We had a short chat with Bitcoin Cash Fund founder Paul Wasensteiner on what proposals they’re looking for.
As promised, the Bitcoin Cash (BCH) community is delivering a fund that would support people who want to take the lead on developments in the Bitcoin Cash blockchain. The Bitcoin Cash Fund has launched their official website and is now accepting development proposals.
The initiative started out as an effort by a small community to move forward with Satoshi’s core vision for Bitcoin, which has now been assumed by Bitcoin Cash. But what started out as a simple endeavour to raise a few hundred dollars to produce a Bitcoin Cash explainer video transcended into something far bigger. They raised over $10,000 within the first 24 hours, and ultimately ended up with over $90,000 in support as of writing—an exponential leap from their initial target.
To get the details on what interested individuals and teams should consider when submitting proposals, we had a short chat with Bitcoin Cash Fund founder Paul Wasensteiner.
Cecille: What types of projects have a high chance at getting funding?
Paul: Projects that have the most impact on awareness and adoption of Bitcoin Cash for the lowest cost will have the highest chance of being funded. Firstly, we look at how well a proposal is put together, to make sure it has been fully completed. The funding request proposal template can be found HERE.
Secondly, we look at the cost vs impact ratio to make sure the funding is being spent wisely. If everything looks sound then we will fund the project. We have videos being made, stickers being manufactured and handed out, community events being organised, information leaflets being produced, businesses being brought onboard. There is so much more that we can do though.
Cecille: What does the Bitcoin Cash community need the most at this stage?
Paul: Better communication channels between the community, businesses, miners, and developers are going to be key. We need to make sure everyone is on the same page. The situation with Bitcoin Core has shown that a complete breakdown in communication has occurred. We should aim to build a more transparent and open community across the entire Bitcoin Cash economy to make sure this never happens again.
The community needs new and improved tools to close the loop of the Bitcoin Cash economy. One thing that has amazed me since we started the BCF initiative is the huge number of talented individuals who are huge supporters of Bitcoin Cash, and want to earn in BCH. We need tools to be able to connect the people willing to pay for services in Bitcoin Cash to those willing to work for it. Making Bitcoin Cash into a closed-loop economy will help it grow. This is something the BCF is working on.
We need people willing to step up as leaders and take action. The last two years have been something like the dark ages for the Bitcoin world. Now that a divorce has finally happened, we need to take this opportunity to drive the system forward. We need people in the community to take charge and lead the way. It could be as simple as having a chat with your local shop about Bitcoin Cash, or as grand as planning to paste the whole planet in Bitcoin Cash flyers.
Cecille: Do you have any tips for people who may be interested in getting involved in community projects?
Paul: The Bitcoin Cash community is extremely friendly, open and generous. Don’t be afraid of saying something silly or making mistakes. More than anything else, we need people to get involved. Come talk to us at our home on Gitter. We welcome any and all participation, as long as you are friendly. We have rooms for all the different languages, so don’t be afraid if you don’t speak English well. Try and think out of the box and play around with ideas with others in the community. Find people who you share a common interest/goal with and build a team to submit a proposal.
Cecille: Anything specific that you want people to know about the fund?
Paul: The BCF is there for the Bitcoin Cash Community. Our sights are laser-focused on expanding adoption and raising awareness of Bitcoin Cash. Bitcoin Cash can connect every single person in the world to the global economy at near zero cost to the user. We can’t do this on our own though. We need support from the Bitcoin Cash community to achieve this. We have raised over $90,000 in BCH so far and we need solid proposals to fund using this money. We have raised over $90,000 in BCH so far and we need solid proposals to fund using this money. People should come and talk to us at our home on Gitter. Anyone is welcome to come and talk to us at any time. https://gitter.im/Bitcoin-Cash-Fund/Lobby
Visit their website thebitcoincash.fund if you are interested in taking part in building the ecosystem—whether by launching a project for your locale or by contributing to the fund.