In line with the plan to achieve sustainability (break-even), donations will directly reduce the posting fee, such that donations + forecasted posting fees - monthly rent = 0. The "forecast" will just use the prior month's post-count.
The next Fee Operation Management Committee will announce new posting fees according to the following schedule:
Block 856011 ~2024/08/10 13h00 UTC Block 860330 ~2024/09/09 13h00 UTC Block 864506 ~2024/10/08 13h00 UTC
See the prior month's post for more details @ 604610.
Treasury was 41K at end of May. I'm holding off ratifying rules around treasury burn until I see signs of stability in modelling the future. We're still bleeding money, and @jeff is plugging the holes.
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.
In August, we got very close to breaking even on a total-revenue+donation basis! Which means if donations are flat this month (ie >= ~38K), and there is just a tiny bit of growth, we might be close to a point where sustainability is in reach.
In line with the plan to achieve sustainability (break-even), donations will directly reduce the posting fee, such that donations + forecasted posting fees - monthly rent = 0. The "forecast" will just use the prior month's post-count for one more month. After September, we will introduce a dampening mechanism as discussed a month ago, to smooth out post-fee changes.
The next Fee Operation Management Committee will announce new posting fees according to the following schedule:
~2024/09/09 13h00 UTC
~2024/10/08 13h00 UTC
~2024/11/09 13h00 UTC
Note that I'm dropping the block-numbers, because I'm mixing them up with SN post #s.
Forecasted Posts in August= 287 Actual Posts in August = 289 Forecasted Posts in September = 289 Surplus of 2 posts vs forecast.
Treasury was 41K at end of May. I'm holding off ratifying rules around treasury burn until I see signs of stability in modelling the future. We're still bleeding money, albeit less slowly now, and @jeff is plugging the holes.
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.
There was a material uptick in my own accounts income from referrals. I'm trying to figure out if that is tied to the territory or not. If anybody knows, it would be helpful to understand as it might impact my model.
Cashflow from the "50% of 10%" of post-revenue, that is income ex-posting costs, is normally small and volatile. IMHO, it's so trivial, it's noise and barely worth this thread. Last month, we had a record setting post, (thanks to) 619793@Undisciplined. We don't get an isolated number for these posts, but the territory likely earned ~5K from that post.
I want to capture this inflow for the montly fee-post-cost-adjustment, in a way that doesn't increase volatility in posting costs.
Any ideas?
The one option I can think of, would be to declare a trailing moving average of ex-post-cost-income. Include the term in the post-calc-change logic each month, assuming the MoM growth = 0 %.
Also, bonus points for ideas that are simple to track or screw up.
The most obvious volatility reduction strategy, to me, is to only adjust posting fees by a fraction of what is recommended by your formula. Basically, dampen the system.
Your "566241" link is broken ?
It redirects to this post instead of this post
Oh, thank you. Yah, it seems the cirrect number, but wrong pointer.
Correct link is #566281
Oh dang, it's broken in two spots. Thank you.
🙏 Please Donate for August 2024🙏 Please Donate for August 2024
In line with the plan to achieve sustainability (break-even), donations will directly reduce the posting fee, such that donations + forecasted posting fees - monthly rent = 0. The "forecast" will just use the prior month's post-count.
The next Fee Operation Management Committee will announce new posting fees according to the following schedule:
Block 856011 ~2024/08/10 13h00 UTC
Block 860330 ~2024/09/09 13h00 UTC
Block 864506 ~2024/10/08 13h00 UTC
See the prior month's post for more details @ 604610.
Accounting NotesAccounting Notes
July Crowd FundingJuly Crowd Funding
Crowd Funded Contributions for July 2024 - thank-you!
@Undisiplined - 25K
@siggy47 - 5K
@grayruby - 3K
@anons - 5.1K
Total Crowd Funding = 38.1K
July RevenueJuly Revenue
40.9K according to the operational stats.
Posting NotesPosting Notes
Shortfall of ~44 posts vs forecast.
Treasury was 41K at end of May. I'm holding off ratifying rules around treasury burn until I see signs of stability in modelling the future. We're still bleeding money, and @jeff is plugging the holes.
