How much did you pay yourself?
I had a lower salary than almost all of the developers and took a bonus of equal size.
How much did you pay yourself?
If you are unhappy with how we managed the money I am sorry, I suggest you focus on how the government is waisting far more than I did.
QuoteI had a lower salary than almost all of the developers and took a bonus of equal size.
Thanks for the transparency and happy new year. Good work this year Dan. It must have been hell getting through all of it. Hopefully next year will be better for both of us.
Waist - BM's kryptonite. Maybe he is eating too many pies.
I grew two belt notches this year... it is on my mind :)If you are unhappy with how we managed the money I am sorry, I suggest you focus on how the government is waisting far more than I did.
Waist - BM's kryptonite. Maybe he is eating too many pies.
Happy New Year fellow BTSers :)
In 2015 we hope to raise the bar in both efficiency, productivity, and transparency.
How much did you pay yourself?
I had a lower salary than almost all of the developers and took a bonus of equal size.
How much did you pay yourself?
I had a lower salary than almost all of the developers and took a bonus of equal size.
I applaud your efforts, dedication and vision bytemaster. Thank you for all you have done and will do.
Heres to a great 2015.
PS. This goes for all the other developers too by the way :)
No Bonuses for the BTS supporter here :'(,but we love you all.Happy New Year 2015,Happy New BTS Year. ;)
BTS ID:coolman
Thx for the efforts and transparancy ... the devs deserve every single larimer ... for sure ...
What?? Not one person bitching and moaning? It almost like all these people from all over the world have a unifying goal and shared vision. That shit is powerful.
Well done everyone. 2015 is going to be epic.
What?? Not one person bitching and moaning? It almost like all these people from all over the world have a unifying goal and shared vision. That shit is powerful.
Well done everyone. 2015 is going to be epic.
Just wait for it.....
You mentioned trying to be more efficient in 2015, did you feel like you weren't efficient in 2014? What do you plan to do differently in 2015?
What?? Not one person bitching and moaning? It almost like all these people from all over the world have a unifying goal and shared vision. That shit is powerful.
Well done everyone. 2015 is going to be epic.
Just wait for it.....
You mentioned trying to be more efficient in 2015, did you feel like you weren't efficient in 2014? What do you plan to do differently in 2015?
In 2014 there was a bit of wasted effort on Keyhotee and the Marketing department failed miserably. 2015 should be much better.
What?? Not one person bitching and moaning? It almost like all these people from all over the world have a unifying goal and shared vision. That shit is powerful.
Well done everyone. 2015 is going to be epic.
What?? Not one person bitching and moaning? It almost like all these people from all over the world have a unifying goal and shared vision. That shit is powerful.
Well done everyone. 2015 is going to be epic.
Complaining amidst this circle jerk would be pointless.
I will predict that 6months from now, despite this $50K bonus to each developer, there will be complaining about how they are not getting paid enough and most likely will "propose" multiple delegates per developer or they will bail. The $150K for the past year is more than the average targeted BitShares user will make over 3 years, but not enough for themselves.
In light of the Marketing mess and AGS funds depleted, I do find this a slap in the face. A $50,000 bonus after all the claims of of "we are out of money". I guess this was Brian Page's earmarked shares that you guys are greedily taking for yourselves?
*Why no bonus for the NullSt. people? Can I have a severance too? I will take 3 million BTS to go away and never come back. Send to newmine ;)
It's more than profit. It's changing life for millions of people if it works.
Happy New Year.
What?? Not one person bitching and moaning? It almost like all these people from all over the world have a unifying goal and shared vision. That shit is powerful.
Well done everyone. 2015 is going to be epic.
Complaining amidst this circle jerk would be pointless.
I will predict that 6months from now, despite this $50K bonus to each developer, there will be complaining about how they are not getting paid enough and most likely will "propose" multiple delegates per developer or they will bail. The $150K for the past year is more than the average targeted BitShares user will make over 3 years, but not enough for themselves.
In light of the Marketing mess and AGS funds depleted, I do find this a slap in the face. A $50,000 bonus after all the claims of of "we are out of money". I guess this was Brian Page's earmarked shares that you guys are greedily taking for yourselves?
There is no greed going on here. Is the average targeted BitShares user working 60+ hours per week? These developers could be earning over $100K per year at places like google and for the next 6 months are working for delegate pay of just $2500 per month or less than $10,000. The only person who is greedy are those who expect to profit from the work of others.
