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)
>hodl bitb in .rothira ✔️
🙏 thank you! really cool to hear how thoughtfully you guys approached that decision.
Bitwise is just getting some collateral belly aching. Really a Saylor/Ark issue.
Seems ok to me 👍
Thank you.
wen funding nostr?
would love to at some point! maybe not via the bitcoin etf but would hope to via bitwise somehow
HRF and OpenSats both also do Nostr, no?
yeah both very active tho opensat’s nostr fund is a separate fund
Excellent incentive in action! We all will benefit from Bitwise ETF!💜🤝
Kim, you are in the right direction! Keep it going 👏👏
Very impressive. This is the way.
They built their system with our money… Let’s return the favor!
Time will tell...Never Trust Wall Street Gangs and Wall Street money. Things don't change so fast. FIAT MONEY IS FIAT MONEY. BANKS ARE BANKS AND WALL STREET IS WALL STREET. Seeking compromise with ETF seems like a trap to me. They are not our friends...they wish we could be all put out like a smoked joint. My thoughts as always.
You are making it hard for us to complain about...
This was a thoughtful approach.
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