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by Anonobread 3773 days ago
> There are better ways to handle governance in OSS and cryptocurrency then founding a private enterprise

First, only one core developer with commit access, Pieter Wuille, is affiliated with Blockstream. Yes - the fact that founders of Blockstream are PhDs in distributed systems and cryptography, and the fact that many of them have authored essential elements of the Bitcoin system like libsecp256k1 gives them a purely meritocratic sway over developer mindshare, and for good reason.

Second, according to your words here you've done the impossible - you've finally figured out how to handle all money issues in open source projects. Gosh, that's really something. Don't just leave us hanging like that, do divulge what you think is the optimum way to ensure highly skilled developers and researchers work on open source projects for free.
1 comments
bachback 3773 days ago
> researchers work on open source projects for free.

There is 6B$ in Bitcoin wealth floating around, surely there are means for funding a few salaries. And that's what is going to happen in the future. Funding will take place through on-blockchain methods, some Cryptocurrency projects do this already. Money and opensource is now tightly connected, but Bitcoiners generally haven't figured this out yet. For more innovative ways checkout Ethereum, Bitshares, Nxt, etc.

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Anonobread 3773 days ago
Gosh, you almost had me for a second there.

But no, I'm afraid you'll have to do a bit more than merely allude to (non-)solutions, or point out how paper gains are enough motivation to keep experts who could otherwise be earning 6 figure incomes, to instead work full time on difficult solutions for free.

That you've taken absolutely no effort to spell out any of this magic success formula and instead chosen to allude to altcoins is sadly typical.

Bottom line: nobody has figured out how to sustainably support open source projects with money, period. In the best case, it's the blind leading the blind. You do what works. And whose to say what works? It's ridiculously subjective.

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maaku 3773 days ago
Also, paper gains don't put food on the table. I _tried_ the "live off community contributions and bitcoin appreciation" approach. It put me $30k in debt and almost destroyed my marriage.

Said the GP:

> There is 6B$ in Bitcoin wealth floating around, surely there are means for funding a few salaries.

Isn't that exactly what Blockstream is doing?

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