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

Why Nostr? What is Njump?

LeoWandersleb / Leo Wandersleb

npub1gm…78rf6

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.

Peter Todd (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://nos.lol wss://offchain.pub wss://relay.damus.io

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Published at

2025-02-22 15:23:13

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Event JSON

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