As far as "out of money" goes we are out of BTC and the BTS we have remaining is all budgeted for the next year and thus cannot be spent.
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
Quote*Why no bonus for the NullSt. people? Can I have a severance too? I will take 3 million BTS to go away and never come back. Send to newmine ;)
That is why you don't get a bonus/severance. Those that did get it are committed to the cause and will not abandon the project even though in our contract-free ecosystem they could.
(By the way, I see no evidence of Satoshi Nakamoto asking to be paid while he developed Bitcoin)
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
I reneged on my offer which effectively blacklists me from applying there again any time soon. "They would have" is directly contradicted by the evidence.
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
I reneged on my offer which effectively blacklists me from applying there again any time soon. "They would have" is directly contradicted by the evidence.
I apologize. Can I have a link to the "evidence".
Quote*Why no bonus for the NullSt. people? Can I have a severance too? I will take 3 million BTS to go away and never come back. Send to newmine ;)
That is why you don't get a bonus/severance. Those that did get it are committed to the cause and will not abandon the project even though in our contract-free ecosystem they could.
Wat? I have no affiliation with NullSt guys. I am just saying they are making about $2K per month and doing a better job than all of you guys, Stan, You, Brian Page etc. in the marketing arena and your near 1/2 a million dollars in pay you've paid yourselves. Just saying, maybe Stan's bonus (not sure why he earned it) should've gone to those guys.
Quote(By the way, I see no evidence of Satoshi Nakamoto asking to be paid while he developed Bitcoin)
Lol. All praise satoshi, the great messiah of crypto. Our lord and saviour did not ask for payment for developing his bit coin, thus anyone doing so are HERETICS!!!
Quote*Why no bonus for the NullSt. people? Can I have a severance too? I will take 3 million BTS to go away and never come back. Send to newmine ;)
That is why you don't get a bonus/severance. Those that did get it are committed to the cause and will not abandon the project even though in our contract-free ecosystem they could.
Wat? I have no affiliation with NullSt guys. I am just saying they are making about $2K per month and doing a better job than all of you guys, Stan, You, Brian Page etc. in the marketing arena and your near 1/2 a million dollars in pay you've paid yourselves. Just saying, maybe Stan's bonus (not sure why he earned it) should've gone to those guys.
Hey NewMine, how are things going with NXT?
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
I reneged on my offer which effectively blacklists me from applying there again any time soon. "They would have" is directly contradicted by the evidence.
I apologize. Can I have a link to the "evidence".
PM'ing you
What?? Not one person bitching and moaning? It almost like all these people from all over the world have a unifying goal and shared vision. That shit is powerful.
Well done everyone. 2015 is going to be epic.
Complaining amidst this circle jerk would be pointless.
I will predict that 6months from now, despite this $50K bonus to each developer, there will be complaining about how they are not getting paid enough and most likely will "propose" multiple delegates per developer or they will bail. The $150K for the past year is more than the average targeted BitShares user will make over 3 years, but not enough for themselves.
In light of the Marketing mess and AGS funds depleted, I do find this a slap in the face. A $50,000 bonus after all the claims of of "we are out of money". I guess this was Brian Page's earmarked shares that you guys are greedily taking for yourselves?
There is no greed going on here. Is the average targeted BitShares user working 60+ hours per week? These developers could be earning over $100K per year at places like google and for the next 6 months are working for delegate pay of just $2500 per month or less than $10,000. The only person who is greedy are those who expect to profit from the work of others.
As far as "out of money" goes we are out of BTC and the BTS we have remaining is all budgeted for the next year and thus cannot be spent.
It's total greed on all accounts and parties. Even me. Your altruistic intentions disappeared the second you required people to "donate" in order for you to develop your world changing idea.(By the way, I see no evidence of Satoshi Nakamoto asking to be paid while he developed Bitcoin). They further disappeared when you devalued your investors share so you could continue to siphon money out of BTS just to stay on board.
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have. It speaks volume that you resort to this justification continually. Just because you guys misjudged the opportunity cost involved in working on this project, doesn't mean you get to risk everyone's investment a la VOTE dilution and these bonuses so you make yourself whole in value to what you predicted you should've been paid.
