HAPPY TO ANSWER QUESTIONS. HIT ME WITH THEM. OPENSATS IS NOT PERFECT BUT WE ARE TRYING OUR BEST. MORE PEOPLE SHOULD SUPPORT DEVS DIRECTLY. STRICTLY BETTER THAN RELYING ON OPENSATS. I HAVE BEEN A DAMUS PURPLE SUBSCRIBER SINCE THE DAY IT LAUNCHED. EVERYONE HAS BIAS. TRANSPARENCY HELPS. OUR BOARD STRUCTURE HELPS (WE ARE NOT PAID, 5 OF 9 VOTES REQUIRED FOR GRANT APPROVAL). TEN31 HAS INVESTED IN PRIMAL. WILL IS INVESTED IN DAMUS. OPENSATS HAS PROVIDED GRANTS TO 20+ OPEN SOURCE NOSTR CLIENTS THAT COULD BE SEEN AS COMPETITORS TO BOTH ALTHOUGH I WOULD ARGUE NOSTR FOSS DEV COMPOUNDS AND BENEFITS EVERYONE.

OK. THANKS FOR POSTING THIS AS IT HELPS ME UNDERSTAND YOUR POSITION AND I FIND IT ACCEPTABLE.

Excellent and commendable as always. Thanks.

Thank you for taking the time to answer questions. In your role as a board member of opensats, what is your goal for the development of Nostr? Who do you believe you are accoutnable to? In your role as a managing partner of Ten31, what is your goal for the developement of Primal? In this role, who are you accountable to? Do you believe that these two roles are free from any overlap, or conflicts of interest? If not, why? Lastly, do you think that being a managing patner of a VC firm may have a dampening effect on criticism from other developers who receive grants from opoensats, who are not aligned with the methods/development/design of Primal? Once again, thank you for taking the time to discuss this with the community.

👏🏽

WHY THE USE OF CAPITAL LETTERS?

No one is fault-less. But some are faulty and donate to open source devs. Thats makes all the difference here.

IT IS IMPORTANT TO SPEAK CLEARLY.

IF YOU ARE NOT WILLING TO SAY SOMETHING IN CAPS THEN WHY SAY IT AT ALL?

Thank you for taking the time top respond. In an attempt to clarify what you have said, and to further my understanding, I am going to summarize your answers. If I have misintrepreted anything you have said, I apologize, and welcome any clarification. In response to my first question, it seems that you believe that it is opensats' role to help further the development of the entire nostr ecosystem. That it should seek out the best projects that are aligned with this goal. You also believe that your VC firm's investment in Primal, can't be successful without a diverse and expansive ecosystem to support it. You didn't really answer my second question, and once again please clarify if I missed it , but I am assuming, based on what I have read from you before, that Primal presents tradeoffs that are acceptable to you as an investor, because nostr needs an access point for the masses, with the least amount of friction in terms of onboarding people to bitcoin and nostr. And in response to last question, I am assuming that you don't believe that this presents poor optics, or any reason for people to think there is a conflict of interest? That your invesment in Primal should not be of any concern to anyone who has received a grant? Based on your answers, and the assumptions I have made, is this the way you see your role, and the roles of opensats and ten31: 1. Opensats (non profit) should be used to build out the ecosystem 2. Ecosystem flourishes 3. Thereby making Primal and my investments more likely to succeed 4. Primal is great for onboarding people to bitcoin and nostr and this is needed and it's filling a hole in the market. Thereby making nostr more likely to succeed. 5. Return on my investment is good, investors are happy. 6. My personal return is good 7. Nostr is successful 8. Everyone is happy

SOLID SUMMARY BUT THIS IS KEY: IDEALLY MORE PEOPLE SUPPORT DEVS DIRECTLY. IDEALLY WE HAVE MORE ORGS PROVIDING FUNDING IN THE SPACE. IDEALLY SOME FOSS PROJECTS DEVELOP SUSTAINABLE ETHICAL BIZ MODELS (SPARROW IS A GOOD EXAMPLE HERE.) -- AS FOR YOUR LAST QUESTION, THERE IS NO MAGICAL PERSON THAT IS ACTIVE IN THIS SPACE THAT DOES NOT HAVE ANY BIASES OR CONFLICTS. CENTRALIZED ORGS WILL ALWAYS BE CENTRALIZED. WE ARE GOING TO GREAT LENGTHS TO TRY TO MITIGATE THE IMPACT OF ANY INDIVIDUAL AND THEIR RESPECTIVE BIASES ON THE ORG. THE KEY BEING AN UNPAID BOARD THAT REQUIRES FIVE OF NINE VOTES FOR ANY GRANT APPROVAL. I THINK WE HANDLE THIS BETTER THAN 99% OF NON PROFITS IN EXISTENCE. WE WILL CONTINUE TO IMPROVE OUR PROCESSES OVER TIME.

I 💯 agree with what you said about everyone having biases, and/or conflicts of interest, hence the reason for my questions, and maybe the questions of others. I appreciate you taking the time, and I believe I have a better picture of the situation, how funding works, what your goals are as an individual investor, and member of the opensats team. I hope others have too. 🤙

One more question I have: has the board ever discussed recusing an individual from the process of grant approvals, if there is a conflict of interest, or if one could be construed?

