Archer Ships
archerships@primal.net
npub1sx7d...k49e
Live long, live free, live well.
Crowdfunding should have been revolutionary. For the first time, creators could bypass banks, venture capitalists, and traditional gatekeepers to raise money directly from people who believed in their vision. And for a while, it worked. Kickstarter funded creative projects that would never have attracted institutional investment. Indiegogo gave hardware startups a path to market. The promise was real: permissionless funding for anyone with a good idea.
Then came the failures. Products that never shipped. Projects that raised millions and delivered nothing. Backers learned the hard way that crowdfunding platforms hold your money, but they don't guarantee results. When a project fails, your contribution disappears into the void.
The cryptocurrency world promised to do better. Initial Coin Offerings removed the middleman entirely, letting investors send funds directly to project wallets. This solved the centralization problem while creating a far worse one: once you sent your Bitcoin or Ethereum to an ICO, it was gone. The founder controlled it completely. If the project was fraudulent, if the team abandoned it, if the promised product never materialized, you had no recourse whatsoever. The result was billions in losses and a generation of investors who learned to treat any crypto fundraising opportunity as a probable scam.
The problem in both cases is not bad actors alone but bad architecture. Traditional crowdfunding concentrates power in platforms that become gatekeepers and single points of failure. ICOs eliminate the middleman but also eliminate accountability, giving founders total control over investor funds from the moment of contribution. Neither model solves the fundamental alignment problem: how do you ensure that founders deliver on promises when investors have already handed over their money?
Angor offers a different answer. Built on Bitcoin with communication through Nostr, Angor is a peer-to-peer funding protocol that restructures the relationship between founders and investors through programmable contracts. The core innovation is deceptively simple: investor funds are never sent directly to founders. Instead, they are locked in Bitcoin contracts that release money in stages over time, and investors retain the ability to recover unspent funds at any point in the process.
The mechanism works like this. A founder creates a project specifying a funding target, timeline, and staged release schedule. Perhaps thirty percent releases after three months, another thirty percent after six months, and the final forty percent after a year. Investors commit Bitcoin to the project, but their funds go into a time-locked contract, not the founder's wallet. As each stage's timelock expires, that portion of the funds becomes available to the founder. Crucially, investors can initiate a recovery transaction at any time to reclaim funds that have not yet been released to the founder.
The technical foundation combines several Bitcoin capabilities. Taproot enables the complex conditional spending paths required for staged release and recovery. Two-of-two multisig contracts allow founders and investors to cooperatively release funds or, absent cooperation, enable the penalty-based unilateral recovery. Nostr provides identity and communication: users log in with their existing Nostr keys, bringing their social graph with them. This means you can see which projects your contacts have funded, which founders exist within your web of trust, and communicate directly without creating yet another account on yet another platform. Project descriptions, milestone updates, and founder-investor messaging all flow through Nostr relays. The result is a fully decentralized system with no backend servers, no platform holding funds, and no central authority that could censor projects or freeze accounts.
For founders, Angor offers access to global capital without surrendering equity, without navigating regulatory barriers, and without depending on platform approval. The staged release model does require patience since funds arrive incrementally, not all at once. But this constraint is also a signal: founders confident in their ability to deliver can accept milestone-based funding, while those planning to take the money and run will find Angor's architecture inhospitable.
For investors, the recovery option transforms the risk calculation entirely. Traditional crowdfunding and ICOs are binary bets: you either trust the project completely or you do not participate. Angor introduces gradation. You can commit funds to a promising project knowing that you retain meaningful control over uncommitted portions. If the founder fails to deliver updates, if the project stalls, if better opportunities emerge, you have a path out that does not depend on the founder's goodwill or a platform's intervention.
This matters beyond the individual transaction. The ability to exit disciplines the entire system. Founders know that investor funds can leave if promises go unkept. This knowledge shapes behavior: projects must demonstrate progress to maintain support. The traditional crowdfunding model, where funds are committed irrevocably upon campaign success, creates no such ongoing accountability. Once Kickstarter backers have paid, their leverage evaporates. Angor keeps leverage distributed throughout the project lifecycle.
The implications extend beyond crowdfunding itself. Angor demonstrates that exit options can be cryptographically guaranteed, not merely promised. Any relationship that currently requires one party to trust another with locked-up capital can be restructured around recoverable commitments. Employment contracts, rental deposits, escrow arrangements, and service agreements all involve situations where one party holds another's funds and the other must trust that the money will be returned or properly applied. Bitcoin's programmability makes it possible to encode the recovery option into the transaction itself, eliminating the need to trust institutions or individuals who might not honor their commitments.
Angor is not without limitations. The Bitcoin-only model excludes those who do not hold Bitcoin. Transaction fees apply to every operation. The penalty system for early recovery creates a real cost for changing your mind. The protocol is young, with a limited track record and an evolving feature set. These are legitimate considerations for anyone evaluating whether to use it.
