@OpenSats $1M/month in funding is a huge win for Bitcoin & OpenSource! But the community needs more clarity.
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's situation
also raises questions but he at least got a rejection.
Given OpenSats' influence, greater transparency is crucial for trust.
OpenSats
Transparency - OpenSats
OpenSats' transparency and policy documents.
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.
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