Butterfly Labs donates 1000 BTC to charity and bitcoin related projects
Today, Butterfly Labs is giving a sneak peak at a new project that aims to promote charities and other projects that benefit the greater bitcoin community. The new site is called Bitcoin Development Fund
and is intended to be a gathering place for those who wish to donate to various projects or charities through the use of bitcoin, but may not know where to go to do so or how to properly vet credible charities and projects.
Because we missed our power targets we set forth when we began our ASIC development, we are starting off the fund with a donation of 1000 BTC, which is valued currently over $120,000 USD. The BDF
project will allocate funds to worthy charities and project as time goes on. Currently the BDF
site is in phase one of the roll out, but more user interaction and participation in the selection of projects and charities to donate to is planned for phase two and three.
If you have a charity or open source project that you believe benefits the greater bitcoin community, please feel free to submit it to [email protected]
. It will be reviewed and vetted by the BitcoindDF for inclusion into the site.
If you wish to donate to the fund, you can send BTC to: 1ERVh27gZfPSDaaagL9R3W12xpMJ38ZBA7