Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: ABCbits on May 06, 2024, 01:00:27 PM
-
Jack Dorsey Commits $21 Million to Bitcoin Development Efforts
Jack Dorsey, co-founder of Twitter (now X), donated $21 million to OpenSats, a non-profit organization, through his #startsmall initiative.
This donation is part of his broader support for Bitcoin and decentralized social media, viewing Bitcoin as integral to the internet... Read more here (https://www.btctimes.com/news/jack-dorsey-commits-21-million-to-bitcoin-development-efforts).
It's really big amount compared with $100K by tether and $3.6M by CoinBase. I think it's also worth 100% of the donation goes to Bitcoin development, since they have separate funds/donation for operational task. Your opinion is greatly appreciated.
-
We can only hope that the donation will contribute to the realization of some new ideas, although I wonder how much can actually be done with so much money? Of course, for an ordinary person it is a large amount, but for some big things (projects) it may still be too little considering that those who fight against privacy have unlimited funds.
However, Jack has shown that he is much more generous than some others, and maybe this will encourage some others to be a little more generous.
-
We can only hope that the donation will contribute to the realization of some new ideas, although I wonder how much can actually be done with so much money? Of course, for an ordinary person it is a large amount, but for some big things (projects) it may still be too little considering that those who fight against privacy have unlimited funds.
In addition, OpenSats seems to support so many project[1][2]. So i expect it's only enough to make those project keep running and maintain most important feature.
However, Jack has shown that he is much more generous than some others, and maybe this will encourage some others to be a little more generous.
Yeah, let's hope it'll encourage other people to make donation.
[1] https://opensats.org/projects/showcase (https://opensats.org/projects/showcase)
[2] https://opensats.org/blog/2023-year-in-review (https://opensats.org/blog/2023-year-in-review)
-
This is a very good move by Jack Dorsey who is one of the well-known supporters of Bitcoin and let's hope that with this huge donation it can make Bitcoin more progressive and more attractive to the mainstream population. With continuing developments funded by people who are strong believers in the powerful and game-changing potential of Bitcoin, the King of Cryptos will eventually evolved to be what the people are looking for in an empowering cryptocurrency most especially in today's ever changing era. We should be thanking Jack for his initiative and generosity and hopefully there will be more to be encouraged to do the same.
-
In addition, OpenSats seems to support so many project[1][2]. So i expect it's only enough to make those project keep running and maintain most important feature.
A very interesting list of projects, and it is especially interesting that Tor is one of them - which might explain why others are less generous or restrained, given that this project is not very popular with those who fight against privacy. Of course, Tor is not the only project that makes privacy possible from that list, so every donation is not only valuable in a monetary sense, but also shows who is in all this just for money, and who has other goals as well.