The playbook · Edition 048

The badge and the paywall: what a tip is worth when the paragraph that disqualifies you is blank

The step-by-step playbook behind Treasury made a viewer’s badge a deductible tip and their access fee ordinary income.

What is inside

1. The one-page conclusion
2. Phase A · Standing it up
3. Phase B · The first dollar of profit
4. Phase C · The three clocks
5. Fees and rails
6. The rules that govern it
7. The payment, end to end
8. Records and the audit pack
9. Counterparties and dependencies
10. Who is responsible for what
11. Risk, gates and the long watch
12. The pre-assessment, in full
13. Cost, timeline and break-even
14. Launch checklist, 30/60/90 and the decision log
15. Not yet verified
16. Sources, with read dates