No worries I'm easy. If we all upvote these posts, resteem etc.......it's going to generate a lot of Steem power. What is happening to these rewards?
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No worries I'm easy. If we all upvote these posts, resteem etc.......it's going to generate a lot of Steem power. What is happening to these rewards?
I think the rewards will at first need to go into the maintenance of the program... at least originally. There will be costs of incorporation early on, then a bit of some monthly bills, I would think. At some point, I would think that there might be a monthly cost of doing business. A traditional business has a bank account, but we might be able to get a Bitcoin wallet instead. When the Island is purchased, the seller will need to be able to extract the money to a bank somewhere. So we will either need funds stored in our own bank savings account or hope that the seller will take bitcoin and take care of it himself.
That brings up taxes for a corporation, periodic filings, etc.
And then... I would expect a certain amount of $$ to go to travel and per diem. If @riosparada or another officer visits an Island, I would think that he would get paid out of the funds to reimburse him for that.
You are the most invested, so I might vote for you to visit a potential island and allot the equivalent of $1500 to $3000 to pay you to do so. Or pay for 2 or 3 officers to go. Or we might need to hire a helicopter or shuttle boat and need an extra $4000 for that.
Sounds good, I'm sure there will be many expenses that your not even thinking of right now as well. No worries, sounds like you are on the right track.