[ye]

I do like the idea, but the current level of funding is ridiculous.

So I have three choices

1) Work on this opensource project and potentially make 0.077 bitcoins

2) Work on my projects / startup

3) Work for somebody else with guaranteed salary of $100-150/hr.

I don't see how #1 is competitive at all, unless you're an idealist.

[randywaterhouse]

I believe, personally, and know others who commit to open-source projects on a personal basis (and then those who I only read of on the internet), that many developers who work on these projects don't need monetary compensation in the normal sense.

Working on an OSS project is fulfilling in ways other than money, and some people really enjoy doing it in their spare time, etc. I know some of my friends from college who went off to do work at Facebook, Google, IBM, and they actually all enjoy submitting their code to open source projects for 0 dollars.

So while you're right there is some sort of "idealism" required, it's a common ideal in the culture of programming it seems. Supporting what one thinks is right, simply by nature of believing in it. Then you can go off to your day job at Google and make six figures.

[ryanthejuggler]

I think you're confusing "tip" with "paycheck". That said, I would like to hope that the tip amounts will rise as the site gains traction.

[user24]

Prior to this, you had three choices:

1) Work on this opensource project for free

2) Work on my projects / startup

3) Work for somebody else with guaranteed salary of $100-150/hr.

That lack of competitiveness doesn't seem to have stopped the success of open source.

[peterjancelis]

The market pays a premium to buy your independence away from you. So I think there's an equilibrium where a job has the highest expected value (very low variance), a startup lower expected pay but more variance and open source really base pay but reputational opportunities.