Trustless, Non-custodial Assurance Contract Platform Flipstarter Launches Five Node Campaigns

TL;DR: “Flipstarter node campaigns will be live on Friday, 17 Apr 2020, at 12:00:00 am UTC,” the project announced. Five nodes are participating, all geared toward the Bitcoin Cash network, looking to raise more than $700,000 in the wake of a worldwide economic downturn. 

Flipstarter Launches Five Node Campaigns

Bitcoin ABC, BCHDBitcoin Cash NodeBitcoin Verde, and Knuth are five nodes all launching Flipstarter fundraising campaigns on Friday, April 17th, 2020. They’re a continuation of a novel crowdfunding concept framed as trustless, non-custodial assurance contracts designed to bring greater decentralization and transparency to community funding.

The topic gained heavy traction this year after introduction of the Infrastructure Funding Plan for Bitcoin Cash (IFP) debuted in late January. The IFP promised stability of protocol funding through a series of elaborate mechanisms. The community rejected it ultimately, but the issue the IFP spoke to, that of sustained funding of infrastructure, remained.

Flipstarter
Knuth is among the lesser well-known nodes participating.

Flipstarter was in part an answer to the IFP promoted by developers such as imaginary_username, emergent reasons, Dagur, Jonathan Silverblood, Leandro DiMarco,  and Sploit, among other volunteers. Flipstarter began its proof of concept run with a successful campaign for EatBCH, a valued Bitcoin Cash community charity working in Venezuela and South Sudan.

Now Flipstarter looks to help raise 3,039 BCH between all five nodes, slightly over $700,000 at current pricing. Reference Bitcoin Cash implementation Bitcoin ABC, for example, is hosting a 1,000 BCH Flipstarter goal as part of their recently announced, broader $3.3 million fundraiser and business plan. Bitcoin Cash Node is looking to raise slightly more than a quarter-million dollars in an overall campaign as well, and they’ve issued a detailed line-item budget laid out in nearly a dozen areas. The other three nodes are no-less ambitious but on smaller scales. The community will be watching closely.

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