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This should be free and GiveHongBao should have their own donation page within the system. Charging a fee (even if flat) for donations doesn't feel right. They

This should be free and GiveHongBao should have their own donation page within the system. Charging a fee (even if flat) for donations doesn't feel right. They aren't offering enough value (they basically give you an HTML page) on top of Ethereum to justify a fee.

cocktailpeanuts 9y ago
Unless I missed something, isn't that "fee" part just Ethereum transaction fee?
- atrudeau 9y ago
  "We don't charge a percentage of what people give. Instead, we charge a flat amount for any amount donated. Keep more of what people give." I don't think is the Ethereum gas (transaction fee). I think they take a cut as well. Perhaps someone can check the transaction being generated and see the recipients/gas? This whole thing looks very shady and probably shouldn't be getting HN-like exposure.
  - cocktailpeanuts 9y ago
    You're right. Just read it again and saw: > Each month I'll sell the wallet's contents and donate the proceeds to them, providing proof via my Twitter account. There are too many scammers out there, there's no reason to trust this person, regardless of what the intention was.
  - vincentchu 9y ago
    Hi all. The contract that distributes donations also transfers a fixed fee to my account. For instance, see: https://etherscan.io/tx/0xc27a96a1ed705b03604b91287d0e2cf76fc8a463cfc2a07d7a3d0cd8138a988d https://etherscan.io/tx/0xc27a96a1ed705b03604b91287d0e2cf76f... The fee is flat and priced around a buck, mostly to help recoup some server costs, hosting costs, etc.. which I thnk is fair. My main motivation was to make a cheaper version of GoFundMe or Patreon. Both of those sites charge a percentage on top of whatever credit card fees.
    - atrudeau 9y ago
      Please make the mechanics and fees clearer on the website. Linking to and explaining the contract would be great for transparency. With that done, I think your service can be useful.
vincentchu 9y ago
The fee does go towards hosting the campaign page. Also GiveHongBao doesn't charge for the deployment of the campaign contract--- that is paid out of my own account, so charging a small nominal fee felt fair to me. I think an interesting point is to compare the fee to what GoFundMe and other similar sites are charging. My motivation was mainly to make a competitive version that took advantage of Ethereum's native advantages: - It's Global. You can use GiveHongBao anywhere in the world. You can't use GoFundMe unless you're in the western world - It's direct. Your donations go straight into your wallet. You don't have to wait for a minimum donation size, nor do you have to wait for a certain time. - It's cheaper. Ethereum transfers are a flat fee regardless of size (vs. credit card processing fees). I thought a fair thing to do would be to mirror this and charge only a flat fee (for hosting, etc..) then pass the savings on to campaign creators.

cocktailpeanuts 9y ago

Unless I missed something, isn't that "fee" part just Ethereum transaction fee?

atrudeau 9y ago
"We don't charge a percentage of what people give. Instead, we charge a flat amount for any amount donated. Keep more of what people give." I don't think is the Ethereum gas (transaction fee). I think they take a cut as well. Perhaps someone can check the transaction being generated and see the recipients/gas? This whole thing looks very shady and probably shouldn't be getting HN-like exposure.
- cocktailpeanuts 9y ago
  You're right. Just read it again and saw: > Each month I'll sell the wallet's contents and donate the proceeds to them, providing proof via my Twitter account. There are too many scammers out there, there's no reason to trust this person, regardless of what the intention was.
- vincentchu 9y ago
  Hi all. The contract that distributes donations also transfers a fixed fee to my account. For instance, see: https://etherscan.io/tx/0xc27a96a1ed705b03604b91287d0e2cf76fc8a463cfc2a07d7a3d0cd8138a988d https://etherscan.io/tx/0xc27a96a1ed705b03604b91287d0e2cf76f... The fee is flat and priced around a buck, mostly to help recoup some server costs, hosting costs, etc.. which I thnk is fair. My main motivation was to make a cheaper version of GoFundMe or Patreon. Both of those sites charge a percentage on top of whatever credit card fees.
  - atrudeau 9y ago
    Please make the mechanics and fees clearer on the website. Linking to and explaining the contract would be great for transparency. With that done, I think your service can be useful.

vincentchu 9y ago

The fee does go towards hosting the campaign page. Also GiveHongBao doesn't charge for the deployment of the campaign contract--- that is paid out of my own account, so charging a small nominal fee felt fair to me. I think an interesting point is to compare the fee to what GoFundMe and other similar sites are charging. My motivation was mainly to make a competitive version that took advantage of Ethereum's native advantages: - It's Global. You can use GiveHongBao anywhere in the world. You can't use GoFundMe unless you're in the western world - It's direct. Your donations go straight into your wallet. You don't have to wait for a minimum donation size, nor do you have to wait for a certain time. - It's cheaper. Ethereum transfers are a flat fee regardless of size (vs. credit card processing fees). I thought a fair thing to do would be to mirror this and charge only a flat fee (for hosting, etc..) then pass the savings on to campaign creators.