10 sats \ 0 replies \ @geyserfund OP 3 Apr \ parent \ on: Geyser AMA 🙌 😎 AMA
100% Thank you Tomek! We love the European Halving Party event you put together, hopefully we'll be able to come.
That's a plan!
Our open source community was working on an open source widget. I think it was @sepehr: https://github.com/geyserfund/geyser-app/pull/1282
The peer-to-peer pressure that makes it possible for the potential energy of a community to come together in a beautiful display of water!
Definitely: https://geyser.fund/project/bitcointradingcards
Great insight. Most projects on Geyser are about Bitcoin - in fact around 90% of them.
But our broader mission is empower creators around the world to leverage this important and powerful tool of fundraising! :)
We had 1 impersonator, and one scammer running away with funds and not sending their promised rewards.
That's why it's so important as a contributor to rely on the social reputation of the creator as a key signal of trust.
Which is why creators should login on Geyser with their social accounts where they have accumulated trust.
Great question!
We need both Online and meatspace communities. Geyser has supported quite a few Bitcoin communities in their need for fundraising in the past.
Did you have anything in mind as to how Geyser may support Bitcoin communities?
There have been a few rare cases of projects impersonating or running away with funds, but the vast majority of projects are super honest.
As for failures, I can't think of any major examples. However, there is always room for improvement, which is why we are creating step-by-step guides to help creators get the most out of Geyser
We wish more Bitcoin companies could support us in sponsoring Grants going to Bitcoin creators. We are working on it!
Great question! Our vision is to transform Geyser from a simple crowdfunding platform to an open creator platform that allows creators to raise funds not just through donations but also rewards (which are live now), subscriptions (we are testing them out), memberships and more.
Our vision remains the same:
- make crowdfunding accessible to everyone
- remain as neutral as possible about the quality and value of the project
- focus on Bitcoin only and primiarily Lightning, which is how we make Bitcoin more usable and scalable
- We believe in the ability for everyone to transact freely towards their ideas.
We don't have that "all or nothing" feature right now, but it's something we're considering building.
You are right, it might not be possible to do this with Lightning alone, but it should be possible with Liquid.
We think podcasts are not really doing Geyser much but that is a no-brainer way to get more funding for their content. Also just more online content creators who want to receive sats for their content.
Have you ever been robbed by any initiative? We had 1 impersonator, and one scammer running away with funds. That's why it's so important to rely on the social reputation of the creator.
How do you choose which projects to support? Anyone can launch their project on Geyser, we want to make it easy for anyone to launch their idea. In the coming months/years we'll be improving the reputation system by integrating with Nostr's social graph.
That's actually a great idea, thanks for that.
It's similar to a feature we already have: the Geyser Grants.
Our grants have a theme or topic (e.g. bitcoin movies), and projects on Geyser can apply.
The evaluation and distribution process is done by a panel of experts or by community voting, i.e. 1 sat = 1 vote
Here you can learn more about Geyser Grants https://guide.geyser.fund/geyser-docs/product-features/geyser-grants
Love this idea! Yes! We have considered this idea. Ideally, everyone would be able to create their bundle of projects to whom users can send payments and subscribe to ;)
Great question and great answers!
On top of what Stelios said:
Getting the right team has been a big challenge, but also the most exciting one. Once you get it right it's so rewarding. Lot's of learnings here.
Fundraising with Bitcoin offers several advantages:
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Bitcoin is a global and permissionless network , so it allows access to financial services such as crowdfunding to anyone with an Internet connection. In contrast, traditional platforms such as Kickstarter, are limited to a handful of countries.
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It allows pseudonymous donations, which is very important to many contributors for sensitive projects like Bitcoin4Palestine
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Allows lower fees than traditional platforms, especially when currency exchange fees are also considered
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Fundraising with Bitcoin brings with it the Bitcoin community, which over the years has always been super generous and ready to donate to valuable initiatives
I hope this sums it up well ;)
90% of projects on Geyser are funding Bitcoin creators. We do see, however, some large projects funding humanitarian emergencies and social causes of different types.
Two large ones have been supporting the Humanitarian crisis in Gaza and the Turkey Earthquake earlier this year.
But yea, most projects go towards supporting Bitcoin creators: creatives, educators, community builders and developers.