Short Term Priorities & GoalsShort Term Priorities & Goals
These are unchanged.
Operational Metrics / Quick & Dirty Fee Change AnalysisOperational Metrics / Quick & Dirty Fee Change Analysis
All-Time
1.9m stacked \ 177.8k revenue \ 2.3m spent \ 2942 posts \ 14.5k comments
~ 4 weeks in March @ 10 sats-per-post:
215.7k stacked \ 19k revenue \ 247.3k spent \ 588 posts \ 1755 comments
April (proper):
277.9k stacked \ 26.8k revenue \ 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):
149.5k stacked \ 27.8k revenue \ 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
June (proper):
253.4k stacked \ 36.8k revenue \ 327.1k spent \ 331 posts \ 2297 comments
~4 weeks in June @ 136 sats-per-post:
260.4k stacked \ 35.5k revenue \ 332.4k spent \ 327 posts \ 2551 comments
July (proper):
339.4k stacked \ 40.9k revenue \ 423.8k spent \ 287 posts \ 2662 comments
~4 weeks in July @ 187 sats-per-post:
307.8k stacked \ 39.2k revenue \ 389.6k spent \ 250 posts \ 2230 comments
Territory Change LogTerritory Change Log
2024/07/11 - Increased the posting fee to 187 @ 604610
Owner's PledgeOwner'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.
DisclaimerDisclaimer
Do not donate with the expectation of receiving a share of future profits. This is not a security offering.
Prior UpdatesPrior Updates
July 2024 601808
June 2024 566281
May 2024 526847
April 2024 493332
March 2024 448054
Here's 5k from me again.
Thank you so much @siggy47!
25k again
Once we break even, I'll resume tapering.
Thank you! Looking forward to that point too!
3000 sats for August
https://m.stacker.news/43940
Thank you very much for your continued support!
Good to see that SN can be so much Charity!
I'll also donate from the next month.
Thanks mate! If you are so inclined, let us know a zap amount, for full attribution.
I can't say now. I'm new here. If I get good engagement on my posts and comments. I'll do it. I'll also inform you.
🙏 Please Donate for September 2024🙏 Please Donate for September 2024
In August, we got very close to breaking even on a total-revenue+donation basis! Which means if donations are flat this month (ie >= ~38K), and there is just a tiny bit of growth, we might be close to a point where sustainability is in reach.
In line with the plan to achieve sustainability (break-even), donations will directly reduce the posting fee, such that donations + forecasted posting fees - monthly rent = 0. The "forecast" will just use the prior month's post-count for one more month. After September, we will introduce a dampening mechanism as discussed a month ago, to smooth out post-fee changes.
The next Fee Operation Management Committee will announce new posting fees according to the following schedule:
Note that I'm dropping the block-numbers, because I'm mixing them up with SN post #s.
Accounting NotesAccounting Notes
August Crowd FundingAugust Crowd Funding
Crowd Funded Contributions for August 2024 - thank-you!
@Undisiplined - 25K
@siggy47 - 5K
@grayruby - 3K
@anons - 5.2K
Total Crowd Funding = 38.2K
August RevenueAugust Revenue
56.7K according to the operational stats.
Posting NotesPosting Notes
Forecasted Posts in August= 287
Actual Posts in August = 289
Forecasted Posts in September = 289
Surplus of 2 posts vs forecast.
Treasury was 41K at end of May. I'm holding off ratifying rules around treasury burn until I see signs of stability in modelling the future. We're still bleeding money, albeit less slowly now, and @jeff is plugging the holes.
Short Term Priorities & GoalsShort Term Priorities & Goals
These are unchanged.
