Fedimint hackathon

Win bitcoin for creating Fedimint modules that solve real world problems

On January the 3rd 2009 the world changed.  


With the now famous message “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”, bitcoin – the world's first global, honest, sound money – was born, and Satoshi Nakamoto gave the world a unique gift. 


To celebrate Bitcoin's 14th birthday, Fedi and Epoch (an upcoming capital provider focused on supporting layer 2 and 3 Bitcoin protocols) are hosting a competition to mark this occasion.


At Fedi we believe that Fedimint will become the ideal open platform for the delivery of consensus based applications on the internet. 


As an open source custody platform, Fedimint is a unique place where you can not only store your bitcoin, but also, extend the functionality of your bitcoin to add privacy, smart contracts or anything else you can imagine within the scope of a community. 


We’re so excited to see what the broader Fedimint community can achieve and what ideas there are to extend Fedimint to solve real world problems in bitcoin. 


So with that in mind, we are offering a 2.1 BTC bounty – to be claimed by the 31st of January – to an individual or team who can code up a Fedimint module that will have a significant real world benefit.


To guide this effort some examples we believe would have a real world benefit include: 

  • The ability to operate a communal savings pool to accumulate bitcoin for a large project.

  • The ability to store value in a local currency or dollars. 

  • The ability to receive payments privately via static QR codes or links (e.g. bolt12 offers).

  • The ability to operate a communal vote based spending pool (e.g. like a Sacco). 

How it works

First form a team. Join the Fedimint discord for technical support and questions on modularisation, and come up with an idea. 

Code up, design, or document your idea to the best of your ability and let us know where you’re at by the closing date on 31st January 2023


The Fedi team will assess the applications and make awards for the following bounties: 

  1. First place - 210 million satoshis and a commitment to support this module in the Fedi product.  

  2. Runner up - Two awards of 21 million satoshis.

  3. Honorable mention - Three awards of 2.1 million satoshis.

Requirements for submission

To submit a project, please complete this form. We’ll need to know:  

  • Name or Nym (anonymous submissions welcome).

  • Email (we’ll need a way of contact you).

  • Link to public github repo.

  • A short description of your project.


From your github repo, feel free to be as detailed as you need to describe your project. We encourage links to other resources, figma design files or videos. 

Assessment

We’re moving fast with this hackathon and we know it may be early to see fully implemented modules for Fedimint. But, we’re interested in seeing where the open source community is at right now, what ideas exist and how quickly they could be implemented for Fedimint.


As such, we expect we will have to assess the submissions on a relative basis. With this in mind we will provide preference based on the following criteria:

  • Preference for solutions that provide a clear solution to an existing problem in the real world globally. 

  • Preference for submissions that include implementable code.

  • Preference for completeness of a solution (documentation, design, example install, working code and implementation in line with existing Fedimint code base).


We will aim to announce winners no later than February 5th.

About Fedi

Fedi Inc is a technology company building the Fedi community custody platform that will enable billions of people to chat, earn, save, receive and send money with privacy. Powered by the Fedimint protocol, Fedi was founded in 2022 by Obi Nwosu, Eric Sirion, and Justin Moon. The company’s mission is to use bitcoin to empower the world, one community at a time.

About Epoch

Epoch is an upcoming capital provider for bitcoin projects with one of its goals being to support layer 2 and 3 protocols that enable the global adoption of bitcoin. With Eric Yakes as a co-founder, the company will be announced in 2023. For inquiries, visit epochvc.io.

This Fedimint Module Hackathon is in no way sponsored, endorsed, administered by or associated with any companies other than Fedi, Inc. and Epoch LLC.

A few key rules to note:
- NO PURCHASE NECESSARY.
- A PURCHASE DOES NOT INCREASE YOUR CHANCES OF WINNING.
- You must be over 18 years old to enter.
- The Hackathon is absolutely void where prohibited or restricted by law.
- Submissions must be new creations of the entrant (not previously published or made public), and they must not contain any illegal, offensive or otherwise inappropriate content.

General Release: By entering, you agree to release and hold harmless Fedi, Inc. and Epoch LLC, and all of their subsidiaries, affiliates, advertising and promotion agencies, partners, representatives, agents, successors, assigns, employees, officers, and directors from any loss, liability, claim, damage, litigation, illness, injury, or death that may occur (collectively, a “Loss”). You agree that this release and hold harmless provision applies to every Loss whether caused directly or indirectly, and whether caused by negligence or not, from (i) such entrant’s participation in the Hackathon and/or his/her acceptance, possession, use, or misuse of any prize or any portion thereof; (ii) technical failures of any kind, including (but not limited to) the malfunctioning of any computer, cable, network, hardware, or software; (iii) the unavailability or inaccessibility of any transmission or telephone or Internet service; (iv) any unauthorized human intervention in any part of the Hackathon; and/or (v) any electronic or human error which may occur in the administration of the Hackathon.