The intent here is to make becoming a subscriber worthwhile. I'm aware that you can get things like VPSes or shell accounts (i.e. SDF) for less than we are offering, but consider this as a throwin for helping support the site. Image hosting will be useful for instance for user-created content in journals (which is slated site upgrade).
This brings us to a point I don't really want to bring up (but is necessary). Obviously, we're going to need to accept payment in some method. We're already planning to accept PayPal since that support is already baked into slashcode, and most people are at least familiar with it. However, I do know our community is almost certainly going to have issues if PayPal is the only accepted merchant. As such, I'm willing to look at basically any company recommend by the community to process payments (as well as some of the larger "generic" ones like Google Wallet). With luck, we will be able to accept payment from 3-4 various payment processors so the community has their pick of who they are willing to use.
Unfortunately, at this time, we are not accepting cryptocurrencies such as BitCoin. This isn't because of technical reasons; we could likely hook into Coinbase or other services relatively easy. The problem is BitCoin, as defined by the IRS, is not currency; it is considered property and investments, and thus is subject to capital gains taxes. It is not clear if we would be liable for it, or if it would be handled via the processor. This is a question we need to forward to a CPA, but I do not expect an answer quickly, as ink on the regulations is still wet. We hope to be able to accept cryptocurrencies in the near future, although we may have to charge a premium to offset any additional tax burdens this places on us. We will be investigating as one of our first priorities when dealing with setting up the finances side of SoylentNews.
(Score: 2) by VLM on Tuesday June 17 2014, @09:57PM
Then in a drunken rage I bid $500 and think it would be hilarious to put up an ad for /. beta or the infamous goatse pix. Or Bank of America wins and we all have to look at home equity refinancing advertisements. Can't turn away $500, that would pay a lot of bills.
No thanks.
Thats why I like $10 hard limit because hopefully the SN team won't do "anything" for $10. Microsoft offers $10 K for the next model of the Zune, well, thats a lot of dough.
Also lets be honest $3650 per year is the equivalent of a hell of a lot of people signing up. At this stage of the game it MIGHT be the dominant form of income? So making it even more dominant by boosting the price is just doing to tempt ethics and morals even worse.
Try that "bid $1000" stuff when average daily revenue is $10K or more. Then turning down an unethical ad would be a no brainer.
(Score: 1) by Tramii on Tuesday June 17 2014, @10:22PM
So instead of Evil Corp buying a single sponsored post for $1000, they will buy one hundred sponsored posts for $10 each.
(Score: 2) by VLM on Wednesday June 18 2014, @12:56PM
But we'll only have to sit thru one a day, and I'm assuming there will be other people with more deserving stories willing to pay $10 so vetoing the EvilCorp (Stock symbol MSFT) will only "cost" $10.