But the core principle is sound. The exit option changes everything. When investors can walk away, founders must earn continued commitment instead of collecting it once and forgetting about accountability. When recovery is built into the protocol itself, not promised by a company, trust shifts from institutions to mathematics. When the entire system runs on Bitcoin and Nostr without central servers, no regulator, platform, or payment processor can decide who gets to fund what.
Angor is available now at angor.io. Founders can create projects and define staged funding plans. Investors can browse opportunities, commit Bitcoin, and monitor progress through the Angor Hub interface. The documentation explains the technical mechanisms in detail for those who want to understand exactly how the contracts work before participating.
Whether you are building something that needs funding or looking for projects worth supporting, the exit option deserves your attention. It may be the most important innovation in crowdfunding since crowdfunding itself.
Nice work, Max! May I republish this elsewhere? (With link backs of course.)
Gabriel Giunta (gabrihel8 on Instagram) makes fine art out of cardboard and garbage.
#archerart
#grownostr
Where is the heart of the modern cypherpunk movement?
The community of people who care about privacy, censorship-resistance, and financial self-sovereignty is so large and dispersed that it's impossible for any single person to keep track of all of the worthy projects.
But these are some of the projects I'm excited about (all handles are Twitter handles):
@askvenice - front end to decentralized Morpheus network (@MorpheusAIs)
@arweaveeco - 200+ years of storage for a one time fee
@bisq_network - decentralized, p2p fiat/Bitcoin exchange that runs over tor
@basicswapdex - An atomic swap and cross-chain DEX with no central points of failure.
@brightidproject - Privacy-first social identity network.
@darkfisquad - tooling for creating/governing anonymity software
@havenodex - decentralized p2p fiat/Monero exchange (based on Bisq)
@havenprotocol - algorithmic stablecoin based on Monero
@holepunch_to - library for making direct P2P connections
@melproject_twitter.com/archershipsorg - anonymous communication and transaction network designed to be decentralized, incentive-compatible, and ban-resistant.
@meshtastic - open source, off-grid, encrypted mesh communication platform that runs on affordable radios
@mobazha_market - Decentralized market, derived from OpenBazaar
@nymproject - incentivized mixnet that prevents metadata release via timing attacks
#nostr - decentralized network protocol for a distributed social networking system
@odysee - decentralized Youtube alternative (based on Arweave)
@particlproject - creators of particl market place (decentralized, private marketplace)
@pears_p2p - p2p runtime built on holepunch
#reticulumnetwork (Reticulum Network
earendil
unstoppable peer-to-peer communication
docs / github / discord
"Earendil is the first anonymous communication and transaction network designed to be decentralized, incentive-compatible, and ban-resistant. It is a foundational off-chain protocol in the Mel ecosystem.
Unlike VPNs, onion routers, and most "censorship-resistant" web3 protocols, Earendil is designed to run on fully hostile network infrastructure. It's nearly invisible to ISPs and defends against powerful attackers willing to ban rather than subvert or censor the protocol.
Earendil is currently a work-in-progress. A minimally functional pre-alpha is available."
Earendil
<i>unstoppable peer-to-peer communication</i>
#archerhumorAgorism in the 21st Century
Agorism in the 21st Century Journal
[Note, I don't agree with his solutions.]
"Why has privacy failed to date? Both as a concept and a practical matter we see a general lack of urgency. When you talk to somebody, few - if any - do not support the idea of privacy, and yet the adoption of privacy-preserving measures is largely under tapped. By this, I mean across all of the web, not just Web 3.
While privacy is a more nebulous concept, in Web 3 we can generally distill the space into two verticals: private blockchains (largely financial) and private data (personal data ownership). There are Monero Zealots out there, but for the most part privacy projects are abject failures (in terms of adoption) despite this inherent expression of desire for it."
#archercrypto
Why Privacy Failed - ZK Part 2
Totally supercool and chilled VC investing in programmable assets, collaborative intelligence and other buzzwords.
#archerPolitics
#archerCrypto
"If libertarianism is so great, you should easily be able to convince those around you of its merits."
----
It took gay people decades to win the rights they have now. Gays back in the 1970's didn't wait decades for the homophobes to come round; they moved to gay enclaves where they could live without persecution immediately.
And the gay enclaves were key to winning national acceptance, by showing that the "gay lifestyle" in enclaves was nothing to be feared.
Similarly, libertarians want "liberty in our lifetime" as well. And libertarians are often asked to provide examples of how our ideas would work in practice. But putting them into practice requires winning elections. Concentrating our forces [in New Hampshire] allows us to win elections, which in turn allows us to implement our policies, which will--we hope-- assuage the fears of authoritarians, and allow for greater acceptance of libertarian values nationally.
#freeStateProject
#fsp
#archerFSP
"“We write and maintain Shoggoth, a peer-to-peer, anonymous network for publishing and distributing open-source code, Machine Learning models, datasets and research papers. The purpose of Shoggoth is to combat software censorship and empower software developers to create and distribute software, without a centralized hosting service or platform.”
https://shoggoth.systems/
#archer_ai
#ai
#shoggoth