Neovim have a ~$800k Bitcoin donation sitting untouched since 2023

106•jakemanger•1h ago

I was looking at neovim's donation footer at the bottom of their site and saw a bitcoin donation address.

Thought I'd check how much in donations they've gotten. And I saw this massive 10 Bitcoin donation from back in 2023 (worth $800,000 now...)

From the activity history, neovim last sent bitcoin out of the address in 2019 so it's been max 7 years since they've definitely had access.

Does anyone from the neovim project know about this? Seems like a pretty significant amount of funding to have sitting there. Hope it can come to good use as I use neovim daily.

https://www.blockchain.com/explorer/addresses/btc/1Evu6wPrzjsjrNPdCYbHy3HT6ry2EzXFyQ

Comments

JimBlackwood•1h ago

I imagine they might wait, to make it’s legally obtained Bitcoin.

a3w•27m ago

In which country would waiting help?

cyberpunk•21m ago

In Germany at least if you've held the coin(s) for 7 years before selling you don't need to pay tax on the profit.

Not sure how this applies to donations though, and of course this will almost certainly be changed in the future, .nl is leading the way in taxing _unrealised_ gains; we are sure to follow!

T0Bi•16m ago

It's one year, unless something changed recently.

la_fayette•6m ago

1 year

yieldcrv•6m ago

Something that takes 5 seconds with bitcoin, faster than any other property type, is something you rationalize as taking 7 years

Why does HN tolerate this level of understanding when it comes to crypto

pluc•56m ago

hodl

esskay•46m ago

I know you're joking but keeping bitcoin now really does feel like a poor investment given it's showing no signs of ever being revived.

accountrequired•39m ago

Bitcoin died *again*? hehe :P

esskay•31m ago

oh i dont think its 'dead' in the way people often describe. More...done. Like, the period of obscene growth is over and its now seemingly settled into a fairly dull investment with mediocre returns.

sph•16m ago

Well, that’s what people have said all the way to $70k+ price.

w4yai•32m ago

https://bitcoindeaths.com/

zeofig•27m ago

Buy signal

seymon•53m ago

I hope they still have the private key.

jakemanger•32m ago

Really hope so too. Would be devastating

wyclif•53m ago

The project no longer uses that Bitcoin wallet for bounties.

ricardobeat•43m ago

What does that mean for that donation, and why is the wallet still listed on the website?

ramijames•12m ago

I think that a large part of the priced in "value" of Bitcoin is just lots and lots of Bitcoin that nobody can access anymore.

colesantiago•45m ago

Bitcoin really isn't money.

They should send it to a dead wallet instead.

AIiscoming•41m ago

True and its also not compareable to gold.

But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)

deniska•36m ago

To never have experienced a usefulness of cryptocurrency is a privileged position to be in.

colesantiago•31m ago

A dead wallet has better use for Bitcoin though.

We don't know where the Bitcoin has come from, so it needs to go extensive through anti money laundering checks.

Save the hassle of all of that taxes, accountancy and just send everything to a dead wallet.

done_lurking•8m ago

In what country does a bitcoin donation need to go through an "anti money laundering check"? Also, you could pay a lawyer 100k to handle the taxes and accounting and you would still have 700k left over.

gitowiec•39m ago

Exactly this! It was rendered money by some minds.

loopydosuette•38m ago

is this (w)hole lie still hodling up? crazy! is my botnet still not out of puberty?

Razengan•15m ago

This could become the premise of a near-cyberpunk heist movie..

zicohacks•10m ago

I checked their official donation channel is OpenCollective. I think the Bitcoin address is no longer being used and they just forgot to update the footer

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Comments

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Neovim have a ~$800k Bitcoin donation sitting untouched since 2023

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Small programming tricks

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Cloudflare/Security-Audit-Skill

Show HN: An e-ink frame that hears birds and draws them as 1800s illustrations

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