🙏 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.
  1. Break even with crowdfunding
  2. Break even without crowdfunding
  3. Build up treasury
  4. Run incentive backed games
  5. 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

July 2024 601808 June 2024 566281 May 2024 526847 April 2024 493332 March 2024 448054
25k again
Once we break even, I'll resume tapering.
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Thank you! Looking forward to that point too!
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21 sats \ 1 reply \ @siggy47 6 Aug
Here's 5k from me again.
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Thank you so much @siggy47!
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21 sats \ 1 reply \ @grayruby 6 Aug
3000 sats for August
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Thank you very much for your continued support!
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Good to see that SN can be so much Charity!
I'll also donate from the next month.
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21 sats \ 1 reply \ @jeff OP 8 Aug
Thanks mate! If you are so inclined, let us know a zap amount, for full attribution.
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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.
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