Mi Primer Bitcoin El Salvador on Nostr: 🙏🏼 Financial update — full of gratitude! A few weeks ago, we wrote that we ...
🙏🏼 Financial update — full of gratitude!
A few weeks ago, we wrote that we were nearly out of funds and needed the community's help. Throughout this process, we have strived to be as transparent as possible with our finances — both about how we raise money, but also how we spend it.
We hope this becomes the standard for all #bitcoin education projects We cut salaries, delayed expenses and were days away from running out of funds. But no more! 💖
❗️ We want to express massive gratitude to Paystand, Bitcoin Beach
and the hundreds of individual donors who contributed to our campaign on geyser (npub1kmw…xqk9).
https://geyser.fund/project/miprimerbitcoin
We received the funding to get us to some larger grants that we expect to receive near the end of the year. We bridged the gap — thanks to YOU.
With crisis comes opportunity. We are stronger now for a few reasons...
1️⃣ We will implement an aggressive savings mechanism soon to build up reserves and avoid any future repeats.
2️⃣ We made a regular, annual schedule for grassroots funding campaigns (once in spring in El Salvador, once in fall online).
3️⃣ We've made significant internal structural changes to ensure better internal communication This isn't easy. Funding the project will always be a challenge. We will NEVER compromise our values or impartiality for funding — which eliminates most traditional sources.
We will also continue to build out a global infrastructure for all independent bitcoin educators and give it all away (open-source everything). We are majority grassroots funded from people like you. and we hope you continue to give and help us grow.
My First Bitcoin is a grand experiment to test the limits of what's possible today in order to reimagine what's possible tomorrow.
And we are just getting started... 👀🚀
A few weeks ago, we wrote that we were nearly out of funds and needed the community's help. Throughout this process, we have strived to be as transparent as possible with our finances — both about how we raise money, but also how we spend it.
We hope this becomes the standard for all #bitcoin education projects We cut salaries, delayed expenses and were days away from running out of funds. But no more! 💖
❗️ We want to express massive gratitude to Paystand, Bitcoin Beach
and the hundreds of individual donors who contributed to our campaign on geyser (npub1kmw…xqk9).
https://geyser.fund/project/miprimerbitcoin
We received the funding to get us to some larger grants that we expect to receive near the end of the year. We bridged the gap — thanks to YOU.
With crisis comes opportunity. We are stronger now for a few reasons...
1️⃣ We will implement an aggressive savings mechanism soon to build up reserves and avoid any future repeats.
2️⃣ We made a regular, annual schedule for grassroots funding campaigns (once in spring in El Salvador, once in fall online).
3️⃣ We've made significant internal structural changes to ensure better internal communication This isn't easy. Funding the project will always be a challenge. We will NEVER compromise our values or impartiality for funding — which eliminates most traditional sources.
We will also continue to build out a global infrastructure for all independent bitcoin educators and give it all away (open-source everything). We are majority grassroots funded from people like you. and we hope you continue to give and help us grow.
My First Bitcoin is a grand experiment to test the limits of what's possible today in order to reimagine what's possible tomorrow.
And we are just getting started... 👀🚀