The Human Rights Foundation has announced that it has raised $ 130,325 for its Bitcoin Development Fund.
It is a fund created to support developers working to make the Bitcoin network more private, decentralized, and resilient.
"So that it can better serve as a financial tool for human rights activists, civil society organizations and journalists around the world."
The Human Rights Foundation (HRF) is a non-profit organization that aims to promote and protect human rights globally.
Founded in 2005 by the Venezuelan film producer Thor Halvorssen Mendoza, it is based in New York City, its current president is Russian chess master Garry Kasparov, and every year it organizes the Oslo Freedom Forum.
The home page of their website says:
"We partner with world-changing activists to create innovative solutions to unite the world against tyranny."
Therefore, it is logical that they support the Bitcoin project and, in particular, the financial freedom that it guarantees to its users.
How will the Bitcoin Development Fund be spent?
The $ 130,325 was donated for just 38 people, who contributed more than $ 3,400 each on average.
So while this campaign was not a massive success, it was definitely successful in terms of the volume of funds raised.
The funds raised will be distributed to Openoms, which runs on a graphical user interface for JoinMarket, Evan Kaloudis, the creator of the Zeus app for iOS and Android, and Fontaine, the creator of Fully Noded.
Additionally, a second round of funding has been announced for the Bitcoin Development Fund.
The HRF explains:
“Unlike the banking and payment services of the traditional financial system, Bitcoin is global and without borders. Users do not need an account, they do not need to provide any identification to use the service, and their transactions cannot be censored or frozen by the authorities. It is not possible for governments, corporations, or individuals with a large amount of Bitcoin to change the rules of the network, prevent someone from accessing the system, or print more Bitcoin. Users can store or memorize their funds password as a string of words, making confiscation very difficult. Given all these attributes, Bitcoin can be a lifesaver for human rights defenders, especially if it can improve its privacy and usability. "
The goal is to help make Bitcoin a better tool for freedom, which is why the funds raised are used to support individuals or teams working on specific projects that help improve the Bitcoin network.
95% of the funds raised are donated directly to developers, while HRF retains 5% to support the protection of human rights.