Bitcoin crowdfunding is Lightning: El Salvador school program hits 1 BTC in donations

cointelegraph.com:

There’s a beacon of light in the bear market tunnel. The El Salvador nonprofit program, “My First Bitcoin” (Mi Primer Bitcoin), raised over 1 Bitcoin (BTC) in donations-not from venture capitalists and investors–but from generous Bitcoin education advocates worldwide.

Donations flooded in from Venezuelans, Poles and Canadians as 100s of people around the world sent Satoshis (small parts of Bitcoin) over the Lightning Work, to fund the expansion of My First Bitcoin’s Bitcoin Diploma program.

We did it! We crowdfunded 1 BTC on @geyserfund in AprilA matching donation from @Bitcoinbeach put us over the top last night--what a way to end the month :)Huge THANK YOU to the 250+ donors who got us hereThis is a movement that we are all part of & edu is how we will win

Cointelegraph wrote to John Dennehy, founder of the My First Bitcoin program to understand how the crowdfunding campaign reached 1 BTC in less than three weeks. Dennehy told Cointelegraph, "Bitcoin’s greatest potential is empowering the individual and making it easy to donate value is a big part of that.”

As opposed to Paypal or GoFundMe, Bitcoin's censorship-resistant and self-sovereign properties make it one of the most efficient ways of sending money online. Plus, it’s far cheaper. Money is sent over the layer-2 Lightning Network, which costs a fraction of legacy payment services. Dennehy explains:

The crowdfunding campaign was boosted by efforts made by Bitcoin Beach, the Bitcoin circular community in El Zonte, on El Salvador’s Pacific Coast. Bitcoin Beach was the spark that led to Bitcoin being declared legal tender in El Salvador in 2021. On April 27, Bitcoin Beach declared it would match all donations to the project until midnight on April 27:

For those of you