[Osmf-talk] Treasurer's Report for the 2018 AGM

Ivo Stankov ivo at e-stankov.com
Tue Dec 11 23:46:00 UTC 2018

Thank you, Frederik! It is nice to hear that the OSMF is in a
comfortable position financially.

A short question. What was/is the rationale of keeping 3 BTC and not
converting into fiat (pounds). Why this amount exactly?

My understanding from a previous discussion here after the big Pineapple
Fund donation was, that there is a (unwritten?) policy to convert any
cryptocurrency donations into fiat currency as soon as possible after
they come in. I found it to be a clean solution as any other might lead
to cryptotrading/speculation slippery slopes.

Thanks again,

On 12.12.18 г. 0:24 ч., Frederik Ramm wrote:
> Hi,
> I have put my financial report online here:
> https://wiki.osmfoundation.org/wiki/Finances/Treasurer%27s_Report_for_the_December_2018_AGM
> I'm happy to take any questions about our finances, here or in the AGM
> on Saturday.
> The TL;DR is that things are looking stable financially, even without
> the huge Pineapple Fund donation that we received at the beginning of
> this year.
> For the first time, we had an independent volunteer auditor from the
> community, Thomas Barris, to double-check my 2017 work. He has written
> his own report and I hope he'll chime in here. He's issued a couple of
> recommendations which I am already trying to follow.
> I'm looking for someone to do the volunteer auditor job for the 2018
> finances as well. This will likely happen around some time in March or
> April. Volunteers are welcome to throw their name in the ring here. If
> we have more than one, we'll do a mini election. If we have zero, I'll
> probably ask Thomas to do it again ;)
> Bye
> Frederik

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