Last Updated: 1 November 2022
Money has again been handed out to fledgling bitcoin projects by the Human Rights Foundation and lightning company Strike.
The projects Cashu and LNlink will both be donated an amount in bitcoin to build on their software. The money was distributed to the developers in consultation with OpenSats.
A while ago, the Human Rights Foundation announced their intention to support bitcoin development. But in a specific corner:
- a completely anonymous tipjar;
- a privacy-friendly eCash wallet idea;
- an app for dollars via lightning.
From all the applications, the promoters have handed out two scholarships. William Casarin is eligible for the reward of 1.0 bitcoin worth about $10,000 to work on LNlink.
He is working on iOS app for the c-lightning implementation. His goal is to be able to receive donations anonymously, without having to share any of your (digital) identity.
You can use LNlink to directly use a lightning node running Core Lightning. It does not require any additional software, such as VPN or Tor.
In addition, developer Calle gets 0.5 BTC for his work on Cashu. Should he be able to solve a problem with IP addresses before the end of the year, he will also receive the remaining 0.5 bitcoin.
Cashu is eligible for the eCash bounty. It is a privacy-friendly way to send bitcoin in a semi-custodial manner.
With Cashu, nobody knows users’ balances nor do you have an account. The trust model is slightly different with eCash wallets though, namely shared custody. According to developer Calle, with Cashu you do control the tokens yourself.
Cashu is a Chaumian Ecash wallet and mint with full #Bitcoin Lightning support.
Cashu makes Bitcoin custody more private. You don't have an account with the mint, it doesn't know your balance or who you're transacting with. You hold your own tokens. pic.twitter.com/5CfgI8KV5B
— Cashu (@CashuBTC) September 25, 2022
According to Alex Gladstein, the Human Rights Foundation’s Chief Strategy Officer, there has been no good submission for the stablecoins-on-bitcoin donation.
According to them, they only want to support non-custodial dollar options, but these do not seem to exist yet.
There are already bitcoin wallets with dollar balances, such as Galoy’s Stablesats. However, they used crypto exchange OKx to settle derivatives, making it a centralised solution.
Another idea is Kollider’s Synthetic Stablecoins.