Topic: New Community Funds Committee: accounts and updates (Read 14846 times)

Cassius · « **on:** February 20, 2015, 08:37:51 am »

We have a new Community Funds Committee. The torturous details of how this came about can be viewed here: https://nxtforum.org/general-discussion/new-community-funds-committee-%28cfc%29-members-self-nomination-thread/ Thanks to Damelon for making it happen.

A couple of pieces of business to start with:
1) New account and balance
neer.g and Pouncer have transferred funds (642'354.88754024) from the old Marketing Funds (NXT-RBR6-EFX3-TSSA-7SXEX) to the new CFC Account 1 (NXT-NDPN-KL88-G9CA-45PXP), held by Pouncer.

Current balance of the CFC Account 1 is 3,569,325.98754024 NXT
The old account will be maintained in case funds are paid into it in the future.

2) Payments for Holger
Payments to Holger for core dev work have been authorised. These include 50,000 NXT for his contributions so far (UI for 2P, refactoring, notifications, and UI for coin shuffling), and a recurring payment of 30,000 per month for the 6 months from March to August. Total: 230,000 NXT. Thank you to Holger for all his work to date.

Cassius · « **Reply #1 on:** February 25, 2015, 08:22:11 am »

As per the above decision:

The one-off payment of 50,000 NXT has been made to HolgerD77. Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 13931786771986363321

Cassius · « **Reply #2 on:** March 01, 2015, 02:03:12 pm »

From Pouncer:
The following recurring payments have been made for the month of March 2015:

Recipient: Kushti
Amount: 50,000 NXT
Receiving Account: NXT-PKXM-WH25-UXXG-CJAVD
Tx ID: 3519815259493721735

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 1593563841679444296

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 9807269739032583325

Cassius · « **Reply #3 on:** April 01, 2015, 02:11:41 pm »

Another notification from Pouncer about recurring payments, made for the month of April 2015:

Recipient: Kushti
Amount: 50,000 NXT
Receiving Account: NXT-PKXM-WH25-UXXG-CJAVD
Tx ID: 14372276271431059012

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 1195310135738267952

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 17462337959871219699

Great work guys, and thanks very much.

Other business: NFD received via NxtAT has been redeemed into NHZ, see account No: NHZ-2EEF-UDUV-44GY-HGXC3
The passphrase for this account has been recorded in this encrypted AM, so whoever has access to this CFC Account in the future will be able to access our NHZ account.

CMC now has 256,000 HZ.

Cassius · « **Reply #4 on:** May 01, 2015, 10:04:59 am »

The following recurring payments have been made for the month of May 2015:

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 17207288408699858009

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 2631555053090005986

The recurring payment for Kushti has been stopped on his request, dated 1 April.

Cassius · « **Reply #5 on:** May 07, 2015, 08:00:08 am »

From Pouncer:
The following payments have been made:

Recipient: JoeFox
Amount: 30,000 NXT
Receiving Account: NXT-DBDW-STA8-ARBE-6JRPA
Tx ID: 9038016342774064746
Purpose: Setup & maintenance of NxtWiki

Recipient: JoeFox
Amount: 20,000 NXT
Receiving Account: NXT-DBDW-STA8-ARBE-6JRPA
Tx ID: 6948060350981429508
Purpose: SSL Certificate for nxtcrypto.org

Thanks to JoeFox for all your work on Nxt.

Cassius · « **Reply #6 on:** May 16, 2015, 07:46:37 pm »

From Pouncer:

The following payment has been made:

Recipient: HolgerD77
Amount: 7,500 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 11397110888126688179
Purpose: Payment to HolgerD77 to partially cover bounty payments for the 1.5 client translation.

As ever, thank you Holger.

Cassius · « **Reply #7 on:** May 31, 2015, 07:00:30 pm »

The following payment has been made:

Recipient: HolgerD77
Amount: 10,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 10230599019551609105
Purpose: Extra 10,000NXT bounty to HolgerD77 for translation work on NRS 1.5.x UI

Cassius · « **Reply #8 on:** June 01, 2015, 07:27:22 am »

From Pouncer:

The following recurring payments have been made for the month of June 2015:

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 14760342735796035229

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 13387945961438972479

The following one-time payment has been made:

Recipient: Damelon
Amount: 50,000 NXT
Receiving Account: NXT-D6K7-MLY6-98FM-FLL5T
Tx ID: 6823901140162256212
Purpose: PayExpo

Cassius · « **Reply #9 on:** June 02, 2015, 03:47:50 pm »

Recipient: EvilDave
Amount: 21,500 NXT
Receiving Account: NXT-TMVC-69YC-SJB4-8YCH7
Tx ID: 3054644516390701731
Purpose: GlobalSign Cert.

