HRF – Coin Network News https://coinnetworknews.com If it's coin, it's news. Mon, 13 Mar 2023 21:34:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Ordinals Community Donates $19,000 To HRF Bitcoin Development Fund https://coinnetworknews.com/ordinals-community-donates-19000-to-hrf-bitcoin-development-fund/ https://coinnetworknews.com/ordinals-community-donates-19000-to-hrf-bitcoin-development-fund/#respond Mon, 13 Mar 2023 21:34:42 +0000 https://coinnetworknews.com/ordinals-community-donates-19000-to-hrf-bitcoin-development-fund/

An Ordinals community surrounding the Taproot Wizards inscriptions has donated almost .85 bitcoin to the HRF.

The Taproot Wizards Ordinal inscription collection community has announced the donation of approximately $19,000 worth of bitcoin to the Human Rights Foundation’s Bitcoin Development Fund. The fund supports and funds various Bitcoin projects, developers and Bitcoin Core contributors. 

In addition, according to the announcement tweet, more than 5,000 lightning micro-transactions took place from seemingly new users of Bitcoin’s Lightning Network.

According to Udi Wertheimer, who identified himself as “Taproot Wizard #0001,” the “Struck by Lightning” Wizard School quest went on for 48 hours, during which 5,800 unique accounts participated. These accounts sent a total of 0.845 BTC in donations, currently worth around $19,000. 
The average donation was approximately $3.50, and the vast majority of donations were $2.00 or around 10,000 sats. “All payments were made via Lightning, and judging by the reactions on our discord server it seems like the vast majority were first time users,” Wertheimer explained.

Bitcoiners who had never experienced the Lightning Network’s awe-inspiring speed were taken aback at the instantaneous nature of their payments. “I never knew lightning is that fast,” one user exclaimed. “Shit is crazy.”

Ordinal inscriptions have taken the Bitcoin community by storm since their introduction, with the protocol well on its way to over 500,000 inscriptions. While the implications of Ordinals are not yet entirely agreed upon, it is certain that the immutable arbitrary data storage that Ordinals and Taproot enabled is unlocking new developments and communities surrounding Bitcoin. 



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HRF Donates 2 Billion Satoshis To 10 Global Bitcoin Projects https://coinnetworknews.com/hrf-donates-2-billion-satoshis-to-10-global-bitcoin-projects/ https://coinnetworknews.com/hrf-donates-2-billion-satoshis-to-10-global-bitcoin-projects/#respond Tue, 21 Feb 2023 16:07:29 +0000 https://coinnetworknews.com/hrf-donates-2-billion-satoshis-to-10-global-bitcoin-projects/

Various projects supporting censorship resistance and Bitcoin education have received funding from the HRF.

The Human Rights Foundation (HRF) has granted 2 billion satoshis, approximately $475,000, from the Bitcoin Development Fund to 10 global projects. The funding will support areas such as censorship-resistant communication, Bitcoin education in authoritarian regimes, core development and building local communities and education, with a focus on Africa and Southeast Asia. The grants include $100,000 to Qala, a fellowship program training the next generation of African Bitcoin and Lightning developers, allowing the program to continue their 13-week fellowship and sponsoring six Qala fellows to attend the Oslo Freedom Forum.

The HRF has also awarded $75,000 to the Africa Bitcoin Conference, the largest Bitcoin-focused conference in Africa, and $50,000 to William Casarin for his work on Nostr, a censorship-resistant, open-source and decentralized social network platform. Additionally, $50,000 went to Bitcoin for Fairness, which focuses on raising awareness of Bitcoin for disadvantaged communities and in authoritarian states. Another $50,000 went to Vasil Dimov, a top-20 contributor to Bitcoin Core, to ensure continued development and stability of the Bitcoin protocol.

The remaining $25,000 grants were awarded to Emmanuel Bronshtein for his contributions to Wallet Scrutiny, Exomunia to expand Bitcoin educational resources, Ekenimoh Elyan for EasePay, and Bitcoin Myanmar for financial freedom education. HRF has allocated over $2.2 million in BTC and USD to more than 70 developers, educators and open-source initiatives worldwide since early 2020. The organization continues to raise support for the Bitcoin Development Fund, with the next round of gifts to be announced in May 2023.

“Bitcoin is a powerful tool for human rights defenders around the world,” and these grants support their belief that “financial freedom is a human right,” Alex Gladstein, Chief Strategy Officer of HRF, said. “We are proud to support the amazing work of these individuals and organizations who are using Bitcoin to fight for human rights and freedom, especially in regions where it’s needed most.”

HRF is a registered 501(c)(3) non-profit organization, and donations are tax-deductible to the fullest extent allowable by law. Proposals for support can be submitted to [email protected], and more information can be found on HRF’s website.



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