pull down to refresh
163 sats \ 7 replies \ @jeff 6 Jun \ on: Stacker Saloon
@Undisciplined, do you still want the ~econ territory?
I keep saying to myself, "next month, I'll have more time"...but...I just keep taking on new customers/contracts/jobs. I think I've done it 6 months in a row.
Yeah, I'm still interested.
reply
There are a couple options here.
- Full transfer, I step out (you can buy it outright, or rent monthly)
- Partnership - buying it outright, splitting on the 3M
- Partnership - continued renting monthly
No matter what we decide here, I think it makes sense for you to take the actual administrative control of the territory, so for discussion purposes, lets assume I transfer it completely, and I have to completely trust you.
Is there any of the above you prefer?
Caveats
I need to make sure who ever takes over, can commit to the
Owner's Pledge, I have used in the past few months. It's a commitment I don't take lightly.There is 41K sats in the Treasury. I need to handle this gracefully somehow.
reply
Can you direct me to the Owner's Pledge? I doubt I'll have any issue with it, but I want to make sure.
I love the idea of splitting an outright buy with you. Let me know what you would want that to look like. Is it easiest for you to pay the 3M and then transfer control after I pay you 1.5M?
Other than wanting me to take over administrative control, how are you envisioning a partnership arrangement?
reply
RE: pledge
This has been on the donation-requests pages:
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.
RE: sequencing
...I'm mulling just trusting you today, giving it to you, on faith/trust, and I pay you after transferring, simply because I don't have time to dig up cold-storage this week.
RE: partnership
This is why I'm slow to respond here. I'm mulling just giving you 51%, you control all decisions. I chime in with my $0.02, you consider it, and then do what you think is best. And I don't complain whatever the outcome. :) ...but, there is also a scenario where if there is more money flowing in, maybe it starts to make sense for me to help build tech-related things, and we start taking things more serious.
The only stipulation I'm mulling attaching to just outright giving you control on faith right now is... some kind of constraint, like, I get veto rights for you to sell/transfer/abandon it -- indefinitely. Basically, I don't want to give it to you, and then you turn around and sell it or flip it somehow, or in the event of abandonment (eg. you disappear for 12 months), I get it back.
reply
That's what I thought the pledge was. I have no objection to that, whatsoever.
There's no chance that I would sell without consulting you, but I get that you have to take my word for that.
I don't know how we would implement the abandonment stipulation, but I have no objection to it in principle.
reply
Apologies for the slow reply. Both a busy day, and I'm thinking about what's best to do.
I thought of a potential issue with splitting it on the honor system. Fast forward 8 months, you've put in some creativity somehow, or a bunch of work, and I've not contributed. There is imbalance. Resentment grows. Suddenly forwarding revenue gets contentious for some reason. Time is worth something. Even just tracking the split is a PITA.
I think, unless the software properly supports co-owners, might be best to just go all-or-nothing. Maybe. Not sure. Which means I think I'm leaning to just giving you 100%.
But, I think I want to see if my schedule opens up, before I make that final call. It all rides on if I have enough time to build what I want to build.
I think if I still feel like I don't have enough time to do what I want on the tech-tooling side, then you can have it, probably in a few months.
reply
I recall them talking about adding co-ownership functionality, but I have no idea where that sits on their to-do list.
I'm fine with proceeding along the lines you lay out. If we get a few months down the road and there's no mechanism for co-ownership and you find you don't have the time you'd like to invest in the territory, then I'll happily take over.
From there, once they do implement co-ownership, we can revisit the idea.
FWIW, if we split an outright buy, I think my attitude would be that any effort either of us invests is purely voluntary, since we would both have the option of sitting back and treating the territory as a passive income source. I appreciate the concern, though, about getting into an arrangement like that with someone you only know online.
reply