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Author Topic: Do we have current forum financial records?  (Read 801 times)
BitBakerr1
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October 12, 2026, 10:42:47 AM
�#41

I still cant believe how much money got wasted on new forum software, and we have literally nothing to show for it.  Such a shame.

How hard would it be to use only a small part of that budget to modernize what we already have?
The forum is rich so there is still so much money let. At the current annual spending, it will take over 60 years for the forum to run out of money.
You talk like you are one of the admin in this forum.
Do you know how much the forum have right now, and do you know how much the forum spend in paying there staff or how much they spend in a year in total.

I知 wondering how you knew the money that the forum has is enough to run the forum for 60 years?
This is one of the major reasons theymos needs to be given account so people can know how much is in the forum account to avoid all this speculations.
I知 sure one day someone will say the money on the forum account will be enough to run the forum for 100 years.

 
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decodx
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October 12, 2026, 12:00:52 PM
Merited by vapourminer (1)
�#42

I still cant believe how much money got wasted on new forum software, and we have literally nothing to show for it.  Such a shame.

How hard would it be to use only a small part of that budget to modernize what we already have?
The forum is rich so there is still so much money let. At the current annual spending, it will take over 60 years for the forum to run out of money.
You talk like you are one of the admin in this forum.
Do you know how much the forum have right now, and do you know how much the forum spend in paying there staff or how much they spend in a year in total.

I知 wondering how you knew the money that the forum has is enough to run the forum for 60 years?
This is one of the major reasons theymos needs to be given account so people can know how much is in the forum account to avoid all this speculations.
I知 sure one day someone will say the money on the forum account will be enough to run the forum for 100 years.

Check there.
Forum funds.

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.

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BitBakerr1
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October 12, 2026, 01:27:52 PM
�#43

I still cant believe how much money got wasted on new forum software, and we have literally nothing to show for it.  Such a shame.

How hard would it be to use only a small part of that budget to modernize what we already have?
The forum is rich so there is still so much money let. At the current annual spending, it will take over 60 years for the forum to run out of money.
You talk like you are one of the admin in this forum.
Do you know how much the forum have right now, and do you know how much the forum spend in paying there staff or how much they spend in a year in total.

I知 wondering how you knew the money that the forum has is enough to run the forum for 60 years?
This is one of the major reasons theymos needs to be given account so people can know how much is in the forum account to avoid all this speculations.
I知 sure one day someone will say the money on the forum account will be enough to run the forum for 100 years.

Check there.
Forum funds.

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.
I checked the link you provided and it痴 actually the admin that posted it himself, i now believe what Odohu said.
Wow the money on forum funds is actually very big and will actually serve the forum for years to come, and for the fact we have an admin who I believe is going to manage the funds very well it痴 will take many years for that money to get finished.
I love how this forum is coordinated, thanks theymos, you are doing a fantastic job.

 
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WITHDRAWALS
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REWARDS
 
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PROGRAM
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notocactus
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October 12, 2026, 04:12:08 PM
Merited by vapourminer (1), decodx (1)
�#44

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.
Quote
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
Quote
If you want to help the forum, please make good posts, report rule-breaking posts, and invite friends

Btcdeybodi
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October 12, 2026, 07:20:03 PM
�#45

I think it isn't necessary to give financial records of the forum anymore since forum members are no longer making any financial contributions in order to keep the forum running as it were in the past when forum members were making donations and accountability was needed. Theymos is not the only one that is foreseeing the affairs of the forum (i think Cyrus also have same power as theymos) and if there is need for theymos to ask for financial assistance from forum members he would do that but from the information that has been revealed by some members, it seems the forum have in excess an amount that can sustain its maintenance for a very long time. Except a donation is requested in the future that is where it will be necessary to demand accounts of expenses and what is left in the forum's treasury. I trust theymos because he has been managing the affairs of the forum effectively and he will continue to do so.

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October 12, 2026, 07:32:19 PM
�#46

If you are looking for these, here I compiled few back in 2020 and I think after that official bitcointalk ads were shutdown. So after that not much raised from ads or maybe from donations as well.


