Author Topic: CoinFest Refreshment Grants  (Read 2645 times)


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CoinFest Refreshment Grants
« on: January 12, 2017, 09:20:33 AM »
One of the primary goals of CoinFest is to stimulate cryptocurrency adoption. Therefore, it makes sense that CoinFest Global should use its funds in a way that helps accomplish that.

With this in mind, I propose we set up a grant system wherein CoinFest Global pays food/drinks at local CoinFest events. The criteria shall be as follows:

  • The local event must meet all existing CoinFest criteria
  • The refreshment provider must directly accept Bitcoin

Whether or not an applicant meets the criteria shall be judged by the CoinFest multisig custodians who issue the funds. You have to trust them to some degree if you were too lazy to claim a private key, but they are obliged to fairly consider public opinion. Merit (How much publicity and attendees did you get?) and need (What adverse conditions hinder fundraising for you?) will probably be considered in determining the quantity of funds to be dispensed.


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Re: CoinFest Refreshment Grants
« Reply #1 on: January 13, 2017, 11:07:02 AM »
I really like this idea. It will also show/promote the fact that CoinFest is a global event happening around the same time.

This will really help some organisers focus on other areas of the event and we can build a list of vendors around the world who accept Bitcoin in local areas!