🙏 Please Donate for June 2024

In prior months, I set an arbitrary fund raising goal.

New plan/experiment/goal to achieve sustainability (break-even):

Donations will directly reduce the posting fee, such that the forecast is donations + posting fees - monthly rent = 0. The "forecast" will just use the prior month's post-count.

Zaps to this comment, will count towards donations for June. Please make a comment in a reply if you contribute something material.

I expect this to still lose money in the short term, even after post-revenue, as posting fees climb and post count drops. We'll update the policy, if we find equilibrium.

If it works...

a) donations should shrink over time, posting fee will predictably drop over time, and content should go up. Unclear what will happen to quality. Fingers crossed. b) donors are directly, kindof, buying more content for the month ahead (lower fees = more posts/content, see analysis below). c) frequent-posters who stack-more-by-posting-more can optionally do some math to see if it's rational for them to donate.

Example:

Assume there is 60K sats from donations today. Given last month, that there were 380 posts, I would say "Assuming 380 posts in ~June, I'd have to charge 40K / 380 = 105 sats per post, to break even.

Example 2:

If nobody donates today, then the fee would rise to 263 today (100K / 380), and then probably rise again the month after, because post count would likely drop again.

It's kindof fun, to run a mini-economic policy update based on inputs like the above.

Accounting Notes

Crowd Funded Contributions for May 2024 - thank-you!

@Undisciplined - 25K x 90% = 22.5K* @grayruby - 2K x 90% = 1.8K* @StillStackinAfterAllTheseYears - 1K x 90% = 900* @siggy47 and anons = 7.3K x 90% = 6.6K*

Fundraising Target was 55K, so considering this a deficit, I'll pick up the difference. Treasury was 41K at end of May. I guess this means I should be drawing on the treasury. Seems fair. TBD on the Treasury / Cashflow update; easy to sort that out. Import thing is to capture notes above.

Short Term Priorities & Goals

Break even with crowdfunding
Break even without crowdfunding
Build up treasury
Run incentive backed games
Build Tooling

Operational Metrics / Quick & Dirty Fee Change Analysis

All-Time 965.8k stacked \ 102.6k revenue \ 1.1m spent \ 2366 posts \ 9742 comments

~ 4 weeks in March @ 10 sats-per-post: 215.7k stacked \ 19k revenue \ 247.3k spent \ 588 posts \ 1755 comments

April (proper): 26.8k revenue \ 277.9k stacked \ 322k spent \ 605 posts \ 2303 comments

~4 weeks in April @ 21 sats-per-post: 203.9k stacked \ 24.6k revenue \ 239.3k spent \ 537 posts \ 2151 comments

May (proper): 27.8k revenue \ 149.5k stacked \ 194.8k spent \ 380 posts \ 2095 comments

~4 weeks in May@ 100 sats-per-post: 105.3k stacked \ 26k revenue \ 144.6k spent \ 326 posts \ 1919 comments

People consider the fee difference before posting. 5x the fee, didn't 5x the revenue.

Territory Change Log

2024/05/04 - Raise the posting fee to 100. Apologies for not being transparent about this. In hindsight, I suppose I should have alerted folks. Will do better on this front. Maybe thats a feature @k00b could add. Warn the users if the posting fee has changed since the last time they posted.

Owner's Pledge

If this territory ever runs a cumulative net profit, I'll find a way to do right by the earliest contributors. There is no guarantee of that scenario. Most likely, it'll take the form of "pay-it-forward"-style BTC-adoption/effort/charity.