The BitPal Flipstarter has been funded!

Thanks to the amazing supporters in the Bitcoin Cash community the BitPal Flipstarter has been successfully funded!

It was funded in less than a week and we’ve received a lot of encouragement and positive sentiment, so it seems people liked the project idea. Now it’s up to us to deliver on the trust we’ve received.

The project has grown

As mentioned in the update in the short time since we wrote the Flipstarter the Bitcoin Cash price has gone up quite a bit, so we’ve committed to spend more time than originally specified.

The BCH price was originally $440 and it’s currently $570, which is an increase of 30%. Therefore we’ll also increase the amount of hours we’ll commit with 30%, from 280 to 365 hours.

What happens next?

The initial plan was to slowly get the project rolling with 5–10 hours/week late Mars, and then ramp up to +20 hours/week in May until the project is done. We’ll still try to hold this schedule, but with the extra amount of hours we might not finish before summer so the project will continue after the summer.

I’ll try to keep you updated on our progress via reddit and read.cash, and we’ll develop BitPal in the open via GitHub.