CD57: bitcoin crowdfunding and donations with @coinjoiner, @pavlenex, and tony
Feb 23, 2022
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coinjoiner and pavlenex discuss Bitcoin crowdfunding, donations, address reuse, circular economy, best practices for using funds, reducing friction, and hosting donations. They also talk about BTC Pay Server, Tor for payment gateways, Satsale, reusable taproot addresses, trade-offs between transparency and privacy, decentralization, promoting Bitcoin adoption, privacy-enhancing techniques, open source project contributions, Bitcoin wallets, and expressing gratitude.
Controlling your own private keys gives you greater control over your Bitcoin and prevents others from seizing or controlling your digital currency.
Mobile apps like Blue Wallet and Green Wallet make it easy for the average person to hold their own private keys and custody their Bitcoin securely.
Recent actions by the Canadian government have highlighted the benefits of Bitcoin, leading to increased interest in alternative forms of money and greater awareness of its control and privacy benefits.
Accepting Monero as a donation and swapping it into Bitcoin can provide better privacy, especially in situations with heavy surveillance or state-level actors.
Deep dives
Importance of Controlling Your Own Bitcoin
The podcast guest emphasizes the importance of holding your own private keys when it comes to Bitcoin. By controlling your own Bitcoin, you have greater control over your money and it becomes significantly harder for others to seize or control your digital currency.
Ease of Holding Your Own Private Keys
The guest explains that it is easy for the average person to hold their own private keys for Bitcoin. There are mobile apps like Blue Wallet and Green Wallet that allow users to easily create private keys and custody their own Bitcoin. With the ability to back up wallets with 12 words, users have the freedom to control their Bitcoin and securely store it themselves.
Growing Recognition of Bitcoin's Beauty and Utility
Recent actions by the Canadian government have awakened people to the benefits of Bitcoin. As the government's ability to seize funds and restrict transactions becomes more apparent, many individuals are recognizing Bitcoin's utility as a distributed network that cannot be controlled by any central authority. As long as people hold their own Bitcoin and secure it with backup words, they can maintain control over their money and transact freely without government oversight.
Considerations for the Popularity of Bitcoin
In light of recent events, the guest expects a surge in popularity for Bitcoin. The Canadian government's actions have revealed the potential dangers of relying on the traditional banking system and increased interest in alternative forms of money like cryptocurrencies. As people become more aware of the control and privacy benefits offered by Bitcoin, it is likely that its popularity will continue to grow.
Accepting Monero as an alternative in an adversarial environment
In situations where there is heavy surveillance or a state-level actor is involved, accepting Monero as a donation and then swapping it into Bitcoin can provide better privacy. This approach can mitigate the risks associated with address reuse and provide additional privacy benefits. While there may be some UX challenges in explaining Monero and facilitating swaps, it is a consideration worth exploring for privacy-conscious fundraising efforts.
Contributing to BTC Pay Server
BTC Pay Server welcomes contributions from various individuals and is not limited to developers. People can contribute by helping with documentation, design, and other non-technical tasks. Those interested in contributing can reach out to Pavel on Twitter at @Pavolnxt to learn more about the available opportunities and how they can get involved.
Contributing to SATSale
SATSale, an open-source project, also encourages contributions. Individuals interested in contributing can visit sat-sale.org to access the GitHub repository and find instructions on how to contribute. SATSale also accepts donations, which will be used to support the project's development and future initiatives.
Supporting SATSale and Gun
To support SATSale or Gun, individuals can donate directly through their respective websites. SATSale is currently working on printing SATSale t-shirts and will be sending them to substantial contributors as a token of gratitude. Gun is a command-line Bitcoin wallet that supports peer-to-peer betting using Bitcoin. Those interested can visit gun.fun to learn more about the project and contribute.
TOPICS: donations, crowdfunding, btcpayserver, satsale, address reuse, bip47, circular economy, best practices for using funds after receipt, reducing friction, hosting donations for others
