This post serves to update our community on the progress of our project, Bitcoin Nakawa. Our first goal is to purchase a Mongongo Nut Processing Machine, and we're already 8% there!
Where has our funding come from?
After one week, we have six separate contributors. Who are they and where did they come from?
As suspected, most contributions came from a source outside this publication. If not from Wandering w/ Purpose, then where?
In short, Stacker News.
Stacker News is by far my favourite medium when it comes to writing in the Bitcoin world. Think of an online forum like Reddit, except where voting for popular posts are made with direct, instantly-settled Bitcoin micro-payments.
I often enjoy browsing the front-page of Stacker News. The topics are great for anyone either learning more about Bitcoin, or just staying on top of current events. I recommend connecting your own lightning network-enabled Bitcoin wallet for the informative experience of interacting with Bitcoin micro-payments on the web.
Remember, the supply of Bitcoin is fixed at 21 million coins and one Bitcoin is divisible into 100 million units , each of which is typically referred to as a "satoshi" or a "sat". Since even just one sat can be transacted for a fraction of a cent (or free) on the lightning network, then micro-payments, known as "zaps" on Stacker News, are feasible and encouraged.
Who contributed?
So far, the vast majority of our funding came from a single generous contributor who did so from an anonymous account. Their donation was for 100,000 sats (about USD $60, as of writing). Whoever you are, thank you!
The rest of our contributions came in amounts as low as 2,100 sats (about USD $1). These smaller amounts are more than welcome even if only as a gesture of enthusiasm and support for Bitcoin Nakawa. Had this been a fiat platform, small expressions like this may not be practical.
Here's a comment from a contributor on Stacker News
Bitcoin Nakawa wants to hear from you
In return for contributions, Bitcoin Nakawa would like to give something in return. We've prepared the following poll to learn what you might find appealing.
Open to ideas
Do you have an idea for something you don't see in the poll? Please share!
Even if not relevant to the poll, please share any ideas or recommendations you may have for Bitcoin Nakawa. Likewise for Wandering w/ Purpose, too.
Additional Nakawa update:
Nakawa recently completed an assessment of the borehole that supplies water to the school. Looks like it'll need an update. For those interested, you can access the assessment here.
Thanks all,
G
P.s. Don’t forget to check out Stacker News. You can click here to see my activity on Stacker News.
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