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January 10, 2025, 09:25:44 AM
 #1

In 2023 Bitcoin developers were offered a sum total of $8.3million... I never had in mind that Bitcoin core developers have sponsors, usually I'd assume they've garnered more bitcoins, as early birds, and decided to voluntarily build and maintain the network. In this Magazine by DanO'prey And Mas Nakchi they claim to have done some research regarding the companies and individuals that offer grants and employment to Bitcoin core developers. The list include;

  • Open sats
  • Btrust
  • brink
  • Spiral
  • Digital Currency Initiative

Besides the above listed projects, a lot more organisations like bitpay, xapo, bitmex etc, have funded Bitcoin and lightening development, but these platforms weren't consistent and most of their developer grants are inactive.

In the last pages of the magazine a chart is there that shows individuals like Jack Dorsey and Jay Z as individuals who have also contributed to Bitcoin core developers through the medium of the above listed companies like Btrust where the both funded 500 btc to run Btrust.

While it's the first work I'm reading on this topic, I'd want to ask, why so much interest is focused on miner's earnings compared to the core developers?

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January 10, 2025, 12:02:12 PM
 #2

why so much interest is focused on miner's earnings compared to the core developers?

Open source development is not a business - it relies on contributions to give the developers a living.

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January 10, 2025, 05:05:07 PM
 #3

I'd want to ask, why so much interest is focused on miner's earnings compared to the core developers?
From the little I know Miners are incentivized while core developers are mostly voluntary. In the article presented the we will agree that bitcoin has no company, no treasury, no leader everything this core developers earn from the network is primarily from funding, community support , grants or freelancing ,  and comparing it to how much miners earn per block it almost nothing.

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January 11, 2025, 04:21:52 AM
 #4

While it's the first work I'm reading on this topic, I'd want to ask, why so much interest is focused on miner's earnings compared to the core developers?
Because the mainstream media doesn't hype it every day whereas they constantly talk about mining!

It's a delicate matter that needs to be approached fairly if you aske me.
On one hand we have contributors to an open source software that technically do the job for free. But that is not just any software, it is the protocol for a money that is currently worth $1.8 trillion and lots of businesses are built using it that rely on its healthy existence. Developers who are being incentivized to continue doing good work are better than developers who may give up and seek employment elsewhere to make a living in this worsening economic situation.

But on the other hand when we have centralized entities paying their "wages" (even if it is not exactly employment) one would question their motivations and possible demands and how much corruption is "seeping in"...

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January 12, 2025, 09:34:47 PM
Merited by ABCbits (1)
 #5

While it's the first work I'm reading on this topic, I'd want to ask, why so much interest is focused on miner's earnings compared to the core developers?
Because the mainstream media doesn't hype it every day whereas they constantly talk about mining!
The media constantly talk about mining activities.
Also the government keep shutting down large mining farms for reasons such as electricity consumption.
These and more keep miners activities on the mainstream. Also consider the market volatility. As the bitcoin price keep going up, miners earnings increases and people talk about them much during network congestion.

In the other hand, developers work just behind the scene.
Is there any data to show how many core developers are also miners?

R


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January 17, 2025, 06:39:36 AM
 #6

While it's the first work I'm reading on this topic, I'd want to ask, why so much interest is focused on miner's earnings compared to the core developers?
As some of the users have mentioned above, FOSS comes out of passion and a strong motivation to support the initiative. The developers contributing to the project know what they're signing up for and their work would not necessarily be compensated. However, there are other benefits of being a core Bitcoin dev that devs can capitalize on. For instance, any distributed networking/Blockchain company would get a Core Dev board of their founding/advisory team which would pay the devs in hefty amounts. If the funds are directly not coming from the project sponsors, Core devs have a huge demand outside of the project to make profits from. Its up to the dev how much they want to dedicate themselves outside of the project.

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January 17, 2025, 08:09:07 AM
 #7

Is there any data to show how many core developers are also miners?
I never find such a statistic. I don't think they will answer either since it might affect their privacy. I'd assume the time they spent working on coding will take more time compared to other activities, so it's unlikely for them to focus on running a mining rig. Running a node is still possible IMO, which is done by many people too. CMIIW.

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