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
teemupleb
npub15v…cfzg7
2024-03-02 19:55:36
Author Public Key
npub15vxdlmhftkh452a06vnr3mmks2dy8hqejeuxuv6sgy5rgtf0jllsccfzg7Published at
2024-03-02 19:55:36Event JSON
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"content": " nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f is a non-profit supporting open-source #Bitcoin development.\n\nIf you benefit from Bitcoin (number go up or better financial access), you should consider giving back to the development efforts.\n\nOpenSats addresses the free-rider problem where developers aren't directly paid for their contributions. \n\nThe Bitcoin protocol itself only incentivizes mining and hashrate, but it doesn't have a system in place to reward developers.\n\nOpenSats aims to incentivize innovation by funding developers and ancillary projects. \n\nDonations can be made to various funds or specific projects vetted by a reputable board. \n\nOperational costs are covered separately. \n\nOpenSats uses nostr:npub155m2k8ml8sqn8w4dhh689vdv0t2twa8dgvkpnzfggxf4wfughjsq2cdcvg to receive BTC donations (both on-chain and Lightning), so no part of the donations is wasted to pay any middleman fees.\n\nDonations are tax-deductible in the US.\n\nYou don't have to be a developer to apply.\n\nOpenSats also funds designers, code reviewers, researchers, educators etc.\n\nAutomatic donations via nostr:npub1wxl6njlcgygduct7jkgzrvyvd9fylj4pqvll6p32h59wyetm5fxqjchcan's AutoZap are also possible. \n\nSupporting open-source Bitcoin development with even small contributions could significantly advance the Bitcoin ecosystem. \n\nWhat if every pleb in the world donated only $1 a month to open-source Bitcoin development? \n\nMaybe that way we could leap and bound closer to the Bitcoin standard and the Citadel?\n\nHave 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!\n\nFinally, a short clip from Kevin Rooke's podcast with OpenSats founder Ben Price nostr:npub1jkmthefasx53u36lhzu2g7x3jwlapf235435svl2mx0tjchp57vsvvcrvd where describes the reasons for creating OpenSats:\n\nhttps://www.youtube.com/watch?v=HnmOKn0F7_0\n",
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