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Author Topic: New forum - Will it use all funds?  (Read 765 times)
cryptopaths
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May 28, 2014, 08:49:03 PM
 #1

Will the new forum use exactly the amount that was raised? Or more or less?
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May 28, 2014, 09:03:51 PM
 #2

I'm sure they'll use whatever they need sir. Which will probably mean more than normally needed.
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May 28, 2014, 09:18:30 PM
 #3

Will the new forum use exactly the amount that was raised? Or more or less?

you can read this thread
https://bitcointalk.org/index.php?topic=571818.0

and that message :

https://bitcointalk.org/index.php?topic=455867.msg5069851#msg5069851

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May 28, 2014, 09:28:36 PM
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When they first put up the bounty, BTC was around $2-5. $20-$50k for custom forum software was pretty reasonable. But as it hit $1000 / per coin, $10MM for it just got a bit excessive.

But it's a bounty, it was set. It'd be the same as scamming if they were to change the the deal.

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May 28, 2014, 09:38:04 PM
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Will the new forum use exactly the amount that was raised? Or more or less?

The new forum software will cost about 1 million USD.
https://bitcointalk.org/index.php?topic=455867.msg5069851#msg5069851


On the other hand, there are about 6800 btc in the forum fund.
https://bitcointalk.org/index.php?topic=155000.0

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June 05, 2014, 11:46:29 PM
 #6

I bet they will use a lot, it is going to cost a lot to make a brand new Forum Software, plus it is going to be open source so everybody can use it, I doubt they are going to be skimpy about it. Then again, with over 1 Million in donations, there is bound to be some left over.

EDIT: Typos
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June 08, 2014, 04:57:58 PM
 #7

I don't think they can over spend seeing as they wouldn't have the funds available.
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