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Human Rights Foundation To Distribute 425M Satoshis For Bitcoin Development Fund

Reports said that the Human Rights Foundation said that it will distribute 425 million Satoshis, the smallest divisible unit of a Bitcoin, to various contributors as a part of its ongoing Bitcoin Development Fund.

It has been reported that the Bitcoin Development Fund is primarily focused on improving the Bitcoin network’s privacy, usability, and security. The Foundation said that it will focus this particular round of grants on expanding Bitcoin education and translation as well as Bitcoin core, lightning, and wallet development.

However, according to the organization’s press release, it will divide these grants between a number of recipients, including developers Jarol Rodriguez, Farida Nabourema, Roya Mahboob, Anita Posch, and Meron Estefanos. Several projects will also receive a grant from the Foundation, including the Sparrow Bitcoin Wallet, Boltz Exchange, the Summer of Bitcoin internship program, Blockchain translation team Exonumia, and the Blockchain Commons development group.

The Foundation also noted that it had given special thanks to CMS holdings, the Gemini Opportunity Fund, and Jameson Lopp for their contributions. Back in Jan 2021, the Human Rights Foundation made headlines when it urged Time magazine readers not to demonize Bitcoin and other cryptocurrencies.

Alex Gladstein, the Chief Strategy Officer of Human Rights Foundation, said:

“Bitcoin is neutral like cash, and can’t discriminate between good and bad [...] Some extremists use these tools. They also use mobile phones, email, and the internet.”

Thus, the exec went on to warn that turning away from burgeoning financial tools like Bitcoin could lead to a bigger police state in the US fueled by “mass surveillance to fight extremism.”

Source: Cointelegraph



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