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To @Undisciplined, and whom it may concern,
cc @siggy47, @grayruby, @OriginalSize, @030e0dca83, @StillStackinAfterAllTheseYears, other past crowd funders, and of course the ~econ posters.
The ~econ territory is roughly 1 year old this month. When I originally registered it, I had a fantasy of being able to steer two very cool things 1) an organically growing KYC-free BTC-denominated cashflow turned treasury that I could effectively give away without the trouble of paper-work b) an economically-savvy community that would be intrinsically motivated to help design incentive-backed BTC-adoption games -- seeded, or even sustained, by #1. Seemed like it could be really fun.
Just a few months ago, we started breaking even on a month-to-month, sats-denominated basis, albeit not yet running a cumulative profit. So the fantasy is getting closer, but still far away. However, an inconvenient blessing landed for me; work started ramping up even more. I was recently promoted, so the next 12 to 24 months looks both bright and busy for me. It sounds odd, but I don't have a spare ~2h per month even to update the accounting, or even script it, like I want to, let alone build those games. Family and work need to take priority, for me.
So - @Undisciplined, are you still up for taking over? If so, I have three conditions, and it's yours.
1 - If/when you ever sell or even transfer the territory I get a right of first refusal, at whatever prevailing terms you're seeking, less 300K sats. The roughly ~900K sats I've put in so far, carry forward at a third. Example - if you had a buyer willing to pay 1000K sats, I'd have a right of first refusal to pay you 700K sats. A "buy-it-back-credit" of 300K sats, if you will. If you never sell or transfer, you owe me nothing. If for some reason the buy-it-back-credit becomes incompatible with the future, you can adapt it as you see fit in line with the spirit, intent and magnitude of the claim -- measured in sats. 2 - If/when the features arrive for co-management & governance, you'll consider inviting me back to help with both. You don't have to add me back, but you do have to consider it. 3 - You honor the spirit of the Owner's Pledge, I made during all prior crowd funding. Repeated below for completeness. Since you were by far the largest contributor, the balance of the liability associated with this pledge is empirically on the order of just ~100K sats.
Fair? If not, let me know how to adapt.
Of course, these terms are inked in trust. I trust you to honor them. They are intentionally vague. Expecting high-integrity and in good faith, is sufficient here. At least for me.
I'd transfer today, or within hours of me seeing your acceptance.
Thank you, @jeff

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, commensurate with their contributions.
Your terms are acceptable (to me and, probably more importantly, to the wife).
Let me know what needs to happen for a peaceful transfer of power.
Btw, you will be welcome back with open arms in whatever capacity you like, whenever you like. I plan on paying the yearly rate, so we can always work out the cost share straightforwardly, when that time comes.
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You are a poor negotiator. Haha. Congrats.
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No kidding. That's why I'm not a semi-retired business guy.
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And do u pledge to start an ~Econ podcast and have @denlillaapan as a guest?
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Absolutely not. I may well do that, but I will make no such pledge.
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Done, enjoy!
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Dang, that was easy.
Now I need to prepare an announcement.
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Congratulations for becoming a territory owner here for the first time. Fist time, right?
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Now the territory cost is just halved, I'm kinda itching so much more than before to own one but I'm just not having any good idea to start with.
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I remember the day they launched wondering if I was missing out. It's only a year later, now, and I have clarity about the decision.
Be patient and your opportunity will present itself.
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I can take over ~stacker_sports. I don't think I'm fit for others if someone sells or discards or abandons.
But with all the fuss around assmilking, I even gave it a thought. Haha
~Econ is tailor made for you with so much knowledge you possess about economics and trade. When you look at my past posts, before I went so much with sports, I used to post a lot about Indian economy. I'll try to make a comeback.
Territory cost just halved?
TIL.
I missed that announcement.
All well. Hopefully gets @Undisciplined to a surplus sooner!