we put care into designing bitwise’s bitcoin etf donation mechanism

features:

- *no strings attached* donations

- to established non profit orgs rather than individuals to be further arm’s length from devs

- three orgs (open sats, brink, hrf) rather than one to reduce bias and increase reach

- recurring annual donation tied to 10% of profit of the etf to increase transparency and predictability

-long term commitment (10 years)

yes you can dunk on it as “wall street money” but not all wall street money is the same and we put effort into reducing potential for harm while still funding devs

my view is that every actor benefiting from bitcoin should bias towards funding devs while being mindful of harm donors can create (lmk if bitwise can be doing better here! open to feedback for sure but disagree with the idea that etf profits as a funding source is fundamentally corrupt or bad)

good morning

GOOD MORNING NOSTR, DESPITE RAMPANT SPECULATION I FAIL TO SEE HOW I BENEFIT FROM ANY OF THIS BULLSHIT. JUST THOUGHT IT SHOULD BE PUBLIC. CONSIDER ZAPPING DEVS WHO BUILD SHIT YOU RELY ON.

RHR WILL BE TOMORROW AT 1800 UTC.

i am jack's complete surprise

nostr:note148htlvdzcmqv6x8pa26v2xw0zavyc938myjmamjzrw0vjfyq7r0q66cpsv

ONE OF THE BIG ETFS WAS GOING TO DONATE TO OPEN SOURCE DEVS.

SAYLOR TOLD THEM IF THEY DID IT HE WOULD CRUSH THEM SO THEY PULLED OUT OF THE COMMITMENT.

WILL NEVER FORGET WHEN GERMAN POLICE MURDERED JSTARK MOST OF THE LARGE BITCOIN TWITTER ACCOUNTS JUST KEPT POSTING CHEAP ENGAGEMENT TWEETS LIKE IT DIDNT HAPPEN.

IF BITCOIN SUCCESS RELIED ON TWITTER INFLUENCERS WE WOULD BE FUCKED.

FORTUNATELY IT DOES NOT.

FRIENDS ACTED LIKE I WAS CRAZY WHEN I DELETED FACEBOOK OVER A DECADE AGO.

ONE OF THE BEST DECISIONS OF MY LIFE.

A bitcoin signing application.