so cool!
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This is very cool.
What made you want to build this?
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A few reasons
I saw a project on ethereum that lets you vote on how to spend some funds in a group and I wanted to do it too, but with bitcoin, so I made an app for that
I also think it would be really cool if this had existed back when Jack gave some money for nostr development -- it would have been a cool way to distribute responsibility for the funds
I think any charity can use this to demonstrate how they use contributions in a fair way
I think governments can use this to ensure they are accountable for their treasury decisions
I think businesses can use this to distribute responsibility for corporate funds
I think fan clubs can use it for membership dues
Basically I saw a need for a way for people to jointly hold money but be public about how they are using it, and this is one of the many things bitcoin fixes
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That's insane! Great work @super_testnet 👏 really exciting times
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Most excellent. What can I do to help?
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Make a bitpac with your friends and then do a tiktok about it
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Lots of applications for this, but what my first thought was it’s a great solution for fantasy sports pots!
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Yeah! You can also use it for p2p loans. Make a 2 of 3 bitpac between a borrower, a lender, and a neutral third party. Have the borrower put some collateral in the bitpac address and have the lender send him some USD. If the lender pays off his loan on time, the borrower or the neutral third party can cosign with the lender to return his collateral to him. If not, the lender or the neutral third party can cosign with the borrower to pay it off using part of the collateral, then send the remainder (if any) back to the borrower.
What's also cool is that the neutral third party doesn't even need to know they are involved unless there is a dispute. You could use Marty Bent for example and only ask him to intervene if your counterparty acts unfairly.
The same principle applies for stuff like futures contracts. One person goes long and is supposed to get some money if bitcoin's price rises by a certain date. The other person goes short so he takes the opposite gamble. If both parties cooperate, they can cosign together to release the funds to the winner. If either one is a sore loser and won't sign to release the funds, the winner can contact the neutral third party and ask them to intervene.
But unlike with DLCs, the neutral third party doesn't need to run a server, or even know they are participating.
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Awesome! I like it!
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Thanks! I hope a lot of people enjoy this project. There's are many thing people like doing in groups, maybe using bitcoin can be one of those things
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Yep, after I seen video, I think also can help FOSS projects, mainly audit funds and be transparent with foundations.
Congrats by the idea! :)
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🧙Super Testnet is on a roll in 2023; first Magic Webstore, now Bitpac.
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This is SO cool.
Future versions of this will become the default way to organize treasuries for decentralized movements. Takes away the danger of fraud.
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YES! Lets use this to manage cyberpunkhardware.co with this and Nunchuck you basically have a slim cellular DAO structure #neweconomy
thinking of using this for our org
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Cool! What is your org?
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unspent.space
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Very cool - great work!
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Very interesting project and use cases, thanks for making this application.
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🟠🟣⚡️📖🫡 🐐 superb ... yaaa we can use it for any pots model business..
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Awesomee!!
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Bookmarked!
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Super cool!
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This post was featured on This Day in Stacker News.
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太谢谢你了,比特币正因为有无私的开发者而伟大
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.