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On this episode of “Bitcoin Magazine Podcast,” host Christian Keroulis sat down with Ben Price of Bitcoin The Bitcoin Open Sats development project.
Price is a Bitcoin user who left Visa to work on funding the development of open source software. He created Open Sats, a non-profit organization that passes 100% to allow bitcoin subscribers to donate to open source development in a tax-advantaged manner. The Open Sats platform has a page that allows users to donate regularly to independent developers or projects listed on Open Sats, or they can donate to a public fund set aside by the Board of Directors. The board of directors consists of Price, Matt Odell, Udi, Janine, James O’Beirne, and many other popular Bitcoins.
Keroles and Price discussed the process of creating the nonprofit and the challenges they faced. Price underscores that 100% pass-through is a key differentiating factor and he thanked the many partners who have made it possible for the project to run without expenses, including the entire board of directors. Price discussed his 100% BTC-denominated policy and how Open Sats will hold all funds in Bitcoin and distribute all Bitcoin donations exclusively.
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