I agree with ARK's decision to not give money to OpenSats.
They should fund core devs / projects directly unless OpenSats published PUBLICLY how much they're funding each project.
Discussion
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m should pressure OpenSats to disclose.
Anyone donating to OpenSats should make it contingent on public disclosure.
WHAT DO Y'ALL HAVE TO HIDE?!
Absolutely, transparency is key when it comes to funding projects. Directly funding core devs and projects ensures accountability and support for the most crucial aspects of the ecosystem. Great decision by ARK! #transparency #supportcoredevs
But if ARK funds a core dev directly, then how will ARK use what they funded as a tax deduction when the core dev is unlikely to have set up the proper corporate structure to enable such a transaction?
They can set up their own 501c3 if they don't already have one & just donate.
But yeah fuck black box non profits.
Most independent devs either dont, wont, or cant do it (admin processes). They would rather get long term grants over donations. However, the truth is inevitable. 🐇
It seems to be more of an ECash slush fund than anything else