Total Collected from donations 3050
Total funds collected through ad auctions 6583.374133
Grand Total funds collected in BTC9633.374133BTC



Total funds/BTC collected:    6583.374133BTC      
Total slots sold:    2600.5      
Maximum BTC/ slot:   50BTC      
Minimum BTC/ slot:   0.01BTC      
Average BTC/ slot:   2.320262653BTC      






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MarryWithBTC
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October 12, 2026, 09:57:31 PM
Last edit: October 12, 2026, 10:08:24 PM by MarryWithBTC
�#47

@Churchillvv, I understand that you are looking at it from the technical standpoint. I agree that being technical is an important criterium but it doesn't have as much percentage as the character of that person.
Also remember that apart from being technical, seniority is also considered. There are a lot of users to be mentioned before the likes of PG.
When you say seniority, what exactly do you mean? do you mean by age? or do you mean how long someone has spent in the forum?
The later best fits the definition of seniority (forum age)

Perhaps, we have thousands of dump ass individuals who have been around for so long yet have little knowledge on the forum generally, and when we talk of seniority in terms of ranks we also have similar people with low IQ and EQ in the legendary rank, so what do mean exactly?
No, we don't have thousands of dump ass individuals who have been around for more than a decade. We also do not have many low IQ individuals from a decade ago. Rather the new generation users are the dump ass individuals who know nothing about the forum ethics or goals, but are here to make money.

If you see an idiot whose profile says they are more than a decade here, suspect that the account changed hands. Idiots don't get committed to a project for 10 years.

Here this Youtube video game that explains the admin work better and why technicality is the major factor:

https://youtu.be/o4QE9XFY2os?si=H_JZ4GwBPUvee0hW

comment loading...

Lol... why was theymos the only one shooting and killing innocent people...why didn't he shoot at the government, rather he killed someone who said bitcoin killed his family Grin

Any dedicated thread where this game was discussed, I saw it was for 10 years anniversary? Very fun to watch.

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October 12, 2026, 11:41:23 PM
�#48

Reminds me of this meme. I am not sure how it would turn out tbh, there should be clear rule regarding when to necro bump and when not to. Though, personally, I don't find anything wrong with op since the thread you mentioned is really old.
If it is a need of update, asking in that thread would be a better choice. It has only 2 pages, not a big thread, and it's more easily to read backwards for details of  past years and discussion too.

I understand the point you're trying to prove at notocactus in this regards because, following that view will mitigate waking up dead thread but it's also necessary to consider the relevancy of the post so that it doesn't look like the thread was just spam bumped.
Op really doesn't have to be condemned of his action of creating this new thread while referencing the old thread.
It doesn't also make sense asking the Op to update the thread because Op might probably given a long term break to the platform and we can't keep waiting for him to update before we can proceed and sometimes doesn't matter how many pages the old thread might be as well.
There should be need to revive a thread but must be when the need arise but only if Op of the thread hadn't been active.

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Today at 12:40:15 AM
Merited by EFS (1)
�#49

Here's 2025:

Code:
Numbers in thousands of USD

Income 10

Expenses 420
    Moderators 167
    Other contractors 92
        Security bounties 10 *
    Tax 79
    Hosting 59
    Other 23

(* The largest bounty awarded in 2025 was $1500.)

I decided that one of the biggest reasons why the forum software project failed was that I'm not a skilled manager, and I didn't have enough bandwidth to properly oversee something so big. So I'm very averse to trying any other really big projects like that. I do plan on hiring people for more incremental improvements.

This is not an urgent problem, but if BTC prices stay this high long-term, then the current level of spending is excessively miserly. I plan to address this by:
 1. Seeing if I can incrementally, slowly add useful expenses, such as perhaps hiring more people. (But I definitely don't want to spend money in wasteful or stupid ways.) And/or,
 2. Considering whether some BTC should be donated to relevant 501(c)(3)s, such as Brink (as one possible example).

The top priority, of course, is ensuring that the forum can continue operating for many decades to come.

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