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🙏 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.
Disclaimer
Do not donate with the expectation of receiving a share of future profits. This is not a security offering.
Prior Updates
🙏 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 Notes
July 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 Revenue
40.9K according to the operational stats.
Posting Notes
- Forecasted Posts in July = 331
- Actual Posts in July = 287
- Forecasted Posts in August = 287
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 & Goals
These are unchanged.
- 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
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 Log
2024/07/11 - Increased the posting fee to 187 @ 604610
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.
Disclaimer
Do not donate with the expectation of receiving a share of future profits. This is not a security offering.
Prior Updates
🙏 Please Donate for July 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 851691 ~2024/07/11 13h00 UTC
- Block 856011 ~2024/08/10 13h00 UTC
- Block 860330 ~2024/09/09 13h00 UTC
See the prior month's post for more details. #566281
Accounting Notes
June Crowd Funding
Crowd Funded Contributions for June 2024 - thank-you!
Total Crowd Funding = 48.2K
June Revenue
- 37K according to the operational stats.
Note that this is the first month without a rake being taken off of the donations.
Posting Notes
of Actual Posts in June = 331
of Forecasted Posts Posts in June = 380
of Forecasted Posts in July = 331
Shortfall of ~49 posts vs forecast. We probably saw posts drop off a bit due to the higher cost.
Treasury was 41K at end of May. I haven't yet decided if I want-to/should-be dipping into the treasury to cover shortfalls or not. Goes without saying, I'm cover the balance each month unless the Treasury does. I'm leaning towards a half-life concept applied to the Treasury, where up to half of the existing treasury can be spent in any given month. I don't know why, but I think I like the idea of a capped burn rate and setting a precedence while I'm the only person with spending-authority, so that hopefully when there are more, the entire treasury can't be spent in any given month. Feedback welcome. I still need to do that cumulative YTD analysis.
Short Term Priorities & Goals
These are unchanged.
- 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
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
Territory Change Log
2024/06/05 - Lowered the posting fee to 136. See #568328
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.
Disclaimer
Do not donate with the expectation of receiving a share of future profits. This is not a security offering.
Prior Updates
June 2024 #566281
May 2024 #526847
April 2024 #493332
March 2024 #448054
Probably not as big of a deal as it seems. Most other credit ratings agencies had already downgraded US debt, so it's not exactly providing new information to the market.
What I recall from previous downgrades was concern over certain large funds (like pensions) only being allowed to hold AAA rated bonds. They would then have to dump rather large treasury holdings.
Two things can happen to make that relatively unimportant: 1) the funds can change their rules and 2) other large buyers can step in at a very similar price point because the Treasury market is unfathomably deep.
If you have a simple Electrum wallet file then it actually makes things pretty easy.
- In Sparrow Wallet go to "File" -> "Import Wallet..."
- Next to "Electrum" click "Import File..."
- Locate the Electrum wallet file (usually in ~/.electrum/wallets/)
- You are asked to name the wallet. Click "Create Wallet".
- Optionally set a password
- Now you have imported the wallet and your SegWit Coins should appear.
- Switch to the "Settings" tab
- Change "Script Type" to "Taproot (P2TR)"
- When asked whether to clear the keystores, select "No"
- Click "Apply"
- Now you should see your "lost" Taproot coins, ready to be spent.
🙏 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:
- ~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.
Accounting Notes
August 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 Revenue
56.7K according to the operational stats.
Posting 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 & Goals
These are unchanged.
- Break even with crowdfunding
- Break even without crowdfunding
- Build up treasury
- Run incentive backed games
Build Tooling
Operational 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 Log
2024/08/11 - Increased the posting fee to 215 @ 644200
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.
Disclaimer
Do not donate with the expectation of receiving a share of future profits. This is not a security offering.
Prior Updates
August 2024 637435
July 2024 601808
June 2024 566281
May 2024 526847
April 2024 493332
March 2024 448054
Additional 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.
Ah yes, I'm a warmonger for... not wanting myself and friends of mine to be murdered by Russian invaders?
People I personally know had their homes taken during the initial stages of the invasion. Russian forces looted their homes, taking everything of value. Many of the people who didn't flee in time were simply murdered - a common way to die was to have Russians throw grenades into your basement window. And for that matter, lots of the women and girls who didn't flee in time were raped.
How did those people I personally know get their homes back? Not through diplomacy or negotiations or dialog. They got their homes back because Ukrainian society organized a defense, and killed those Russians in large enough numbers that they abandoned those parts of Ukraine, and went back to the border. Unfortunately not every home - I also know people whose homes are still in occupied territory. But in time, this theft of land and resources can be entirely reversed.
It's not "warmongering" to defend yourself. It's no "warmongering" to help other's defend themselves. What is warmongering, indirectly, is to try to stop others from being able to defend themselves. You, @DarthCoin, are warmongering by the fact that you are setting up conditions where future, genuine, warmongerers like Russia will be able to profitably repeat wars against defenseless targets.
When you get down to it, what Russia is doing is ultimately the same as common thieves and murderers. Russia is invading land, and killing and subjugating the population, and stealing their property and resources. Any sane, intelligent, person supports the use of violence to stop murder and theft. You are not such a person.
20.5k sats \ 4 replies \ @bitcoinplebdev 3 Feb \ parent \ on: Learning to code: My MVP as inspired by PlebDev devs
Awesome, thanks for the progress update and feedback! The feeling of stacking repos / commits is one of the coolest things, it's like building a canvas of knowledge and work slowly over years I definitely wanna help every new dev get addicted to that experience.
