I will support your proposal. Can we do something like osmosis community Dao for Terra??
Anyone has any idea how to make this happen with funds from the community?
Terra Community support Dao !
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Weâve updated this proposal to take into account feedback and updates so far. Thanks for all your participation in the process, much appreciated 
Absolutely not. Build a good product and people will pay for it. Put it on Udemy. Monetise the Academy website. Make good Youtube content and receive adsense and other income streams.
Terra Bites is not âthe leader in news, information and developer resources for the Terra communityâ. If it were, it wouldnât need to be asking for money.
Who is the Staff you are looking to employ? Is it the people currently presenting the YouTube channel? Please break down the monthly figures, showing exactly who you are intending to employ and how much you are intending to pay them.
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Just a few questions
- why no statement on how you plan to generate income and strive to become self supporting?
- No breakdown on how many staff @ how much salary?
- How much income are you generating right now?
Since people are asking Terra Bitesâ validator income, I tallied the commissions they have collected throughout January, for your reference. I used todayâs LUNA price ($52.37).
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50k per month, so 600k per year. Now theyâre asking for another 400k to make it a nice round 1 million. I didnât realise you need a million a year to run a youtube channel. Who knew?
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Thanks, Larry. After direct costs, I believe January is quite possibly the most helpful month in validator rewards yet. Of course, it wouldnât be a prudent business decision for us to extrapolate a best month so far out over the entire year and pin everything on that as we commit to complex long-term projects and staffing.
That said, Aleg, yes, a million a year would be great for the plans weâve set forward here.
Perhaps that is why this active and helpful community member immediately & publicly suggested we ask for 800k-1.2 million instead of this proposalâs smaller amount:
However, we are not asking for that.
If validator rewards continue to be about as strong as Januaryâs, they will continue to be deployed into yield strategies aimed at funding developer and other content and projects beyond the scope/timeframe of this proposal.
The problem is that youâre asking for a huge grant and giving absolutely no detail on why you need it.
- Full-time Staff @ $19.6k/monthly
What does this mean? Is one person or several? Who are they? Is it the presenter of Terra bytes? How many staff do you employ?
- Equipment, travel, studio rent, giveaways, business expenses @ $4k/monthly
Again, no detail whatsoever. Is it the recipient of this 4k per month the same person who will be getting the 20k per month? Why do you need to hire a studio? Buy a green screen for $20. Why do you need to travel? What give-aways? What business expenses?
Until you give details these are just random fabricated numbers.
How many people in total will be receiving a share of this grant? Who are they?
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We currently employ:
- four full-time staff with experience in the Terra space
- some part-time contractors, including a developer, for projects like the one demoed in the proposal
We are also currently in the hiring process for several roles, including more development- and education-oriented positions.
On the whole, we must work with less experienced but enthusiastic people recently out of college and train them along the way, since one truly experienced blockchain engineer would very possibly drain this entire proposal.
Conversely, it would be silly to try to operate these projects in such a niche market with Fiverr and Upwork hires. The entire year would be spent bringing such (probably less-motivated) workers up to speed.
And unlike many projects, we are not launching a token (or similar strategies), nor doing biased paid shows, to fund such positions.
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âWhy do you need to travel?â
Iâm assuming you havenât kept tabs on the many beneficial Terra events that have happened around the globe last year (some of which we even played a key part in organizing, covering, and/or promoting)?
These events have led community members to start projects, leave their jobs for Terra, spin off content channels, join TFL or other companies, share videos and links to their friends, approach their TradFi partners⌠more so than many other initiatives have done.
A new head of operations at TFL is there because of a journey that started at a get together we did in New York.
But the stories arenât just personal - these are places that projects have started, and these are videos that have the most reach.
This is a reasonable budget that covers many different things per month, including travel â the costs of which vary. We have been conservative, but an exact breakdown is not feasible when events are sometimes even scheduled in the very month they are put on.
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Please break this down further. What are the roles of each? What are the qualifications of each? How much will each one be paid?
Please also break down the $4k expenses.
From what Iâve seen Terra Bites is a YouTube channel and a podcast. Terrabytes Academy consists mainly of one person making videos in front of a green screen. I really canât understand why this needs $1million per year.
