OpenSats $1M/month in funding is a huge win for Bitcoin & OpenSource! But the ...

npub1gm7…8rf6

2025-02-22 15:23:13

in reply to nevent1q…5l99

OpenSats (npub10pe…n34f) $1M/month in funding is a huge win for Bitcoin & OpenSource! But the community needs more clarity.

https://opensats.org/transparency

is a start, but lacks specific grant amounts. We see ~50 recipients. Is the average grant ~$20k/month?

My @WalletScrutiny application (and others) received no response.

pkt (npub1ej4…ndrm)'s situation

quoting nevent1q…xhuk
Heh, I applied for a $20k grant to do a proper analysis of Nostr's decentralization on Saturday. Same idea (and similar cost) as my recent L2 Covenants article. Only took them one business day to reject it (took them 6 weeks to reject my grant request to keep OpenTimestamps running).

I'm not surprised. I strongly suspect there isn't much good to say about Nostr's decentralization and I hear OpenSats is funding a bunch of Nostr. Nostr needs a serious redesign.

also raises questions but he at least got a rejection.

Given OpenSats' influence, greater transparency is crucial for trust.

Author Public Key

npub1gm7tuvr9atc6u7q3gevjfeyfyvmrlul4y67k7u7hcxztz67ceexs078rf6

Seen on

wss://relay.exit.pub

Show more details

Published at

2025-02-22 15:23:13

Kind type

1 Short Text Note

Event JSON

{ "id": "a1717b77f7c2f97f7ee58073a81db09b13502cb318e7c6b459f0647c01f1bbf2", "pubkey": "46fcbe3065eaf1ae7811465924e48923363ff3f526bd6f73d7c184b16bd8ce4d", "created_at": 1740237793, "kind": 1, "tags": [ [ "e", "bd8cbfdb23fd5144d15f70b1f57f67bded7cfb74aeedc66aa0dba6ae033cb7ef", "wss://premium.primal.net/", "root", "04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9" ], [ "e", "bd8cbfdb23fd5144d15f70b1f57f67bded7cfb74aeedc66aa0dba6ae033cb7ef", "wss://premium.primal.net/", "reply", "04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9" ], [ "p", "04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9", "wss://premium.primal.net/" ], [ "p", "787338757fc25d65cd929394d5e7713cf43638e8d259e8dcf5c73b834eb851f2" ], [ "p", "ccaa58e37c99c85bc5e754028a718bd46485e5d3cb3345691ecab83c755d48cc" ], [ "q", "1a6891b0c7d3753295ba84d7281b3390f681077505d7eb8b23810dab9fcd10c8", "wss://nostr.wine", "ccaa58e37c99c85bc5e754028a718bd46485e5d3cb3345691ecab83c755d48cc" ], [ "client", "noStrudel", "31990:266815e0c9210dfa324c6cba3573b14bee49da4209a9456f9484e5106cd408a5:1686066542546" ] ], "content": "nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f $1M/month in funding is a huge win for Bitcoin \u0026 OpenSource! But the community needs more clarity.\n\nhttps://opensats.org/transparency\n\nis a start, but lacks specific grant amounts. We see ~50 recipients. Is the average grant ~$20k/month?\n\nMy @WalletScrutiny application (and others) received no response.\n\nnostr:npub1ej493cmun8y9h3082spg5uvt63jgtewneve526g7e2urca2afrxqm3ndrm's situation\n\nnostr:nevent1qvzqqqqqqypzpn92tr3hexwgt0z7w4qz3fcch4ryshja8jeng453aj4c83646jxvqyg8wumn8ghj7mn0wd68ytnhd9hx2qgdwaehxw309ahx7uewd3hkcqpqrf5frvx86d6n99d6sntjsxenjrmgzpm4qht7hzersyx6h87dzryqmyxhuk\n\nalso raises questions but he at least got a rejection.\n\nGiven OpenSats' influence, greater transparency is crucial for trust.", "sig": "c8e78ba4d11e8e08f02039b316736d867bd0cabcd5fb7208cc672f95dbfc92145d59a7b00e3372b454792d29e43ae4b85fddb5f257dff7feece01cbcef7be988" }