Matt I love you but I seriously do not buy the 5 of 9 thing. You have people on the board with assertive personalities/expertise in certain areas where they’ll almost certainly hold the majority of the sway if there’s disagreement. It’s not a good look to have people with so many intertwining business interests and if I were you I’d find someone virtuous to replace me and step aside. I know it’s a challenge but it’s best for bitcoin and ultimately for you imo. I.e. fewer NVK and Odell’s (assertive businessmen with numerous intertangling business interests) more Nifty’s (open source dev more in it for purely the tech). You’re a great entrepreneur but that should be your focus and the bias you get from that leaves many like myself skeptical. Please consider this honest feedback sent with love. Onward.

EASIER SAID THAN DONE BUT I DIRECTIONALLY AGREE.

This sounds retarded. “There are people with business interests on boards so you should step down to make me comfortable.” Start your own fund. @ODELL is great. He’s working with a flawed model, using flawed people, surrounded by armchair retards with loud, giant face holes and even bigger armchair opinions, and He is DOING it. Get it you do nothing bitches? Doing it. And @jb55 has the spirit of an early Unix pioneer in him. He could develop circles around most of humanity given the right environment. If I see one more no solution finding armchair fat face, with spam grease in their shirt talking about “you should resign” as they waddle to the cookie cupboard, I swear I’m looking for drone coordinates.

I really didn’t intend to start anything or for there to be this much vitriol. I think ill just take a break from nostr for awhile and not question anything from now on. sorry ✌️

You sound like the most pathetic boot licking keyboard warrior faggot. If you saw me on the street you’d run. If you’re not an anon you will see me in person and I’ll step right on your toes and you will do nothing cuz you’re a bitch ass nerd. Go fuck your fucking self.

Aw. Don’t cry cupcake. Ask mommy for a juice box and a Pat on your angry little bottom. 🤓❤️

You mean, have a rotating board? 🤔

Election by lot from those with skin in the game? (However defined.)

Derek, we're not trolls. Stop trying to shut down the debate with name-calling.

The fact that people are freaking out this much just means that they also see the problems, but have no ready answers. It's not a simple problem to solve. In fact, I don't know of any open-source movement that has even bothered trying to solve it. So, we're funding model pioneers.

Yeah, this is always a problem with a board sitting on a big pot of money: figuring out who should be on the board and for how long.

Agree that using some of the grant money to create a "help devs to help themselves" infrastructure would go a long way. They're doing that with #SovEng and some of the design documentation, etc. That stuff scales really well, without skewing the market as much. It's clear that there are a lot of good devs missing what I'd call "project infrastructure" and "business knowledge" and they don't have the professional experience or the time to learn it and provide it to themselves. That's giving an advantage to my own team, but I can't provide it to everyone. It's frustrating because I see interesting projects sort of wilting away and devs getting discouraged.

That's what the conversations are about. We talk a lot about it in our project. It's a conundrum, but the advent of zaps and zap-splits has made it a problem that can actually be solved. Opens up entirely new models. I think it'll be chaotic, for a while, until some Standard Funding Models emerge, but it's important to even declare that we need and want them. We want everyone in Nostr to at least have the hope that they can one day be an active part of a common market. Only then are we sovereign.

And we want this for EVERYONE EVERYWHERE. That's what SFM can deliver, but grants can't, because processes and code can be distributed worldwide, with low effort, without getting consumed in the process.

Ok retard.

I’m not the one asking for open sats donations. Matt regularly asks for donations so I’m giving my feedback on what would make me feel comfortable doing that. I donate to individual projects that support my values where possible. It is undeniable that there are economies of scale. The best case scenario is to have principled open source devs and advocates who don’t have vested business interests in the projects in question. Bonus points for radical transparency (meeting minutes, reports etc).

I wonder how “social onboarding” could be funded? I’m developing a web client and incentive program to support sharing Nostr with friends. While onboarding projects are typical “low hanging fruit” when it comes to receiving grants, “social onboarding” ALSO has the “value add” of strengthening webs of trust for new accounts. ADDITIONALLY … the “social onboarding” user experience is an excellent opportunity for clients and relays (and their funding partners) to gain new users, and for influencers (and their supporters) to gain new follows. Nostr Advocates act as the conduit, sharing their recommended apps and follows with their “new account” friends. Could a “multi stakeholder owner membership” (equity crowdfunding, where everybody has a stake in the business) funding model be a something that works in this case?

Forgive me for not knowing, but who is your team and what are you all working on?

Follow me and find out.

Everyone needs this. 🫂 To be honest, everyone needs it in real life, too. I just spent three months trying to quit my job and it still isn't finalized. And then I got a new job offer on Sunday. 🤷‍♀️ Real life has the same lack of human resources. The people were never born, who are now needed as workers.

Already am.

Also my dev account? 🤔 @Silberengel

At any rate, we're opening the repos tomorrow and making a little announcement, so you should see that, if you follow me. GN 😊