Now that the dust has died down, here is an update on what you goats have done since the Angel announcement. If you haven't read this please do, it's a serious matter.
You have sent in 6.21405968 BTC in total which is approximately ~$12,428.00 USD (using $2K/BTC as price fluctuates). Please note the BTC donations were in a large part made by a single transaction.
Store Transactions:
| Date |
Amount |
| 18-May-2017 |
4,279.00 (USD) |
| 19-May-2017 |
5,200.00 (USD) |
| 20-May-2017 |
2,595.00 (USD) |
| 21-May-2017 |
1,800.00 (USD) |
| 22-May-2017 |
1,100.00 (USD) |
| Total* |
14,924.00 (USD) |
Total Donations:
| Date |
Amount |
| Store |
14,924.00 (USD) |
| BTC |
12,428.00 (USD) |
| Total |
27,352.00 (USD) |
Voat, I'm so very proud of you for pulling together and giving Voat another chance. I personally know that every donation is a sacrifice being made and I won't loose sight of this.
A note on hosting costs:
The value of $6,600.90 (USD) mentioned in the above announcement was for the billing period of 2017-04-01 through 2017-04-30. This means we have another bill coming up in one week. I did not turn down the hardware specs because of the uncertainty of the rather odd T_D advance and retreat we saw. Also, these amounts do not include all bills such as cloudflare and a few other small things were not added in.
This amount only gives us at most 3-4 months of operational only funds at our current burn rate, which isn't much. So now the real work begins.
Next Steps
In the short-run, we have to reduce operating costs significantly (porting to open backends and runtimes) and we need to get organized as a community. I simply cannot manage Voat alone and now is the time I admit this and open Voat up to help from the community. I will need volunteers to help with Voat's operations such sales, marketing, and community relations. If you have a strength and you want to help Voat, please send an email to [email protected] with your proposal. Voat also needs a lawyer for a few small things (our first pro-bono lawyer disappeared on us with no explanation) so if any are out there we'd love to hear from you.
I'm significantly delayed with responding to emails but I am working through them. Also, I am unable to stay on top of PM's through Voat (I have thousands of unread PMs). So please reach out via email if something is important.
I will shortly be making a post to v/voatdev with plans for migrating Voat to an open runtime.
Canary
https://voat.co/v/announcements/1330806
view the rest of the comments →
ShineShooter ago
Did our lawyer get clintoned? Jokes aside, thanks for the transparency through the costs of operation. Seeing the necessity and the small capital required greatly increases my will to donate.
Btw you ought to dump some of that BTC into cash, surely it's reaching peak price.
draegspir ago
But it's going to the moon!! Seriously, I really have no idea where bitcoin is going. If he's running a business, he probably should cash out and use it. Otherwise, keeping it in bitcoin is the same as taking the rest of the donation money he isn't using and putting it into bitcoin.
hels ago
Isn't dogecoin going to the moon?
draegspir ago
¯\_(ツ)_/¯
therealkrispy ago
Considering it'll all be spent in 4 months, I'm sure putt is gonna cash it out ASAP.
DontTreadOnMeMAGA ago
$27,000 isn't a lot of money, certainly not enough to burn your reputation forever. No one is truly anonymous online. Better to focus on saving the site for the long term. Reddit needs competition and there's no reason for voat to not be that.
zipcodemonster ago
I think he means cash out because he'll have to spend it.