That's almost $100 million at the current market exchange rate. Even with a ridiculous budget of $1 million a year, that funding covers the next century. And that's without factoring in the inevitable Bitcoin price growth.
This is a main reason for no longer need donation for forum fund.
Years ago, when Bitcoin was in a bull run, and cost for VIP members or Donator members skyrocketed, people asked theymos to reduce the cost to smaller
BTC amounts or change a payment method to stablecoins.
Theymos replied with two main points.
- It's a Bitcoin forum, so bitcoin is a main or only payment method here for forum-related payments.
- The forum no longer needs more donation.
Finally, bitcointalk.org has a large reserve of BTC, so we're able to continue operating without ad revenue for many years. It's not even necessary to cut expenses or find replacement sources of revenue anytime soon, and I currently have no solid plans to do these things. I do regard it as less than ideal to be operating at a constant loss, especially because it constraints any desired future growth in expenses. Improving this situation will be on my mind in the coming years, but luckily it need not be a high priority.
It's about ad sale suspension but years before that, theymos shared similar opinion about forum donation.
Donations for Bitcointalk.Because we are able to operate comfortably using advertising and fee revenue along with our BTC reserves, we no longer collect donations. If you want to help the forum, please make good posts, report rule-breaking posts, and invite friends. If you want to donate BTC, donate it to a charity, or maybe even to your fellow forum members.
It's interesting
If you want to help the forum, please make good posts, report rule-breaking posts, and invite friends