People don't work for free.
People don't work for free.
I am not sure about that...
Can you define "free" ?
Sent from my ALCATEL ONE TOUCH 997D
People don't work for free.
I am not sure about that...
Can you define "free" ?
Sent from my ALCATEL ONE TOUCH 997D
Work full time requires money for food, shelter and clothing.
What?? Not one person bitching and moaning? It almost like all these people from all over the world have a unifying goal and shared vision. That shit is powerful.
Well done everyone. 2015 is going to be epic.
Complaining amidst this circle jerk would be pointless.
I will predict that 6months from now, despite this $50K bonus to each developer, there will be complaining about how they are not getting paid enough and most likely will "propose" multiple delegates per developer or they will bail. The $150K for the past year is more than the average targeted BitShares user will make over 3 years, but not enough for themselves.
In light of the Marketing mess and AGS funds depleted, I do find this a slap in the face. A $50,000 bonus after all the claims of of "we are out of money". I guess this was Brian Page's earmarked shares that you guys are greedily taking for yourselves?
There is no greed going on here. Is the average targeted BitShares user working 60+ hours per week? These developers could be earning over $100K per year at places like google and for the next 6 months are working for delegate pay of just $2500 per month or less than $10,000. The only person who is greedy are those who expect to profit from the work of others.
As far as "out of money" goes we are out of BTC and the BTS we have remaining is all budgeted for the next year and thus cannot be spent.
It's total greed on all accounts and parties. Even me. Your altruistic intentions disappeared the second you required people to "donate" in order for you to develop your world changing idea.(By the way, I see no evidence of Satoshi Nakamoto asking to be paid while he developed Bitcoin).
NXT is horrible! Wouldn't touch it with your money?
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
I reneged on my offer which effectively blacklists me from applying there again any time soon. "They would have" is directly contradicted by the evidence.
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
I reneged on my offer which effectively blacklists me from applying there again any time soon. "They would have" is directly contradicted by the evidence.
I'm grateful that you did. If we can get this to work, just think of all the good it will help to produce. What a great use of talent and what a legacy for yourself, dan and others.
Let's bring this puppy home over the next year or two and be grateful for what we have. There's a lot of people suffering out there.
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
I reneged on my offer which effectively blacklists me from applying there again any time soon. "They would have" is directly contradicted by the evidence.
I'm grateful that you did. If we can get this to work, just think of all the good it will help to produce. What a great use of talent and what a legacy for yourself, dan and others.
Let's bring this puppy home over the next year or two and be grateful for what we have. There's a lot of people suffering out there.
I personally agree with Rune's Statement that top devs should temporarily have more than 1 delegate. It is beyond frustrating to me that people would even question whether someone like toast should be getting paid well for their work. It is not like these guys are just sitting around drinking beer and eating chips all day...
They are innovating, working hard, pitching marketing ideas, helping manage forums and github repos, answering questions of investors, attending interviews...etc. I sincerely doubt any of them get a normal night's sleep--ever. The amount of complaining I see is (imho) shameful.
+1Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
I reneged on my offer which effectively blacklists me from applying there again any time soon. "They would have" is directly contradicted by the evidence.
I'm grateful that you did. If we can get this to work, just think of all the good it will help to produce. What a great use of talent and what a legacy for yourself, dan and others.
Let's bring this puppy home over the next year or two and be grateful for what we have. There's a lot of people suffering out there.
I personally agree with Rune's Statement that top devs should temporarily have more than 1 delegate. It is beyond frustrating to me that people would even question whether someone like toast should be getting paid well for their work. It is not like these guys are just sitting around drinking beer and eating chips all day...
They are innovating, working hard, pitching marketing ideas, helping manage forums and github repos, answering questions of investors, attending interviews...etc. I sincerely doubt any of them get a normal night's sleep--ever. The amount of complaining I see is (imho) shameful.
Tired of hearing "These developers could be earning over $100K per year at places like google". If they really could, they would have.
I reneged on my offer which effectively blacklists me from applying there again any time soon. "They would have" is directly contradicted by the evidence.
I'm grateful that you did. If we can get this to work, just think of all the good it will help to produce. What a great use of talent and what a legacy for yourself, dan and others.
Let's bring this puppy home over the next year or two and be grateful for what we have. There's a lot of people suffering out there.
