The Pleb’s Bitcoin Development Fund with Ben Price - Bitcoin Magazine Podcast

On this episode of the Bitcoin Magazine Podcast, host Christian Keroles sits down with Ben Price of Open Sats. Ben is a Bitcoin pleb who left Visa to work on funding open source software development. He created Open Sats, a 100% pass through non profit for allowing Bitcoiners to donate to opensource development in a taxed advantaged way. The Open Sats platform has a page that allows users to regularly donate to independent devs or projects listed on Open Sats, or they can donate to a general fund which is allocated by the board of directors. The board consists of Ben Price, Matt Odell, Udi, Janine, James O'Beirne and several other well known Bitcoiners.

Christian and Ben Discuss the process of creating the nonprofit and the challenges they encountered. Price emphasises why 100% pass-through is a major differentiator and thanks several partners that enable the project to operate with no expenses including the entire board of directors. Price discusses their 100% BTC denominated policy and how Open Sats will hold all funds in Bitcoin and distribute all donations in bitcoin exclusively.

The project is optimized to help Bitcoiners dollar cost donate to the best projects in the bitcoin space.

Please enjoy this wide ranging conversation with Ben Price.

Follow Ben Price on Twitter: https://twitter.com/abitcoinperson?lang=en

Timestamps:

0:00 - 4:01 Intro
4:01 - 6:15 Will Ben be going to Miami for the conference?
6:15 - 9:45 How did Ben get into bitcoin?
9:45 - 14:35 The Visa Crypto team
14:35 - 17:30 What did Ben do after leaving Visa?
17:30 - 22:14 The Open Sats team
22:14 - 28:26 What makes Open Sats different?
28:26 - 30:17 The importance of transparency with non-profits
30:17 - 33:30 How to get involved with Open Sats
33:30 - 35:30 Open Sats is 100% pass-through
35:30 - 36:27 Ben's new startup
36:27 - 39:02 Will Open Sats become a more passive project?
39:02 - 41:37 Bitcoin businesses have a competitive advantage
41:37 - 43:05 How does Open Sats hold private keys?
43:05 - 46:03 What's the big vision for Open Sats?
46:03 - 47:06 Giving back to the open source contributors
47:06 - 48:53 How does the Open Sats board change?
48:53 - 50:10 The process of promoting Open Sats
50:10 - 50:50 Where can people learn more about Open Sats?
50:50 - 53:07 Ben teases what his new startup is working on
53:07 - 56:05 Closing comments

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