Bringing decentralized fun around the world
Origins and Purpose
CoinFest started in 2013 as a relatively small gathering of 100 or so Bitcoiners, celebrating the adoption of Bitcoin at a Waves Coffee House in Vancouver. It was conceived as a way to incentivize cryptocurrency adoption while educating the public about its importance and use. Its popular success helped prompt the Bitcoiniacs (now CoinTrader) to place the world’s first Bitocin ATM there, which we again celebrated. By 2014, CoinFest was growing in popularity, and that year it took a new direction: CoinFest spread across Canada and now internationally, exemplifying the border–defying and decentralized nature of crypto. Vancouver lead the way again by booking multiple venues simultaneously for a less centrally organized variety of exhibits. There we held the first CoinFest Conference, which now moves to a new city city each year.
How it Works
CoinFest is the event equivalent to open source technology: the concept and name lie in the open domain, and anyone is welcome to start a CoinFest of their own so long as they adhere to the spirit of CoinFest. Although we legally cannot force your cooperation, we ask on behalf of the crypto community that you adhere to the following guidelines:
- Although anyone is welcome to join the movement, CoinFest requires a lot of coordination, so it’s imperative that organizers work together in good faith. All CoinFest events around the world are held on the same weekend, although you are not required to hold events both days. Especially for events occurring in close proximity, we will attempt to organize them by theme, to avoid confusion for the exhibitors and guests. This is a friendly competition, and we encourage the sharing of publicity and sponsors.
- CoinFest is strictly non-profit. To encourage the mainstream public to attend this fun and educational event, attendance is always free. CoinFest is funded by donations and sponsors, and all funds must be used to improve and promote events. If CoinFest.org and/or the current lead organizer receive excess funding, it will be given to other, regional CoinFest organizers, starting with those most in need. CoinFest was intended to transcend the traditional monetary system, so CoinFest.org and/or the lead organizer cannot hold a fiat bank account, and the founder encourages all organizers to avoid cash whenever possible.
- To help prove the viability of a fiat-free organization and reward Bitcoin acceptance acceptance with customers and publicity, CoinFest events can only be held at venues that support alternative currency. Exhibitors and guests are discouraged from using currency backed by the host country, except for the purpose of purchasing alternative currency.
To Freedom and Beyond
No matter how big it gets, the founder hopes to always maintain the fun and inclusive nature of CoinFest. As its spirit and vision become cemented, the founder hopes to further decentralize CoinFest, gradually reducing his role until his guidance becomes obsolete. He will eventually step down as lead organizer; several candidates will be selected, one of whom will be chosen by popular vote.
CoinFest will inevitably turn into a decentralized autonomous organization, to which the founder will grant ownership of CoinFest.com, .org, .net, etc.; various organizers holding additional CoinFest domain names or other assets are expected to do the same. The authority of the lead organizer will be gradually eroded as the functionality of the CoinFest DAO improves, until CoinFest is left truly uncontrolled or owned by anyone. Representatives and important decisions will be decided by vote on the blockchain, and representatives’ admin powers can be revoked at any time.