We wanted to help inspire people to use Bitcoin to advance human rights - to help more people achieve economic liberation around the world - and we thought that creating a prize that could be persistent throughout the early lifecycle of Bitcoin would be one way to do it," Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, told Bitcoin Magazine.
The halving is a very important day. It's something that anyone can celebrate, regardless of what country or situation they're in or who they are, and it's a great time to announce a Bitcoin-related prize," he added.
The HRF will work with the Finney family to appoint a seven-person "Genesis Committee" that will select Laureates for the 2012-2016, 2016-2020, and 2020-2024 eras. Starting with the 2024-2028 era, a new committee will be composed to select the winner of the award.
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