Cassius · « **Reply #10 on:** July 01, 2015, 06:38:52 pm »

Recurring payment for Holger this month.

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Txid: http://nxtportal.org/transactions/12348569940836393025

Thanks as ever for the work.

Cassius · « **Reply #11 on:** August 04, 2015, 08:30:39 am »

The following recurring payment has been made.
Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 5259579942666122384

The following one time payment has been made.
Recipient: Box1413
Amount: 40,000 NXT
Receiving Account: NXT-3ZDK-V4UK-7RE8-3447Y
Tx ID: 1928638134462234374

Thanks as ever!

Cassius · « **Reply #12 on:** September 01, 2015, 06:54:23 pm »

Pouncer:

The following recurring payments have been made:

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 13245625961675989339

Recipient: Box1413
Amount: 40,000 NXT
Receiving Account: NXT-3ZDK-V4UK-7RE8-3447Y
Tx ID: 12069125107629485520

Thanks to both for their work.

qq2536007339 · « **Reply #13 on:** September 02, 2015, 09:00:39 am »

Quote from: Cassius on February 20, 2015, 08:37:51 am

Current balance of the CFC Account 1 is 3,569,325.98754024 NXT

Right now is 2'562'635.37611167 NXT,six month reduce 1M nxt,what will happen if all fund are spend.

EvilDave · « **Reply #14 on:** September 02, 2015, 11:15:51 am »

Then we'll just have to find some more.....

Don't worry yet, we also have another 3 million NXT in the CFC reserves, so we have around 5.5 million in total as purely community funds.
That's half of what we started with, almost 2 years ago, so we aren't going to run out soon, even with the current (shitty) price.

Cassius · « **Reply #15 on:** September 14, 2015, 09:21:08 am »

We have 2,804,901 NXT at the last count, which is about $22k at the current rate.

All funds have now been consolidated in the same account, CFC Reserve Fund. Damelon has transferred those in his control (1,309,899): https://nxtportal.org/transactions/11076384823985756602

EvilDave has also transferred the funds (1,494,994 NXT) that were previously held by Dom P:

https://nxtportal.org/accounts/1300091380251842749

The account is held by neer.g. There is a procedure in place to recover funds if neer.g gets hit by a bus.

EvilDave · « **Reply #16 on:** September 14, 2015, 03:37:28 pm »

Which gives us:

CFC operating fund:
https://nxtportal.org/accounts/3095841617910312628
2,562,635 NXT

CFC reserve fund:
https://nxtportal.org/accounts/1300091380251842749
2,804,901 NXT

for a grand total of 5,367,536 NXT, or $43,600 and change......

Cassius · « **Reply #17 on:** September 22, 2015, 03:18:37 pm »

We've sent some money Allwelder's way for her plan to market Nxt on 8BTC.

From Pouncer:
The following payment has been made.

Recipient: Allwelder
Amount: 10,800 NXT
Receiving Account: NXT-ARVX-N4L5-RKXM-99886
Purpose: Promotion on 8BTC
Tx ID: 14314761435142664447

qq2536007339 · « **Reply #18 on:** September 23, 2015, 04:47:08 am »

Quote from: Cassius on September 14, 2015, 09:21:08 am

The account is held by neer.g. There is a procedure in place to recover funds if neer.g gets hit by a bus.

,can you public this procedure? I like to copy it in case I get hit by a bus.

Cassius · « **Reply #19 on:** September 23, 2015, 08:10:55 am »

Quote from: qq2536007339 on September 23, 2015, 04:47:08 am

Quote from: Cassius on September 14, 2015, 09:21:08 am
The account is held by neer.g. There is a procedure in place to recover funds if neer.g gets hit by a bus.

,can you public this procedure? I like to copy it in case I get hit by a bus.

At its simplest it is:
1) Write private key on paper
2) Give paper to wife, girlfriend, friend etc, with recipient contact details and instructions
3) Get hit by bus
4) Wife, etc, sends key by secure email to person on list

There are more complicated versions. Obviously sending the key securely is important so end-to-end encrypted email should be used.

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Author Topic: New Community Funds Committee: accounts and updates (Read 14846 times)