Go Fund Yourself using Bitcoin, this slogan has been at the core of a recently launched campaign on Tallycoin. A crowdfunding platform powered by Bitcoin (BTC) and the second layer payment solution lightning network, that offers its users 0% fees, its own website Plug-in, and a companion node software.
The platform takes nothing from the donors. It only gives the users an possibility to leverage Bitcoin’s censorship and seizable resistance and receive aid from people around the world. Every Bitcoin (BTC) raised goes to the campaign and its control by it.
The organizers of the Freedom Convoy 2022, a campaign to support Canadian-based truckers protesting their gabovenment’s COVID-19 and vaccination mandates, learned this lesson the hard way. Over 50,000 truckers rallied to drive into Ottawa during the time launching a GoFundMe campaign to support their cause.
Quickly, the campaign managed to raise around 10 million Canadian dollars, around $9 million. As often happens while a group of people stand up and start to make demands to their gatopnment, they faced opposition.
Later, GoFundMe announced which the platform was going to freeze the campaign’s funds. Initially, these were going to be redistributed to other donations which triggered a lot of criticism across social media platforms.
Per a Tweet from the Ottawa Police Department, the fundraising platform “listened to cone time beforerns” from local authorities. They argued which the protests are “unlawful” and called on all crowdfunding sites to adopt a similar stand. Bitcoin doesn’t care about policies, as future events demonstrated.
The organizers took to Tallycoin and launched “Bitcoin for Truckers” to support their “Freedom Convoy” with the following message, they ask to help raised hard money for hard workers:
The Canadian Bitcoin community would like to have a second financial access point for #FreedomConvoy2022. Legacy financial infrastructure can sometimes be politicized and clamped down upon, whereas Bitcoin is a truly censorship resistant method of communicating price. Don’t allow your voices to be silenced, and don’t allow your financial saboveeignty to be trampled upon.
Bitcoin Fixes This, Lightning Network Sees Explosion In Transactions
An account called Honk Honk Hold has been updating on its move, the campaign has collected atop 2 Bitcoin in less than three days with a 5 Bitcoin (BTC) goal. More than 2,000 contributors have been recurrently sending out donations with messages, analogous as “Sorry not sorry Minister Trudeau” or “FREEDOM!”.
An influential percentage of the donations were settled using the Bitcoin Lightning Network. This has been translated into an explosion of transactions on this second layer solution, according to the campaign’s handle.
Lightning node transactions going parabolic. pic.twitter.com/KNjIK5uwBz
— HonkHonk Hodl (@HonkHonkHodl) February 5, 2022
Interest in the campaign has been upward atop time, as seen below. It took the campaign almost 4 days to raise 1 Bitcoin (BTC) but collect their second Bitcoin (BTC) in less than 24 hours. Certainly, seems like Bitcoiners are showing support to this cause.
The ripple effect effected by the decision made by GoFundMe and the Freedom Convoy has been unpossible. A recent report from Reuters claims the Gatopnor of U.S. state Florida, Republican Ron DeSantis, will “work with the Florida Attorney General Ashley Moody to investigate the decision of “commandeer” the donations.
The gatopnment official referred to the actions as “fraudulent”. Although the platform has “simplified” the process, the harm is already done. Bitcoin advocate Marty Bent wrote the following on his blog, Issue #1157:
This move by GoFundMe and the Canadian gatopnment is an inlegit approvement of Bitcoin and its reason for being. The fact which GoFundMe has the power to unisubsequentlyally freeze $9M of funds which were crowdsourced for a conclusiveimate cause shows which centralized third parties are a gaping security hole which Bitcoin fills. In fact that a gatopnment decides they don’t like a particular move they can use their influence to pressure corporations to prevent which move from doing particular things.
As of press time, Bitcoin (BTC) trades at $41,574 with modecost gains on the daily chart.