I just sent you some more but its gonna come from Blocktrades because I bought Steem with BTC on my Trezor
Should have it soon. About .2 BTc worth.....Ended up being 298.463 steem
I have audited the Phase 1 funding and found that your contributions amounted to only 299.53 Steem, which represents 299 Shares, not 300.
You are by far the largest contributor to Steem Island! So I hope to get to know you better! I did want you to look over my audit, because there are a lot of discrepancies in the way Shares were allocated. I don't even think that Phase 1 is complete.
If this is going to succeed, it's important for there to be some good accounting and a lot of attention to detail.
So, I am looking forward to what you will do with this. You will have the largest voting power. :)
I think the rewards will at first need to go into the maintenance of the program... at least originally. There will be costs of incorporation early on, then a bit of some monthly bills, I would think. At some point, I would think that there might be a monthly cost of doing business. A traditional business has a bank account, but we might be able to get a Bitcoin wallet instead. When the Island is purchased, the seller will need to be able to extract the money to a bank somewhere. So we will either need funds stored in our own bank savings account or hope that the seller will take bitcoin and take care of it himself.
That brings up taxes for a corporation, periodic filings, etc.
And then... I would expect a certain amount of $$ to go to travel and per diem. If @riosparada or another officer visits an Island, I would think that he would get paid out of the funds to reimburse him for that.
You are the most invested, so I might vote for you to visit a potential island and allot the equivalent of $1500 to $3000 to pay you to do so. Or pay for 2 or 3 officers to go. Or we might need to hire a helicopter or shuttle boat and need an extra $4000 for that.
Sounds good, I'm sure there will be many expenses that your not even thinking of right now as well. No worries, sounds like you are on the right track.
Hey @oldtimer, you appear to be the second highest contributor to Steem Island! Unfortunately, you were listed as having 103 shares instead of the correct number. Your contributions add up to 102.79, which you correctly stated as being 101+1 shares. The totals that are being listed on the blockchain by @steemislandinc are wrong, often by 1 Share.
I agree with all your points. I send steem through blocktrades because there was no exact instructions how to do it. I add some extra steem just in case if some fees arises. I'm good with 102 shares, no problem, but after reading your audit and when I saw bending of rules I'm not happy with how this important project is managed. Don't get me wrong- I don't care about to lose 100 steem. I was excited about this project but It looks like it's very amateurish. I jumped in because I wanted to help with upvotes, resteemes and help to rise funds. I'm not sure if I want to continue any more. If @steemislandinc don't put his shit together in proper way by rules he made, I'm out.
I would appreciate it if you made some comments on my audit posting, too.
I didn't realize how many rules were bent until I tracked all the Wallet transactions down. Imagine people in Stage 2 or 3 and they track down the Stage 1 people... and found this mess. I did it last night and was surprised!
He has a number of his kids involved in the project, which is fine.... up until he rounds up their contribution and/or doesn't refund the amounts over-invested. This gets into favoritism and other issues really fast. As a lawyer, this should all make sense to @riosparada. Surely he knows people litigate over things smaller than this.
I just sent you some more but its gonna come from Blocktrades because I bought Steem with BTC on my Trezor
Should have it soon. About .2 BTc worth.....Ended up being 298.463 steem
Awesome! THANK YOU!!! I have added you to the list for 300. Is that right? 2 transactions?
yes thats correct.....good luck, im really looking forward to seeing what you do with this.
I have audited the Phase 1 funding and found that your contributions amounted to only 299.53 Steem, which represents 299 Shares, not 300.
You are by far the largest contributor to Steem Island! So I hope to get to know you better! I did want you to look over my audit, because there are a lot of discrepancies in the way Shares were allocated. I don't even think that Phase 1 is complete.
If this is going to succeed, it's important for there to be some good accounting and a lot of attention to detail.
So, I am looking forward to what you will do with this. You will have the largest voting power. :)
Thanks!
No worries I'm easy. If we all upvote these posts, resteem etc.......it's going to generate a lot of Steem power. What is happening to these rewards?
I think the rewards will at first need to go into the maintenance of the program... at least originally. There will be costs of incorporation early on, then a bit of some monthly bills, I would think. At some point, I would think that there might be a monthly cost of doing business. A traditional business has a bank account, but we might be able to get a Bitcoin wallet instead. When the Island is purchased, the seller will need to be able to extract the money to a bank somewhere. So we will either need funds stored in our own bank savings account or hope that the seller will take bitcoin and take care of it himself.
That brings up taxes for a corporation, periodic filings, etc.
And then... I would expect a certain amount of $$ to go to travel and per diem. If @riosparada or another officer visits an Island, I would think that he would get paid out of the funds to reimburse him for that.
You are the most invested, so I might vote for you to visit a potential island and allot the equivalent of $1500 to $3000 to pay you to do so. Or pay for 2 or 3 officers to go. Or we might need to hire a helicopter or shuttle boat and need an extra $4000 for that.
Sounds good, I'm sure there will be many expenses that your not even thinking of right now as well. No worries, sounds like you are on the right track.
Got it! I have a feeling this is going to be big!!
I did the same. Sold some bts on open ledger and sent. I'm hope that you can see in wallet 101 and 1 steem.
Hey @oldtimer, you appear to be the second highest contributor to Steem Island! Unfortunately, you were listed as having 103 shares instead of the correct number. Your contributions add up to 102.79, which you correctly stated as being 101+1 shares. The totals that are being listed on the blockchain by @steemislandinc are wrong, often by 1 Share.
I found this out by doing an Audit of the Officer list. I actually found about a dozen errors, unfortunately. As the #2 contributor to the project, would you see if we can get these errors ironed out before we go any further? There is already a push to get funding for Stage 2... when I don't think it's appropriate without voting and setting up some bylaws or rules.
Take a look at the Audit. I think we are getting the cart before the horse on some things.
I agree with all your points. I send steem through blocktrades because there was no exact instructions how to do it. I add some extra steem just in case if some fees arises. I'm good with 102 shares, no problem, but after reading your audit and when I saw bending of rules I'm not happy with how this important project is managed. Don't get me wrong- I don't care about to lose 100 steem. I was excited about this project but It looks like it's very amateurish. I jumped in because I wanted to help with upvotes, resteemes and help to rise funds. I'm not sure if I want to continue any more. If @steemislandinc don't put his shit together in proper way by rules he made, I'm out.
I would appreciate it if you made some comments on my audit posting, too.
I didn't realize how many rules were bent until I tracked all the Wallet transactions down. Imagine people in Stage 2 or 3 and they track down the Stage 1 people... and found this mess. I did it last night and was surprised!
He has a number of his kids involved in the project, which is fine.... up until he rounds up their contribution and/or doesn't refund the amounts over-invested. This gets into favoritism and other issues really fast. As a lawyer, this should all make sense to @riosparada. Surely he knows people litigate over things smaller than this.
Got it! Thank You! You're on the list!! FULL STEEM AHEAD!!!