Replying to Avatar ODELL

> Let me paint scenario where an open source dev is looking to make a 1031 funded company obsolete, would open sats fund it? I have a hard time believing open sats would especially since Odell would be liable for damages for breaking his fiduciary responsibility.

WE FUND PLENTY OF PROJECTS THAT COULD BE SEEN AS COMPETITORS TO TEN31 PORTFOLIO COMPANIES. THE LIST IS PUBLIC. CHECK FOR YOURSELF. OUR INVESTMENT STRATEGY AT TEN31 FOCUSES ON COMPANIES THAT BENEFIT FROM A ROBUST OPEN SOURCE ECOSYSTEM.

> The biggest problem is that Open sats doesnโ€™t fund anonymous developers. That means if Satoshi had come to Open Sats for funding he would have been denied.

WE FUND NYMS AND TAKE THEIR PRIVACY INCREDIBLY SERIOUSLY BUT YES AS A 501C3 WE HAVE TO KEEP RECORDS FOR TAX AUDITS. WE MAKE EVERY RECIPIENT AWARE OF THIS RISK.

> Open Sats would be better off creating a list of devs / projects for people to zap / crowdfund instead of being a middleman.

GREAT IDEA. YOU SHOULD DO THAT.
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:P 1y ago

Are you defending your hypocrisy? I appreciate the transparency and all but you are hardcore about being KYC free when it comes to Twitter and life in general but then KYC Open Sats recipients.

I say Open Sats should make a list because they have all the ๐Ÿ‘€ and is ones playing middle man. What good would my list do? I have 5 followers. If you want help making a list I would be happy to help.

If you were to resign from 1031 or Open Sats you would avoid this type of criticism. Just because plebs donโ€™t call you out doesnโ€™t mean they arenโ€™t thinking about it. Itโ€™s dangerous hanging out with too many โ€œyesโ€ men.

Overall I know you are a honest guy and a huge net positive for bitcoin nostr & freedom tech.

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ODELL 1y ago

I WOULD LOVE PEOPLE TO FUND DEVS DIRECTLY. IT IS STRICTLY BETTER THAN RELYING ON AN ORG LIKE OPENSATS.

BEFORE OPENSATS, TEN31, OR NOSTR I LAUNCHED https://bitcoindevlist.com WITH DENNIS FOR THIS PURPOSE. UNFORTUNATELY VERY FEW DONATED.

HOPEFULLY NOSTR CHANGES THINGS AND MORE PEOPLE FUND DEVS DIRECTLY USING ZAPS.

UNTIL THEN I AM GOING TO CONTINUE MY FOCUS ON GETTING AS MUCH FUNDING AND SUPPORT TO DEVS THAT NEED IT. PROUDLY.

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btc 1y ago

Maybe you can get your bit wise buddy to donate some of his profits from his Eth sol xrp doge ETFs and then it wonโ€™t be an issue