Build ToolingBuild Tooling
Operational MetricsOperational Metrics
All-Time
1.9m stacked \ 177.8k revenue \ 2.3m spent \ 2942 posts \ 14.5k comments
~ 4 weeks in March @ 10 sats-per-post:
215.7k stacked \ 19k revenue \ 247.3k spent \ 588 posts \ 1755 comments
April (proper):
277.9k stacked \ 26.8k revenue \ 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):
149.5k stacked \ 27.8k revenue \ 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
June (proper):
253.4k stacked \ 36.8k revenue \ 327.1k spent \ 331 posts \ 2297 comments
~4 weeks in June @ 136 sats-per-post:
260.4k stacked \ 35.5k revenue \ 332.4k spent \ 327 posts \ 2551 comments
July (proper):
339.4k stacked \ 40.9k revenue \ 423.8k spent \ 287 posts \ 2662 comments
~4 weeks in July @ 187 sats-per-post:
307.8k stacked \ 39.2k revenue \ 389.6k spent \ 250 posts \ 2230 comments
August (proper):
263.5k stacked \ 56.7k revenue \ 376.7k spent \ 289 posts \ 2905 comments
~4 weeks in August @ 215 sats-per-post
189.3k stacked \ 75.8k revenue \ 339.4k spent \ 246 posts \ 2273 comments
Territory Change LogTerritory Change Log
2024/08/11 - Increased the posting fee to 215 @ 644200
Owner's PledgeOwner'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.
DisclaimerDisclaimer
Do not donate with the expectation of receiving a share of future profits. This is not a security offering.
Prior UpdatesPrior Updates
August 2024 637435
July 2024 601808
June 2024 566281
May 2024 526847
April 2024 493332
March 2024 448054
Additional NotesAdditional Notes
There was a material uptick in my own accounts income from referrals. I'm trying to figure out if that is tied to the territory or not. If anybody knows, it would be helpful to understand as it might impact my model.
Here you go. Sorry I missed it yesterday.
No worries mate, thank you so much for the support!
Note to future self: @siggy47 donated 10K to the top-level post, not the comment.
Sorry I zapped the wrong place.
Don't sweat it.
Correction: @Undisciplined donated 25K last month, not @Undisiplined
25k again
If we break even, then I'll continue the weening process and drop to 20k.
Thank you sir! That's what I'm hoping for!
3k sats sent for September
Thank you good sir!
My pleasure.
Call for Contributor & Donor Input RE: Cashflow treatment decisionCall for Contributor & Donor Input RE: Cashflow treatment decision
Cashflow from the "50% of 10%" of post-revenue, that is income ex-posting costs, is normally small and volatile. IMHO, it's so trivial, it's noise and barely worth this thread. Last month, we had a record setting post, (thanks to) 619793 @Undisciplined. We don't get an isolated number for these posts, but the territory likely earned ~5K from that post.
I want to capture this inflow for the montly fee-post-cost-adjustment, in a way that doesn't increase volatility in posting costs.
Any ideas?
The one option I can think of, would be to declare a trailing moving average of ex-post-cost-income. Include the term in the post-calc-change logic each month, assuming the MoM growth = 0 %.
Also, bonus points for ideas that are simple to track or screw up.
The most obvious volatility reduction strategy, to me, is to only adjust posting fees by a fraction of what is recommended by your formula. Basically, dampen the system.
I like this. How do we forecast ex-post-cost income?
I was thinking as simply as possible. Whatever your current price formula spits out for August, call it X, make the actual August price = (X + 187)/2.
You should still converge to the same place, but with less volatility and probably a little slower.
Adjust the post costs with minimum amounts. Don't go straight away cut the posting fees in half. Just change in single digit percentages.
Yah, thats the spirit of what im after, but I want to minimize the amount of subjectivity.
215
215Given 38.2K in donations for August, rent at 100K, and a 287 post forecast, the ~econ fee will change to 215 @ block height 856306.
This announcement is late by ~23h, apologies.
The next FOMC announcement will be at block 860330 ~2024/09/09 13h00 UTC.
If you'd like to see lower posting fees for ~econ, please consider donating in the next monthly crowd funding.
215
215Given 38K in donations for September, rent at 100K, and a 289 post forecast, the ~econ posting fee is (amazingly!) unchanged.
The next FOMC announcement will be around ~2024/10/08 13h00 UTC.
If you'd like to see lower posting fees for ~econ, please consider donating in the next monthly crowd funding.