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Title: Who Are Financing Bitcoin Dev? Post by: Michael63 on March 28, 2020, 08:06:03 PM Who are financing BTC developers?
Title: Re: Who Are Financing Bitcoin Dev? Post by: Nadziratel on March 28, 2020, 08:08:52 PM I saw this via Twitter. Interesting read. https://www.cryptoinfowatch.com/who-is-funding-bitcoin-and-lightning-network-development/ There is no financing for Bitcoin DEV. The only way of financing their works is mining. It is valid for everyone not just them. But Bitcoin and Lightning is different. So there is a misunderstanding between here topic and the link you've shared. Title: Re: Who Are Financing Bitcoin Dev? Post by: amishmanish on March 29, 2020, 09:59:24 AM The link to original blog is this one :https://blog.bitmex.com/who-funds-bitcoin-development/ (https://blog.bitmex.com/who-funds-bitcoin-development/). A lot of familiar names and little tidbits of information like Bitmain and Bitpay don't seem to have any developers involved anymore.
It is good to note that almost 11 developers are independent. The effort with LN has been the most institutionalized in bitcoin and thus, Most funding is from LN supporters like Blockstream, Lightning labs, ACINQ. One controversial but potentially interesting thing would be to know that from amongst the earliest developers like Pieter, Luke, Gavin, Wladimir, gmaxwell, what is the kind of BTC they have amongst themselves? I don't think that information is or should be publicly available but well, once can ponder, right? Title: Re: Who Are Financing Bitcoin Dev? Post by: jacafbiz on March 29, 2020, 04:00:25 PM I read the Bitmex research on who is funding Bitcoin, it is a very good thing for the space especially since the Bcash fork which create a huge divide in the space. I was just surprise that we don't have more miners supporting development of Bitcoin, I can only name Bitmain and Blockstream, this is not good, this just shows they are into the game for the money only
Title: Re: Who Are Financing Bitcoin Dev? Post by: bL4nkcode on March 29, 2020, 07:58:53 PM There is no financing for Bitcoin DEV. The only way of financing their works is mining. It is valid for everyone not just them. But Bitcoin and Lightning is different. So there is a misunderstanding between here topic and the link you've shared. Title: Re: Who Are Financing Bitcoin Dev? Post by: logfiles on March 29, 2020, 10:32:51 PM Here is an overview of some funders of the open source bitcoin development which was shared by Bitmex research
https://talkimg.com/images/2023/07/19/nUya2.png Where are the so-called Folks like Binance? If it wasn't for the existence of bitcoin, they would be nowhere. Title: Re: Who Are Financing Bitcoin Dev? Post by: tbct_mt2 on March 30, 2020, 12:01:33 AM I read the Bitmex research on who is funding Bitcoin, it is a very good thing for the space especially since the Bcash fork which create a huge divide in the space. I was just surprise that we don't have more miners supporting development of Bitcoin, I can only name Bitmain and Blockstream, this is not good, this just shows they are into the game for the money only There is no fee that automatically allocated to Bitcoin developers from each block. Only Satoshi Nakamoto had a huge batch of Bitcoin from the genesis block and maybe some blocks later if he mined bitcoin years ago. For the rest developers, if they mined bitcoin, they have it, if not they don't receive anything from bitcoin network. I am not sure how Bitcoin developers receive their payments for their work, maybe indirectly from the network, from pools support them, or from donations, foundational funds.Centralization of giant mining pools are always a bad risk for bitcoin network but still now that centralization has not yet caused replay attacks. We need more mining companies to keep the network more decentralized. |
