What's funny is I was not yet a complete #Bitcoin maxi when I started building this project, like I am now. Intriguing how much we change in life YoY. However, I have come to peace with leaving it with the coin options for campaigns and with the belief that who am I to gate what someone wants to do? I won't treat this as an oppressive religion. If someone wants to accept campaign funds with a #shitcoin... that's on them lol
Did you know that since 2018, I've been building CoinFund, which is an open-source, decentralized, non-custodial, non-KYC Bitcoin and Altcoin crypto crowdfunding, donations, and atomic swap exchange using P2P? It has also made use of a rudimentary implementation of relays to store/retrieve campaign data. We're always looking for more relay contributors to further its decentralization. Though, in recent years, I've been contemplating baking in Nostr as its base for campaign data, so as to no longer use a proprietary relay system. CoinFund might not currently be as robust in features as some alternative crowdfunding/donation platforms, but it's nowhere near as centralized as them. I still plan to work on this, but it has been an extensive undertaking as a solopreneur. Check it out... https://coinfund.app
Discussion
Philosophically, I get your point (and kind of agree: shitcoiners gonna shitcoin). On the other hand, in terms of personal responsibility, I would want the things I touch, if I have control over them, to feed a trajectory of net positive for humanity, which the vast majority of shitcoining is not.
Someone collecting donations for a worthy cause, but in crypto? Idk, it’s tricky. Perhaps they can help a lot of people with that money before it goes to zero. But feeding into a system of scams comes with additional negative externalities that could be largely avoided if their only option was Bitcoin.
Appreciate you being forthright about it, and for making me think.
Still, whenever given the choice… Bitcoin only 🙏
Absolutely agree. And all projects since have been Bitcoin/Nostr focused. I just had two choices with CoinFund... 1) admit I was once a shitcoiner and still be proud of what I have built and stay true to the original mission, or 2) completely gut a project I've slowly built over 6yrs and start anew with a fresh lens on the world and set of ideology.
What's neat and I think is a value proposition to CoinFund is it is completely frictionless. No signup of any kind. You just visit the app and it autogenerates a hot wallet that you can use to immediately spin up a campaign. Whereas, with an integration of Nostr, it's a whole learning curve on top of an already complex topic such as crypto, for the normies. At least, that's what has been holding me back from trying to make the switch.
Not to mention, that admittedly, Geyser has been absolutely crushing it in this space and I am happy for them.
That’s a respectably nuanced take 🤝
Considering that most exchange/swap services offer shitcoins, at least providing an easy and private platform to exchange crypto for Bitcoin (for anyone who’s gained the understanding of why they should) is a good thing.
Maybe there’s a “middle way” where the messaging can emphasize Bitcoin, or link to articles for users who might be looking education.
Example: new user hears that there’s an opportunity to accept crypto for their charity campaign, not knowing the difference. The setup could default to Bitcoin, or even offer to accept any crypto and auto-swap into Bitcoin, with a link or tooltip as to why it’s the best money for their campaign (ethical, un-censorable, no leader/decentralized, etc) and could leave open the free-market option to choose a different currency (even fiat?) if desired.
It would create an opportunity to “feed the good” without (I assume) requiring a technical overhaul, or preventing inexperienced-but-well-meaning customers from discovering the product (and even being steered in the right direction once they sign up). My two sats ⚡️
Of course, you don’t need me to tell you how to manage your product, but I love thinking through this stuff and appreciate the discussion 🤝