how was your experience asking for grants and donations?
One thing that's great since project's inception is that we're all funded by different entities. Thus far we had: Spiral, HRF, OpenSats, Foundry, Bitmex, Galaxy. Some of the entities even allowed their employees to work on SRI.
It's tough, but back when I started doing FOSS Bitcoin 7 years ago, situation is much better. There are now so many entities that recognize good and valuable work. I would say that each and every one of us first added some proof of work, before applying for a grant.
Situation can always be better, as someone handling this side of the things for contributors of SRI, one thing that could be better is mullti-year support so that contributors don't have to worry every 6-months or 12-months if their grants will be renewed,
were there any important lessons you learned that might be useful for other FOSS builders looking for grants to support their work?
Put in proof of work, even if it's in spare time and ensure community recognizes the value you're adding
When writing application always ask core contribution team to validate your ideas or areas you can be useful for the project
We need multi-year grants in this space asap, dealing with sustainability insecurities and constant renewals takes a toll on people.
Cory asks: "Why should a Bitcoiner care whether DEXes exist? What are the use cases?"
Well, if we don't have DEXes, government can just shutdown the party by closing down CEXes. As always, decentralization is the opposite of having single points of failure. Single points of failure make the system fragile. Decentralized designs like bisq make the system robust.
The use cases are plenty: private transactions (which have many reasons to be useful), low fees (yes, you can achieve fees lower than many exchanges), trust-less trades that don't rely on an organization, the social pleasure of dealing with a peer on equal conditions instead of a massive corporation like Coinbase.
And DEXes work for people even if they don't use them: the fact that some unknown mass of bitcoiners is using DEXes helps protect the entire network from attacks, since any pressure on CEXes would incentivize shifting over to DEXes, further strengthening the network resilience.
One thing that's great since project's inception is that we're all funded by different entities. Thus far we had: Spiral, HRF, OpenSats, Foundry, Bitmex, Galaxy. Some of the entities even allowed their employees to work on SRI.
It's tough, but back when I started doing FOSS Bitcoin 7 years ago, situation is much better. There are now so many entities that recognize good and valuable work. I would say that each and every one of us first added some proof of work, before applying for a grant.
Situation can always be better, as someone handling this side of the things for contributors of SRI, one thing that could be better is mullti-year support so that contributors don't have to worry every 6-months or 12-months if their grants will be renewed,
Cory asks: "Why should a Bitcoiner care whether DEXes exist? What are the use cases?"
Well, if we don't have DEXes, government can just shutdown the party by closing down CEXes. As always, decentralization is the opposite of having single points of failure. Single points of failure make the system fragile. Decentralized designs like bisq make the system robust.
The use cases are plenty: private transactions (which have many reasons to be useful), low fees (yes, you can achieve fees lower than many exchanges), trust-less trades that don't rely on an organization, the social pleasure of dealing with a peer on equal conditions instead of a massive corporation like Coinbase.
And DEXes work for people even if they don't use them: the fact that some unknown mass of bitcoiners is using DEXes helps protect the entire network from attacks, since any pressure on CEXes would incentivize shifting over to DEXes, further strengthening the network resilience.
https://m.stacker.news/21523