TL;DR: For all the drama surrounding the Infrastructure Funding Plan for Bitcoin Cash (IFP), one positive is renewed efforts to develop a real, permissionless way to crowdfund. Anon dev emergent_reasons is part of an all-volunteer team to prove it can be done. He’s helped to launch Flipstarter, and it’s a super interesting concept. This episode is available embedded in the article below, and on iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Breaker, PocketCasts, PodBean, YouTube for Newer Episodes, YouTube Older Episodes, and Overcast.
Permissionless Crowdfunding Through Flipstarter
About a month ago, an all-volunteer team of about half a dozen developers was sparked into action over the IFP kerfuffle. Regardless of their individual thoughts on the matter, it was important they prove, in a short period of time, permissionless crowdfunding for large projects was possible.
They created Flipstarter. It’s a trustless, non-custodial assurance contract software tool designed around the early ideas of Mike Hearn and his Lighthouse project. It’s not a platform but a tool to build, spin-up website campaigns, allowing enthusiasts to pledge bitcoin cash (BCH).
BCH was chosen for its reliability, cheap transactions, and speed. But BCH is also a passion of those involved in Flipstarter: anon devs such as imaginary_username, emergent_reasons, sploit, dagur, along with well-known names such as Jonathan Silverblood, among many others. Silverblood, in particular, has been working on an idea like Flipstarter for more than a year.
We caught up with emergent to talk Flipstarter, which he continually points out is Silverblood’s baby, its origins, mechanics, and what the team learned from a recent beta rollout funding campaign to benefit EatBCH — a campaign, by the way, that reached its goal of 20 BCH in mere hours with weeks to spare.
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