This was asked by @elvismercury here: #298868
I thought it was a fun question. @evanbaer follows up asking for "Top 5 list" if the structure helps.
Mining sites and landfills using methane. Let’s get this bitch carbon neutral baby.
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Seems like that could be a nice political win, too.
bitcoin could use 100% 'renewable' sources and it would still be attacked because the attack actually has nothing to do with the environmental impact of mining itself. imo.
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I think that's a bridge too far. People really do care about this. It's probably fair to say that the issue is weaponized by people who don't care about it, but that's true of anything you could name.
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That’s already happening tho’
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  1. Buy BTC via several non-KYC exchanges, buy the whole 55M, projects will only be financed in BTC. By the time the whole fund is deployed it would surely be worth more than 55M cuckbucks.
  2. Fund educational projects in Africa, LatAm and Asia with one third.
  3. Check Geyser and Tallycoin monthly and fully fund "the best" proposals (arbitrarily, it's my money)
  4. Fund my own company with the other 1/3 it should be enough to pay everyone great salaries and make it work.
  5. Then I win
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I like the $55m btc buy-in, and pay-out in btc. Serves the community in multiple ways!
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I'm wrestling with different ideas, and it will take too long to try to make them well-ordered and ranked, so instead I'm going to just post a bunch of candidate ideas, of which this is the first.
Bounty: on the strength of that goofy video with that furry orange coin monster, set aside $2 million in btc for btc "early funnel" videos -- designed to introduce people to btc, in whatever way the authors think is best. It could be funny and goofy, it could be serious and techy, whatever.
Awards: the first hundred videos that clear the bar of "credible and good enough" (voting method to be described momentarily) get $10k of btc. These hundred videos are put in competition with each other, and the ultimate winner gets a million dollars in btc.
Voting: videos will be submitted, via special process, to Stacker News. Stackers cast vote based on zaps, with proceeds going to the site. Videos zapped beyond a reserve threshhold price will automatically win, unless I decide otherwise due to seeming bullshit or hijinx or whatever. I can also arbitrarily award the prize to a video even if it hasn't met its zap reserve price.
Disclaimer: since I am the dictator of this $55m btc success fund , I reserve the right to make assorted determinations on its behalf. This is the easiest way to prevent things like a Satoshi-wannabe stuffing the video submission ballot with child porn; and would also serve as a good lesson that while btc reduces the total trust necessary to operate a monetary system, there is no such thing as 'trustless' in a system built by and for humans.
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fund a ton devs, probably half protocol, half product
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Are there particular holes that seem obviously in need of filling that would be akin to "market failures" that could benefit especially from this funding model?
I always assumed there was a bunch of annoying unsexy work that volunteers wouldn't be drawn to and that could really benefit from explicit funding, e.g., something around automated testing and deployment, auditing, documentation, since most people hate that shit and do it reluctantly.
But that's just a guess. Anything jump out at you?
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Yes definitely. Paying a couple devs to purely work on lightning implementation interoperability testing would be amazing
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This ^^
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891 sats \ 1 reply \ @Lux 30 Oct 2023
Donations to communities at the condition of never exchanging to fiat, Bitcoin Beach style
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I'm curious how much support infrastructure is needed before a BB-type effort is useful -- e.g., some dudes were grinding in the background for years to put the pieces in place to make BB viable. How many dudes? What were / are they doing, exactly, and for how long?
It would be interesting to see a detailed breakdown of how that's played out in BB. I wonder if that exists someplace?
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Fund projects seeking to build zk rollups on Bitcoin with trustless two way pegs so that we can scale this thing effectively.
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Are there candidates already, or that's a class of thing you imagine would be useful? I know what zk rollups are but haven't heard it discussed wrt btc.
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There are several. Chainway is one public project: https://chainway.xyz/. Zerosync is also working on one. There are supposedly others that aren't public yet.
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I'd just try to scale, broaden, and deepen bitcoin dev education like Chaincode and base58. I'm not sure how much difference $55m would make on such a thing, but I imagine Chaincode's budget is <$5m/year.
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This is going to be an element of my fantasy fund for sure.
A question I've noodled on: would it be more bang for the buck to just give those groups a bunch of money, given that they've proven to be great stewards of it? Or would it be better to start a new group, to decentralize the process of funding, and perhaps fund new people with a new attitude / vibe / process?
That could be its own whole thing, couldn't it? Hmm.
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I'd buy thousands of cheap durable cellphones (usable in the global south) and gift mutiny wallet/ zeus to as many freaks possible
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Well if I couldn't smash buy and just have the Bitcoin network do its thing I would probably focus on how I could generate as much new energy production across Africa with Bitcoin as a demand response tool and bootstrapping these new power plants.
I think for me the bang for buck is real, give people energy and then watch them to put it to work, plenty of value to be unlocked on the continent
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Fund 20 $50k bounties to create btc-focused university-level classes on assorted topics across the sciences and humanities. The point isn't to create classes about btc for the sake of btc, but rather to create classes in key fields that illustrate those topics with first-rate btc material. Students who don't necessarily care about btc would take the classes because they're really effective for teaching some key topic area. They would emerge with btc knowledge as a trojan horse.
It's not hard to think of technical classes in {algorithms, cryptography, distributed systems, software engineering} that could include a significant btc component, but the really interesting place to include it would be the non-economic social sciences. Everyone who's gone deep down the rabbit hole comes to understand how profound are the implications of money in general, and btc in particular, across a host of domains. Having quality content that foregrounded btc's relationship to history, psychology, sociology, communications, anthropology, and political science would be super interesting.
Making classes that were fully academically credible and that came with free materials, detailed syllabi, good problem sets, and high-quality instruction available free to everyone would orange pill a host of people who may not otherwise wind up orange-pilled. I think this is a major weakness of existing educational material -- the classes I know of start from the premise that btc is the most amazing things and you already want to learn about it. The audience who meets that criterion is severely limited. Far better to spread the conceptual underpinnings of btc to anybody who wants to learn the things that come as part of a standard university education -- that would be a million bucks well spent.
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id buy $55 mil of l-btc to try and bootstrap liquid 🤣
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Smash buy
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Lol this is the way, no need to make it complicated
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deleted by author
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