What is your objection to making this a commercial venture? Monetize YouTube and Terra Academy. Pay the staff with the proceeds from the monetization.
People make better decisions when theyâre spending money they have had to work for, rather than money that was handed to them on a plate.
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Full breakdown of staff costs required.
This is a comparison of your YouTube channel and that of Danku_r. His channel has been running less than half the time yours has. He has more views, more views per video and more subscribers.
He does everything that you say that you want to do. Interviews and roundtables are done online, not with flight tickets and hotels.
He does this full-time and he does it without a grant.
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These might be rough estimates, but with Luna priced between 50 and 100$, 3mil staked, and 3% commission: they should generate between 60k to 90k $ monthly in rewards.
The price for running both mainnet and testnet validators can vary a lot, but ~4000$ per month would be a reasonable starter infrastructure on traditional cloud providers (including oracle).
All accounted for, between 650â000$ and 1â075â000 $ in yearly profit if luna stays in the 50/100$ range.
This might not reflect the reality of their infrastructure, so would love to get their input for a better estimate.
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Itâs clear that a number of your questions donât have any experience behind them.
We do not monetize with ads on YouTube, but if we did, income would range from only $1-$2.50 per 1000 views. Thatâs certainly not worth interrupting viewers, and not even worth the time to set it up unless your views are far greater than any blockchain channelâs views.
Danku is a highly valuable member of the Terra community and other crypto communities. He has a different kind of audience, and itâs a pleasure to work with him. He is starting his own funding strategies now, after self funding for an extended time, as we did.
We specialize not in revealing to listeners the latest farming strategies, but in converting dedicated Lunatics who support Terra and all the great projects touching it. We also reach an audio podcast audience. Our watch-through and listen-through rates are remarkably high.
This in addition to all developer content. There is an extreme shortage of Rust contract developers - even more so a shortage of people willing and able to spend their knowhow creating free training resources that enable other projects - and new devs at significant companies in our space - to get started.
If you think training developers in the nuances of a new space and a difficult programming language boils down to just a $20 green screen, go fund someone that $20.
Even after you add on lights, camera, space, graphics work, editing and other processing work, text work, social media work, guest relations, software subscriptions, building lab assignments, evaluating/helping students, prepping questions and getting legal approval when asked, travel, managing liability, typical business expenses⌠all of this cost pales in comparison to the value of the dedicated time of knowledgeable people in the space.
You have a small YouTube channel that get about 2-3000 views per video. By your calculations you could earn between $3 and $7.50 per video. You write above that your content is for âdedicated Lunaticsâ. That audience is clearly small and remaining small, if not shrinking.
Itâs laughable that you would want the community to provide you with $400,000 to build up that YouTube channel.
That leaves Terra Academy. Since 21 Dec you have been asked in this thread 9 times (below) to give a detailed breakdown of exactly how you will spend the $400,000. You have ignored every one of those questions.
There is something seriously wrong with a system that lets proposals such as this make it onto Terrastation, let alone actually hands over the money.
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We will not, at least without obtaining specific permission, reveal the exact compensation and identity of each of our contractors & staff. As long as the budgets are reasonable. (Also, some compensation does vary month to month with needs and market rates.)
The budgets are more than reasonable no matter how you build a competent, knowledgeable, English-speaking staff with these goals. In an ideal funding situation, we could spring for one single top-quality developer alone for $300k, especially when it came to writing and teaching contract security training. And we still might not get them.
But thatâs not the ask.
So you basically have no plans at all to make yourselves self supporting, got it.
And no one asked that you dox any potential hires, just how many and at what salary. This whole proposal sounds shadier by the moment.
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Youâre asking for $400,000 to pay to staff. Yet you take affront when you are asked to give details of the staff. What planet are you living on? Did you actually cost this proposal or did you just pull the figures out of thin air (or somewhere else)? Youâve given no details whatsoever of how you intend to spend this grant
Break it down like this:
Staff
- Developer #1. Project role. Experience. Qualifications. Remuneration .
- Developer # 2. Project role. Experience. Qualifications. Remuneration.
- YouTube Presenter #1 . Project role. Experience. Qualifications. Remuneration.
Monthly expenses
- Flights
- Hotels
- Car hire
- Food
- Studio
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Yeah Iâd like to see a PnL forecast and breakdown as aleg suggests
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