I personally agree with Rune's Statement that top devs should temporarily have more than 1 delegate. It is beyond frustrating to me that people would even question whether someone like toast should be getting paid well for their work. It is not like these guys are just sitting around drinking beer and eating chips all day...
They are innovating, working hard, pitching marketing ideas, helping manage forums and github repos, answering questions of investors, attending interviews...etc. I sincerely doubt any of them get a normal night's sleep--ever. The amount of complaining I see is (imho) shameful.
Just saying, maybe Stan's bonus (not sure why he earned it) should've gone to those guys.
Multiple delegates for core devs is a bad idea because precedent.If our developers are forced to live off their existing stash, most will not have any holdings at all by the end of this year. Hardly a motivating proposition.
Core devs have large BTS stakes and are incentivized by their holdings.
Let's not forget that when BTS hits ~ $1 all of the core devs become independently wealthy.
At $10 - $100/BTS they join the ultra high net worth crowd.
Keeping the dev team hungry and lean right now is ideal. Experience talking.
With regard to dev pay BM needs to stop using the term 'bonus'.
I don't think anyone in the community feels core devs are over compensated.
However, bonuses are associated with achieving goals etc. and 2014 was defined by continually moving the goal posts.
This was a good thing and ultimately will increase stakeholder returns etc. but it's 2015 and no 1.0.
Perhaps it would have been wise to schedule 'bonus' payments on release of 1.0, probably more palatable to the community and more in line with common perception of bonusing schemes.
Going forward I would suggest that 'bonus' payments be tied to achieving milestones and everything else be compensation, whether paid as salary or lump sum.
My other take away is that BTS needs to hit $.5-$1 in 2015.
Multiple delegates for core devs is a bad idea because precedent.
Core devs have large BTS stakes and are incentivized by their holdings.
Let's not forget that when BTS hits ~ $1 all of the core devs become independently wealthy.
At $10 - $100/BTS they join the ultra high net worth crowd.
Keeping the dev team hungry and lean right now is ideal. Experience talking.
With regard to dev pay BM needs to stop using the term 'bonus'.
I don't think anyone in the community feels core devs are over compensated.
However, bonuses are associated with achieving goals etc. and 2014 was defined by continually moving the goal posts.
This was a good thing and ultimately will increase stakeholder returns etc. but it's 2015 and no 1.0.
Perhaps it would have been wise to schedule 'bonus' payments on release of 1.0, probably more palatable to the community and more in line with common perception of bonusing schemes.
Going forward I would suggest that 'bonus' payments be tied to achieving milestones and everything else be compensation, whether paid as salary or lump sum.
My other take away is that BTS needs to hit $.5-$1 in 2015.
Ultimately we are competing against the obvious fact that, at some point, it is better for a developer to pull down $150K at Google, live off $50K, and buy $100K worth of BTS - minus taxes.
Ultimately we are competing against the obvious fact that, at some point, it is better for a developer to pull down $150K at Google, live off $50K, and buy $100K worth of BTS - minus taxes.
I am starting as well to get tired to hear this Google argument every time Stan!
If that was true Google would have a whole Country of developers employed right know! Don't they stop to hire ?
Or after all if they would not believe on the project they would already work for Google, and believe me they would not buy $100K worth of BTS but $100K worth of ripple, ethereum etc.
I agree with you in general but don't forget bm was in pressure to give the bonuses earlier (end of 2014) because of taxes etc. he would face if AGS funds would not spend the same year they purchased them... That was one of the main reason he made the merge thing (in my opinion, and not VOTE etc.) so a big stake of BTS from current devs are vested the next 2 years and they have still motivation to work for the project... Imagine the merge would not happen at 2014 and he would give the bonuses like he did now? ... am I missing something?
Quote*Why no bonus for the NullSt. people? Can I have a severance too? I will take 3 million BTS to go away and never come back. Send to newmine ;)
That is why you don't get a bonus/severance. Those that did get it are committed to the cause and will not abandon the project even though in our contract-free ecosystem they could.
Wat? I have no affiliation with NullSt guys. I am just saying they are making about $2K per month and doing a better job than all of you guys, Stan, You, Brian Page etc. in the marketing arena and your near 1/2 a million dollars in pay you've paid yourselves. Just saying, maybe Stan's bonus (not sure why he earned it) should've gone to those guys.