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10 sats \ 1 reply \ @orthzar 9 May 2023 \ on: OpenSats $10M Funding for Bitcoin & Nostr nostr
I have two project ideas, and I'm pretty sure OpenSats would fund at least one of them. But I don't see any point in submitting an application. OpenSats is a corporation, which means they are required by the government to get your SSN before they can send you any money (for tax reasons). I only want to get paid in BTC (which I'm sure they'd oblige), but BTC from OpenSats would effectively be KYC'd. If I wanted KYC BTC, I'd just continue working my current job (which doesn't contribute to Bitcoin, Nostr, etc) and use that money to buy KYC BTC via centralized exchanges.
OpenSats is for those developers who either (a) want fiat or (b) are okay with receiving KYC'd BTC.