- Yeah code shortcut can be weird on different OS's, mine on mac will just stop working lol
- This is when you were sending a zap on the course or lesson through the UI? Can you tell me what browser you were using or if on mobile and how you paid? The zapper app integration has been a bit shaky, I'm gonna be doing my own full e2e implementation of zaps soon.
- Yeah I need to like record myself doing this in a lot more detail and on multiple OS's probably. Honestly this process is so confusing and easy to forget I had to watch a tutorial myself before recording that lesson 😂
I appreciate the feedback this is helpful AND encouraging to know people are going through it and finding value! This is just V1 of the starter, I will redo it and improve it at some point soon cause I know how important it is to have an empowering and fun intro for this stuff and these little blockers can be so devastating for that hah
- https://nostrapps.com/ can be used to get a sense of different types of content.
- https://stats.nostr.band/#daily_other_events shows non-note events (the column graph is the worst way to render this information :) )
Now in terms of brainstorming - it would be cool if I can run a (local / self-hosted) agent that helps me reduce and focus the information that I consume across youtube, nostr, social, sn.
I get easily distracted, I watch stupid zero-value videos, etc. If I could have a configurable agent that helps me get "less, but better" content and yet still make sure that it's engaging and entertaining, that would be really useful.
Pokemon is a game for Gameboy. Twitch is a live video streaming app. “Twitch Plays Pokemon” was a popular phenomenon where Twitch users would collaborate to play a SHARED game of Pokemon on Gameboy. Here's how it worked:
Participants would use the Twitch message board to enter commands that then got executed in the gameplay. For example, if someone entered the command “right”, that would cause the player to move 1 space to the right. Commands would execute immediately after they were received, and anyone could enter a valid command at any time. You can think of Twitch Plays Pokemon as the more practical equivalent of placing a Gameboy in the middle of a crowded room and telling everyone to push buttons at the same time. As you might expect, the gameplay of Twitch Plays Pokemon was quite “twitchy”, but in a very “infinite monkey theory” way, progress could eventually be made.
In an effort to streamline play, a new game mode was devised in which players would “vote” for the next command and, every 4 seconds, whatever command received the most votes over the previous 4 seconds would execute in the game. Also introduced in this mode was the ability to attach multipliers to a command, such that the command would execute that number of times. For example, “right2” would cause the player to move 2 spaces to the right. “right3” would cause the player to move 3 spaces to the right, and so on. The highest number any participant could place after a command was 9, meaning whatever command they entered would execute 9 times. As you might expect, gameplay in this mode was less chaotic, more efficient, but it also meant each participant had less direct and immediate influence over the game. If a group of even 5-10 got together and colluded on their votes, they could practically take over the game and make contrarian ideas irrelevant. The new game mode was called “Democracy”, and the original game mode became known as “Anarchy”. Which game mode was engaged was itself governed by a democratic process: if more participants wanted to play in Democracy mode, then Democracy mode engaged; if more wanted to play in Anarchy mode, then Anarchy mode engaged.
To summarize: in Anarchy mode, everyone had equal influence over the game, but progress was slow and clunky. In Democracy mode, progress was fast and efficient, but colluding groups could marginalize individual participants and ruin the game for them.
So… individual participants discovered a means of effective protest whenever Democracy mode became suffocating, but they could not garner enough votes to switch back to Anarchy mode. Someone would type the command “start9” into the comments. This command meant “open the start menu 9 times in a row”, which, as you might imagine, would be enormously disruptive if executed. The entire screen would be blocked by the start menu, over and over. Typing “start9” was a participant's way of signaling to other participants that they felt marginalized by Democracy mode, and they were ready to fight back. If others felt the same, they could also begin typing “start9” - then, sure enough, “start9” would finally receive more votes than the colluding group's command, and the menu opening would begin. Every 4 seconds, the menu would open 9 times…again, and again, and again…until finally, the colluding group would be forced to either cooperate in reverting the game mode back to Anarchy mode or quit altogether.
Playing in Anarchy mode was impractical, but people did not want to play a game where they had no voice, where a group of insiders had taken total control. And so “start9” became the battle cry of the individual, the out-group, a means of signaling to other individuals that it was time to fight back against the usurpers - to use their own rules against them, until there was no alternative but to return control to the individual participants.
Peter Todd made a post on BitcoinTalk, shortly before Satoshi disappeared, seeming to complete Satoshi's thoughts from an earlier post.
Greg Maxwell made a really good point this morning regarding that:
"Also, at the time petertodd's account was named 'retep' and didn't have any immediately obvious connection to his identity. If there had been a slipup he could have just abandoned the account and certainly not later had it renamed to his legal name!"
-https://news.ycombinator.com/item?id=41783503#41784045
A chat leak in which Peter Todd allegedly claims to "know more about sacrificing Bitcoin than anyone else", or something to that effect. The implication is that if he's Satoshi and he burned his keys, he'd know more than anyone else about sacrificing Bitcoin.
Utter nonsense. I was just talking about proof-of-sacrifice, a cryptographic technique used in things like Joinmarket: https://github.com/JoinMarket-Org/joinmarket-clientserver/blob/master/docs/fidelity-bonds.md
Satoshi's posting history allegedly follows a school-year type pattern, more active during the summer and less active during school semesters. Peter Todd would have been in school during those years.
That sure narrows it down to what... 1 billion people? :D
14.9k sats \ 1 reply \ @eltordev 17 Jul 2024 \ on: El-Tor: High Bandwidth⚡️Tor Network Release! builders
deep state took the video down. here is a new link https://www.youtube.com/watch?v=smS18ZO9fes
Also available on rumble https://rumble.com/v57bp7h-el-tor.html
wss://nos.lol,wss://relay.damus.io,wss://relay.nostr.band,wss://nostr.wine. Hope this helps!