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119 sats \ 8 replies \ @Undisciplined 3 Mar \ on: [meta] - Accounting for ~Econ 2024-03-03 + Crowdfunding March Territory Fees econ

I'll kick in 30k this month. I still somewhat feel like I'm getting the territory at a discount, because I probably would have founded it if you hadn't and then I'd be on the hook for 100k.

51 sats \ 7 replies \ @jeff OP 3 Mar

Thanks mate! I'm definitely looking at that cumulative number climbing...and it's starting to sting. 100K sats buys more than it used to.

21 sats \ 6 replies \ @Undisciplined 3 Mar

Perhaps you should do a sats-raiser to buy the territory outright and convert contributions into shares in future territory revenue.

51 sats \ 5 replies \ @jeff OP 3 Mar freebie

That's a security, sir.

I live in a country with very repressive laws, inhibiting economic freedom.

21 sats \ 4 replies \ @Undisciplined 3 Mar

If we have no contractual entitlement to the revenue share, then I think it's just a gift. That means we have to trust you and can't go crying to k00b if you don't follow through.

Still, you're right about it being dangerous ground.

30 sats \ 3 replies \ @jeff OP 3 Mar

convert contributions into shares in future territory revenue

^ That would be a contractual obligation.

I've got a couple other ideas on how to make this thing sustainable. But, just no personal time to execute them until later in 2024 (at the earliest). Patience.

40 sats \ 2 replies \ @Undisciplined 3 Mar

Couldn't it be considered repayment of a zero interest loan? At least, until we hit a point of full repayment.

30 sats \ 1 reply \ @jeff OP 3 Mar

Loans are securities too.

0 sats \ 0 replies \ @Undisciplined 3 Mar

Ok, I'm sure you're right.

I think the dev team is working on coownership of territories anyway, so no need to put yourself in that position.

I look forward to hearing your ideas (and hopefully ideas from others).

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