyrocket thingy. With that amount of supply, theymos' offsprings and future offsprings' could enjoy his inheritance

[cabalism13]

...

I guess most were stored before the whole skyrocket thingy. With that amount of supply, theymos' offsprings and future offsprings' could enjoy his inheritance

Never heard theymos has a Girlfriend, what's more with offsprings 😂

✌️😁 I do hope i won't be penalize with this 😂😂😂

[philipma1957]

So 1.7 million, but the address has spent 9000 plus coins


To me the dec 4 2017  deposit is of interest.

https://www.blockchain.com/btc/tx/7e26ca9197f46bbc8a7c9adf922cb6bdadf967a585e8ac5809583bcd6fb16b6b

I think I remember what those 12 coins were.

Looking at the wallet from Nov 24 to dec 31 of 2017 is fun



https://www.blockchain.com/btc/address/17RTTUAiiPqUTKtEggJPec8RxLMi2n9EZ9?page=54


pages 54 to 51

[Mrengage]

This is the donation address of the forum: 17RTTUAiiPqUTKtEggJPec8RxLMi2n9EZ9

It right now has 1,7M$. If you check the recent transactions, there are people that send huge amounts. How is that happening?? Do admin(s) use it instead of donating?

Wait a minute what is the donation use for I guess it should be given to the needdy instead. That's a whole lot of money to be presided. We should get up some answers to this question: Do admin(s) use it instead of donating?

[gentlemand]

Wait a minute what is the donation use for I guess it should be given to the needdy instead. That's a whole lot of money to be presided. We should get up some answers to this question: Do admin(s) use it instead of donating?

It is money donated to the forum and the people handing it over do it for the benefit of the forum. The needy can set up their own donation addresses somewhere.

You can read about it on the donation page here - https://bitcointalk.org/donate.html

"The Bitcoin Forum is a website meant to host free discussion of Bitcoin and related topics. It is operated mainly as a service to the community, and the vast majority of income after expenses is either saved for future expenses or reinvested into the forum or the community."

The original thread about it is here - https://bitcointalk.org/index.php?topic=38071.0

As you can see when it began a donation of 10 BTC was enough to pay for one month of site hosting.

[CryptopreneurBrainboss]

Wait a minute what is the donation use for I guess it should be given to the needdy instead. That's a whole lot of money to be presided.

Why worry about donations that you're not contributing to, we should be happy there's enough reserve to take care of the forum expense for years to come even when the forum decide to shutdown every other revenue source like ad slots. The bitcoin community is known for its generosity and that's what we should be advocating for. Donating to the forum shouldn't be a course for debating as the forum has done enough for millions of people.

Maybe we should even have a dedicated day for donating to the forum, a day you can donate as little as you have and we just celebrate the forum for all the knowledge and opportunity it has provided for the community.

[UserU]

Never heard theymos has a Girlfriend, what's more with offsprings 😂

✌️😁 I do hope i won't be penalize with this 😂😂😂

If you were, then we have one mystery solved hahahaha

[Last of the V8s]

[Finestream]

I'm not surprise with the amount of donation receive by the forum, it's big but they deserve it as this forum creates a good community that has a lot of leaders in the crypto space and good influencers  as well. If you based it on USD, it would change from time to time as bitcoin's price is volatile, but regardless of course, the amount of donation is huge for us but this is a huge forum, maintaining the site with millions of members is very expensive.

Theymos on the other hand does not need to inform us where the money is coming because he owns the forum and we are no stockholders or investors, but he still showed some transparency based on the post shared above.