[bisq-network/compensation] For Cycle 10 (#498)

Sat Feb 15 06:45:56 UTC 2020

## Cycle 10

BSQ requested: `45970 BSQ`
- BSQ reimbursement: `30000 USD / .67 = 44776 BSQ`
- BSQ compensation: `800 USD / .67 = 1194 BSQ`

## [Growth] Bitcoin 2020 conference sponsorship

After discussions with major DAO stakeholders and lots of planning with @m52go, consensus was reached that Bisq should have a major presence at the Bitcoin 2020 conference in San Francisco next month, as part of Bisq's ongoing growth and liquity efforts.

Since this is the first time Bisq has sponsored an event like this, there were a lot of things to figure out, but we made it happen. The conference is being organized by Bitcoin Magazine, and they really went all out putting together our sponsorship deal. Here are the details:

1. Bisq will have the largest size booth at the conference, with chairs and sofa, next to the Tor and BTCPay booths

<img width="1068" alt="booth-mockup" src="https://user-images.githubusercontent.com/232186/74582801-d6609800-5003-11ea-8daa-dced062af7cc.png">

2. Bisq will takeover the full page back cover of Bitcoin Magazine's 2020 print edition, and our designer @pedromvpg is already hard at work on some early draft mockups like this:

<img width="400" alt="magazine-mockup" src="https://user-images.githubusercontent.com/232186/74582822-07d96380-5004-11ea-8a90-bd050ee1f97d.png">

3. Bisq will be featured as a major sponsor at the event which includes branding on their podcasts, websites, newsletters, etc.

<img width="954" alt="Screen Shot 2020-02-15 at 15 04 26" src="https://user-images.githubusercontent.com/232186/74582864-7cac9d80-5004-11ea-891e-dc7186732f62.png">

4. Bisq contributors will get tickets to attend the conference (normally $250 each), and other cool stuff they are setting up for us (still planning)

* @ripcurlx 
* @m52go 
* @Emzy 
* TBD
* TBD

5. I'm fronting the cost of the sponsorship and reimbursing so that it both meets our $60K monthly budget and ensures DAO profitability for this cycle

This total cost for this sponsorship package is `30000 USD`, which is the amount I am paying to Bitcoin Magazine for the conference sponsorship, and is allocated in Bisq's growth budget for events in 2020. Using the rate for Cycle 10 of $0.67, this comes to `44776 BSQ`

While we had previously discussed splitting up the reimbursement over several months, @m52go had another call today and calculated the numbers. Currently in Cycle 10 the DAO has already burned `44047 BSQ` and is on track to burn around `55000 BSQ` by the end of the cycle, but all compensation requests in Cycle 10 only add up to `34894 BSQ`, so it would be possible to reimburse the entire amount of `44776 BSQ` this cycle while still ensuring the profitability of the cycle and not exceeding our soft limit budget of `89552 BSQ` ($60K USD) for this cycle.

6. Additionally, to reduce the "available BSQ supply" line item, I will be locking up the reimbursed BSQ for my Bonded Roles after the BSQ becomes issued in the next cycle:

* [Bisq Seednode Operator](https://github.com/bisq-network/proposals/issues/177): 20,000 BSQ
* [Bisq Markets Operator](https://github.com/bisq-network/proposals/issues/178): 20,000 BSQ
* [Bitcoin Node Operator](https://github.com/bisq-network/proposals/issues/175): 5,000 BSQ

7. We will also sell Bisq branded merchandise at the conference booth

We are planning to sell merch at the booth using BTCPay over Tor. No Fiat Accepted. Bitcoin Only.

![black-bisq-t](https://user-images.githubusercontent.com/232186/74583413-30645c00-500a-11ea-8337-8012b969c48d.png)

The designs and details haven't been finalized yet, but all net profits will go to the Bisq DAO via a buy and burn BSQ transaction similar how to the Burning Man does each month.

## [Dev] Contributions Delivered

* Research and development work to add L-BTC: `0 USD`
* Tweaked the regex in Devin's btcnode validation code: `0 USD`

## [Ops] Contributions Delivered

* Created one-command installer for Bisq Markets API: `0 USD`

## [Ops] Roles performed

* 4 x Bitcoin Node Operator: `200 USD`
* 2 x Bisq Seednode Operator: `200 USD`
* 1 x Bisq Pricenode Operator: `100 USD`
* 1 x Bisq Markets API Operator: `100 USD`
* 1 x Bisq Analytics Operator: `100 USD`
* 1 x BSQ Explorer Operator: `100 USD`

## Pull Requests

* bisq-network/bisq#3964
* bisq-network/bisq#3954
* bisq-network/bisq#3951
* bisq-network/bisq#3950
* bisq-network/bisq#3944
* bisq-network/bisq#3943
* bisq-network/bisq#3942
* bisq-network/bisq#3907
* bisq-network/bisq#3904

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