I've decided not to vote on AdWords campaign (since I am running it), nor on startail's faucet expense (since I proposed it initially). Both efforts will have more credibility that way.
As I have said before, if a trusted community member wants to check the AdWords account I set up for Gridcoin, just drop me a PM and I'll provide the login details. I believe CM has checked it out already. Rob also has the login details, but I don't think he has enough time to audit it properly. Community will understand that I don't want anyone snooping over my credit card details there.
If anyone else wants to run AdWords (and pay for it), I would certainly be glad to let him take over. I have lost plenty of money on this, since I am refunded in GRC and its price has mostly declined last year. It's a pretty bad idea to build up your GRC stake through Foundation expenses, buying it on Poloniex has been much more affordable so far (just set your bids low and wait).
We've heard plenty of we could, we should, might we, can we not etc. Well, having some skills in Photoshop, in April 2016. I decided to take the initiative and to create the AdWords account for Gridcoin (and pay for it). I think our advertising efforts before that were managed by CM and I believe no member with programming or web-development skills should waste his time on creating flashy banners and moving pixels in Photoshop.
I'll try to participate in tomorrow's hangout, to address any further concerns.
You are viewing a single comment's thread from:
I received 211 813 GRC from the Foundation so far, in exchange for our AdWords expenses. Since Poloniex fee is 0.15% for bidders, I saved 317 GRC on Poloniex fees (or 1.73 USD). A rather negligible amount, compared to the losses I've taken because the value of GRC has decreased in 2016.
Since it's well known we have spent 5 USD per day on AdWords last year, you could have done the math too, it's not that hard. I won't address your concerns about a 51% attack because that's plain FUD.
Bitcoin is basically the rising tide over the price of most-everything in this economy, currently. That's primarily why we've been seeing such a price decrease in the value. Coinpayments is a huge step in the right direction because of how it doesn't tie the price of Gridcoin to Bitcoin anymore, and having the website come into fruition at the same time is another great involvement. Can never be too careful about transparency throughout this process and I (for what it's worth, which may not be much) appreciate your transparency among the good work done to bring the site up. I just hope that some future issues could be resolved, such as the possible exploits/vector of attack on the faucet or lack of SSL/https.