Bible Pay

Archives => Archived Proposals => Topic started by: Rob Andrews on August 05, 2018, 09:23:21 AM

Title: August 2018 Compassion Recurring Orphan Sponsorship Premiums Due
Post by: Rob Andrews on August 05, 2018, 09:23:21 AM
Each month we sponsor approximately 309 children at compassion.com.

Rob, the lead dev pays the expense and keeps a copy of the receipt. 

The expenses can be viewed by navigating to Accountability.biblepay.org | Expenses and viewing the PDF.

We have prepaid 1052 childrens premiums so far (starting Feb 2018)  into the future (out of a target of 1854 prepaid premiums),
  meaning we are prepaid with compassion at a level of over 56% - reducing the danger level for these kids.

All funds raised by this endeavor are spent at compassion.com, with any excess going to prepayments for the future (the prepaid amount is stored at compassion in the biblepay.org account).

To see the amounts we raised in the past by selling BBP for bitcoin see this page:
 See accountability.biblepay.org | Orphans | Orphan Fundraisers.  You can audit the total by finding the sum of all fundraisers.

I am committed to using 100% of the funds received in this months proposal entirely for our orphan premiums for compassion, and anything left over 100% to the future in the form of prepayments.

For this month, we are seeking $12,329, this covers the base compassion bill for 309 children for ONE MONTH plus approx 5% in prepayments.

I am requesting 9,000,000 BBP this month for Compassion (12329/.001428 = 8,633,753)  + rounding up for conservative exchange liquidity price slippage.

All orphanage coins are spent on orphan expenses at compassion.com.

Title: Re: August 2018 Compassion Recurring Orphan Sponsorship Premiums Due
Post by: jaapgvk on August 12, 2018, 09:58:13 AM
I think that we must strive to be able to pay at minimum the premiums for one month every month, so I'm in favor of this proposal.

Of course, the prepayments are a protection measure for if we run into really meager times, buy let's hope we won't have to use this protection measure.
Title: Re: August 2018 Compassion Recurring Orphan Sponsorship Premiums Due
Post by: sunk818 on September 02, 2018, 10:36:14 PM
Do I see two proposals? One is for and one is against?



Title: Re: August 2018 Compassion Recurring Orphan Sponsorship Premiums Due
Post by: jaapgvk on September 03, 2018, 05:08:27 AM
Do I see two proposals? One is for and one is against?

Yes, Rob lowered the requested amount to make the budget fit, so one (the higher request) was downvoted on purpose.