What would happen if you donate 50 bitcoin to the forum these days?

[cryptopaths]

The 50 bitcoin rule to become a vip was made a while ago when bitcoins weren't this valuable. But now their much more valuable so what exactly would happen if someone donated 50 bitcoin these days?

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[theymos]

You would get normal VIP status.

[Lauda]

The 50 bitcoin rule to become a vip was made a while ago when bitcoins weren't this valuable. But now their much more valuable so what exactly would happen if someone donated 50 bitcoin these days?

Although it might not seem fair to us now since (50x500) it is a lot of money, you still would only get VIP.
There was some discussion about this a while back and it would not be fair to the people that paid for it long ago. So basically you would only get VIP status, nothing else. 

[mprep]

The 50 bitcoin rule to become a vip was made a while ago when bitcoins weren't this valuable. But now their much more valuable so what exactly would happen if someone donated 50 bitcoin these days?

Although it might not seem fair to us now since (50x500) it is a lot of money, you still would only get VIP.
There was some discussion about this a while back and it would not be fair to the people that paid for it long ago. So basically you would only get VIP status, nothing else.  

And of cource all the perks that come with it: a special donator's board to talk in, ability to change your name and of course the purple half icon at the end of the coons bellow your name.

[haploid23]

what exactly would happen if someone donated 50 bitcoin these days?

What exactly are you expecting other than a gimmicky profile status? A private lap dance from theymos?

[Lohoris]

There was some discussion about this a while back and it would not be fair to the people that paid for it long ago.

This argument makes no sense.
They did pay less, since the absolute BTC value is currently irrelevant, what matters is its value compared to the other currencies.

[BadBear]

There was some discussion about this a while back and it would not be fair to the people that paid for it long ago.

This argument makes no sense.
They did pay less, since the absolute BTC value is currently irrelevant, what matters is its value compared to the other currencies.

Sad to see. For some, the only value of a bitcoin is how many dollars they can get for it.

[Lohoris]

This argument makes no sense.
They did pay less, since the absolute BTC value is currently irrelevant, what matters is its value compared to the other currencies.

Sad to see. For some, the only value of a bitcoin is how many dollars they can get for it.

Until I will have a wage with a fixed BTC price and a mortgage with a fixed BTC price then yes, obviously the only price that matters is the relative one.

[haploid23]

Sad to see. For some, the only value of a bitcoin is how many dollars they can get for it.

Ideally, it would be nice to see everything priced in btc, but unfortunately the dollar is still the benchmark. It's much more stable as a currency. Most goods and services are still priced in dollars, so every time you buy something with btc, you have to see what its relative value is in dollars.

Would you buy a few meals for 50 btc? Because that's how much it cost back then. If you say no, then you're indirectly seeing the value of btc as dollars 

[Fraxinus]

It's true that if someone donates 50 btc today he'll definitely pay more,but in the past it was laso the same princip.However,now we have the bitcoin's price much higher which leads to such discussions.For me,personally,the standard should apply to all and although the price is different,it's still people who donated 50 bitcoins no matter what.

[Lauda]

This argument makes no sense.
They did pay less, since the absolute BTC value is currently irrelevant, what matters is its value compared to the other currencies.

Then go find it and make your stand there. The VIP tag costs way too much if you ask me, but then again the less it costs the more people would be a VIP.
Nice point @post under.

[Lohoris]

Would you buy a few meals for 50 btc? Because that's how much it cost back then. If you say no, then you're indirectly seeing the value of btc as dollars 

THIS.

BadBear, would you want to buy a pizza for 10000 BTC?
Just pick your restaurant, send me the BTC, and I'll provide the rest.
No?
Why not?
The exchange rate is irrelevant, you said.

[Lohoris]

This argument makes no sense.
They did pay less, since the absolute BTC value is currently irrelevant, what matters is its value compared to the other currencies.

Then go find it and make your stand there.

It doesn't exist because we live in the real world, not in a fairy tale in someone's head.
BTC value floats, so nobody in his right mind bases prices on it.

You know who else has a set BTC price? mpex.
You know who had it, and once they realised it was foolish they changed idea? The Bitcoin Foundation.

[dogie]

I think the real answer came up in this thread - no one is ever going to be VIP again at the current price. We can talk semantics all we want but its a dead mechanism. The last but one person donated over a year ago, and the last person some time before between then and now.

Same thing has happened on the generic donate address, bar the odd huge transaction which doesnt look like a donation. I saw the same thing actually. Donations were maybe $100 a month, but immediately went to 0 as soon as the price went up.

[theymos]

Same thing has happened on the generic donate address, bar the odd huge transaction which doesnt look like a donation. I saw the same thing actually. Donations were maybe $100 a month, but immediately went to 0 as soon as the price went up.

The monthly "donations" to that address are forum revenue from ads, unproxyban fees, and (historically) Donator/VIP donations. I send it there to provide transparency. (However, note that the balance of 17RTT... is not a meaningful number.)

Real donations are indeed very rare. Which is fine. The forum has plenty of money.

[cryptopaths]

I think the real answer came up in this thread - no one is ever going to be VIP again at the current price. We can talk semantics all we want but its a dead mechanism. The last but one person donated over a year ago, and the last person some time before between then and now.

Same thing has happened on the generic donate address, bar the odd huge transaction which doesnt look like a donation. I saw the same thing actually. Donations were maybe $100 a month, but immediately went to 0 as soon as the price went up.

Yes this is also what I was going to get to. Btc being at the price it's at it's very unlikely anyone will be purchasing VIP or even donator status.

And it's kind of shitty because VIP members get some cool abilities but at the same time it doesn't justify 50 btc at the current price. A couple of years ago yes but today it's completely out of the question.

[Professor James Moriarty]

 Other than couple of ads here and there , what does forum make money? Its weird to say a forum can make money enough to make theymos say 'forum has enough money' , good job however you managed to make decent enough money with a forum


 Also about the $ BTC argument ;

https://i.imgur.com/gE8hDnY.jpg

[dogie]

 Other than couple of ads here and there , what does forum make money? Its weird to say a forum can make money enough to make theymos say 'forum has enough money' , good job however you managed to make decent enough money with a forum

Forums can actually be extremely lucrative due to the insane number of page views.

I think the real answer came up in this thread - no one is ever going to be VIP again at the current price. We can talk semantics all we want but its a dead mechanism. The last but one person donated over a year ago, and the last person some time before between then and now.

Same thing has happened on the generic donate address, bar the odd huge transaction which doesnt look like a donation. I saw the same thing actually. Donations were maybe $100 a month, but immediately went to 0 as soon as the price went up.

Yes this is also what I was going to get to. Btc being at the price it's at it's very unlikely anyone will be purchasing VIP or even donator status.

And it's kind of shitty because VIP members get some cool abilities but at the same time it doesn't justify 50 btc at the current price. A couple of years ago yes but today it's completely out of the question.

Maybe its time for something similar to VIP but updated for modern times, which still preserves the historical status of VIP?

[galbros]

Maybe its time for something similar to VIP but updated for modern times, which still preserves the historical status of VIP?

Wouldn't this be very easy to do?  You could convert all the current VIPs to something else, Founding Benefactor, or whatever, you could even let them vote on what they want to be called.  Give that the same benefits as VIP and reprice VIP at 5 or 1 or whatever.  Or create a new VIP* status.

On the other hand, theymos has already said that the forum has more than enough money, so maybe it really does not matter unless you want more VIP like members.

[Vortex20000]

Perhaps theymos should reprice VIP at 30 BTC. To me, that's more reasonable than 50 BTC.