teemupleb on Nostr: OpenSats is a non-profit supporting open-source #Bitcoin development. If you benefit ...
OpenSats (npub10pe…n34f) is a non-profit supporting open-source #Bitcoin development.
If you benefit from Bitcoin (number go up or better financial access), you should consider giving back to the development efforts.
OpenSats addresses the free-rider problem where developers aren't directly paid for their contributions.
The Bitcoin protocol itself only incentivizes mining and hashrate, but it doesn't have a system in place to reward developers.
OpenSats aims to incentivize innovation by funding developers and ancillary projects.
Donations can be made to various funds or specific projects vetted by a reputable board.
Operational costs are covered separately.
OpenSats uses btcpayserver (npub155m…dcvg) to receive BTC donations (both on-chain and Lightning), so no part of the donations is wasted to pay any middleman fees.
Donations are tax-deductible in the US.
You don't have to be a developer to apply.
OpenSats also funds designers, code reviewers, researchers, educators etc.
Automatic donations via zapplepay (npub1wxl…hcan)'s AutoZap are also possible.
Supporting open-source Bitcoin development with even small contributions could significantly advance the Bitcoin ecosystem.
What if every pleb in the world donated only $1 a month to open-source Bitcoin development?
Maybe that way we could leap and bound closer to the Bitcoin standard and the Citadel?
Have your HODL stack in cold storage and set up a small fraction for spending and donating to keep the Bitcoin ecosystem going and your Bitcoin bags pumping!
Finally, a short clip from Kevin Rooke's podcast with OpenSats founder Ben Price abitcoinperson (npub1jkm…crvd) where describes the reasons for creating OpenSats:
https://www.youtube.com/watch?v=HnmOKn0F7_0
If you benefit from Bitcoin (number go up or better financial access), you should consider giving back to the development efforts.
OpenSats addresses the free-rider problem where developers aren't directly paid for their contributions.
The Bitcoin protocol itself only incentivizes mining and hashrate, but it doesn't have a system in place to reward developers.
OpenSats aims to incentivize innovation by funding developers and ancillary projects.
Donations can be made to various funds or specific projects vetted by a reputable board.
Operational costs are covered separately.
OpenSats uses btcpayserver (npub155m…dcvg) to receive BTC donations (both on-chain and Lightning), so no part of the donations is wasted to pay any middleman fees.
Donations are tax-deductible in the US.
You don't have to be a developer to apply.
OpenSats also funds designers, code reviewers, researchers, educators etc.
Automatic donations via zapplepay (npub1wxl…hcan)'s AutoZap are also possible.
Supporting open-source Bitcoin development with even small contributions could significantly advance the Bitcoin ecosystem.
What if every pleb in the world donated only $1 a month to open-source Bitcoin development?
Maybe that way we could leap and bound closer to the Bitcoin standard and the Citadel?
Have your HODL stack in cold storage and set up a small fraction for spending and donating to keep the Bitcoin ecosystem going and your Bitcoin bags pumping!
Finally, a short clip from Kevin Rooke's podcast with OpenSats founder Ben Price abitcoinperson (npub1jkm…crvd) where describes the reasons for creating OpenSats:
https://www.youtube.com/watch?v=HnmOKn0F7_0