We work for several bitcoin related start ups.
We earn money in bitcoin.
Chess is our hobby.
We invest one part of our earned money in our hobby.
It's not even much, we invest like 2000$ each month here ( in a hobby ). Since we are 2 people it's like 1000$ each person a month.
If you want to go more personal:
We don't drink alcohol, do drugs or smoke ever. -> So we save tons of money here already.
If we already have everything we *need* which you can buy with money, why not invest in something meaningful like improve the chess experience while also keep improving the awareness of bitcoin which is basically our job.
And it doesn't matter if the bitcoin is dropping in value or increasing, this is a fun project.
There is no backdoor plan on getting rich with "online chess", we already put more in then we could ever get out of this hobby.
People keep assuming we have some big "master plan" to rip everyone off but everyone fails to explain the how ?
This is just a fact there is no money in chess. Chess24 /
Chess.com / Chessbase probably doing good but they are here since 10-30 years already. Online-Chess isn't a serious business, it's a *very* small niche.
If you want to improve online chess you need free volunteers like lichess.
Lichess is already worth at least 1 milion dollar and you won't see any ads or premium accounts, it's all free for everyone + opensource.
Thibault could capitalize on that but he doesn't. We keep this as motivation to do our part and bring in our own money to organize tournament on lichess since we know it's never happening on its own because everything is free.
People asking us to payout in other currencies like USD or EUR but you can exchange it from bitcoin to any relevant currency. We don't have paypal / bank accounts ourselves since we live 100% off bitcoin.
We wouldn't do this on any other chess platform, it's lichess only and this is not gonna change.
Perhaps we even motivate further companies / individuals with some spare money to host some tournament, you never know.