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dangershony profile picture
dangershony
@dangershony

Working on Angor a decentralized bitcoin crowdfunding platform
C# developer, part of the blockcore developer community

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Relays (6)
  • wss://relay.damus.io/ – read & write
  • wss://relay.primal.net/ – read & write
  • wss://nos.lol/ – read & write
  • wss://nostr.bitcoiner.social/ – read & write
  • wss://nostr-pub.wellorder.net/ – read & write
  • wss://relay.angor.io/ – read & write

Recent Notes

shadowbip · 13h
u shipping it on lightning or just standard on-chain? mainnet is teh only real test but dont forget that liquidity management is a full time job. u using cln or lnd
Globe99 · 22h
Hmm interesting! So the Bitcoin Blockchain allows for all of that, including penalties for "early" pull out? There's also the "token" angle, which is how this sort of crowdfunding would work on (say)...
 dangershony profile picture
dangershony @dangershony
It is different then a DAO in that you don't pull funds together, each investor has a contract with the founder and controls their own funds.

It is in theory still possible to use tokens or shares using hashlocks (when bitcoin is released it reveals a hash that unlocks tokens) but this is outside of Angors scope, we focus on the Bitcoin part and the locking mechanism.
New Music Nudge Unit · 1d
We're you following fountain? As I found it on primal and amethyst.
Globe99 · 1d
Yeah makes sense. I mean I don't really consider this a "problem" per se, it's just something that might potentially limit adoption in certain contexts... What do you see this competing with, or repl...
 dangershony profile picture
dangershony @dangershony
It is an interesting question, I don't know of a service that allows investors control over their invested funds (it might even be illegal in some jurisdictions) but the most obvious answer is services like crowedcube or kickstarter.

Though we also had a plan to enhance Bitcoin VCs, and allow the bitcoin community to "follow" VCs, if you look at the Angor spec we have what's called a "Lead Investor" mechanism (an investor that puts big money) which allows others to follow them, if lead investor pulls out to penalty anyone invested under them will be able to take their funds without a penalty.
This means that big investors lead the way but anyone else can benefit from their investments without needing to trust your bitcoin with anyone.
Globe99 · 22h
Hmm interesting! So the Bitcoin Blockchain allows for all of that, including penalties for "early" pull out? There's also the "token" angle, which is how this sort of crowdfunding would work on (say) Ethereum... Taking the scientific example specifically, it's what various DeSci DAO's use to issue ...
Globe99 · 2d
Do you forsee an issue in terms of the marketing / use case where investors have to "lock up" Bitcoin long-term? In other words, with the anticipation of some "Fiat" price increases of Bitcoin, will ...
 dangershony profile picture
dangershony @dangershony
The honest answer here is there is not much we can do about it, Angor is a Bitcoin based crowdfunding protocol projects using it should be estimating in Bitcoin.
However there are ways around it
1. Arbitrage, a founder can agree with a 3rd party to sell a portion of the future released BTC milestone at a certain price
2. We have plans to add support for the liquid network and there one can use USDT on the same Bitcoin script language that the Angor protocol uses.
Globe99 · 1d
Yeah makes sense. I mean I don't really consider this a "problem" per se, it's just something that might potentially limit adoption in certain contexts... What do you see this competing with, or replacing?
CR45H 0V3RR1D3 · 5d
You can purchase premium from within the app or if you know someone who uses nostria, they can gift it to you.