Breaking News! Gavin and Bitcoin Core devs join MIT Media Labs

[ChuckBuck]

From Gavin's Tweet, blog, and Coindesk:

https://twitter.com/gavinandresen/status/590884520318078976

http://gavintech.blogspot.com/2015/04/joining-mit-media-lab-digital-currency.html

http://www.coindesk.com/bitcoin-core-developers-join-mit-digital-currency-initiative/?utm_content=buffer00a5a&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Sayonara Bitcoin Foundation!  The only thing you were good for, Bitcoin Core, is now in the hands of MIT.

All in all, great news for Bitcoin overall, as Gavin and company will have state of the art facilities to work from and much needed funding for the Bitcoin project.  This also means MIT will be highly networked with universities across the globe, meaning Bitcoin will grow exponentially faster than if they stayed with the Bitcoin Foundation.

Kudos Gavin!

[D05GTO]

Yeah, I'd say that's pretty big news.  They need some stability for sure.

[Lethn]

Uh oh....

http://www.coindesk.com/mit-digital-currency-policy-standards-research/

The news was first detailed in a post penned by former White House senior advisor and Digital Currency Initiative director Brian Forde, who today officially joined the university-run research laboratory.

Not sure how I feel about this, sounds to me like the U.S government is getting far too closely involved with the Bitcoin source code.

[1Referee]

Time will tell if MIT will be a better option than the so hated Bitcoin Foundation. From what I understand this looks like a step forward.

[ChuckBuck]

wot is mit

You don't know mit?  It's a leather glove used for catching baseballs or softballs.

[ChuckBuck]

wot is mit

Massachusetts Institute of Technology, it is the university where the top tier of students go who are training in technology fields.
The Harvard of technology if you will.

kingcolex, obvious 1 post 0 activity troll is obvious.  

Don't feeed them!!!  

[nextgencoin]

When will people stop being impressed by 'big names' and 'powerful' organisations and start thinking most of them have your welfare as last on one big friken list of priorities. Its embarrassing to read on a Bitcoin forum. A desperate need to be accepted by the powers this technology is designed to fight. Who do you think groups like the NSA get all their tech knowledge to screw the hell out of you on a daily basis.

Damn it people, get some balls.


https://www.youtube.com/watch?v=UrOZllbNarw  

[Wonka]

I guess Gavin needs to get paid? I hope the foundation goes the way of the dodo which it probably will if they can't afford to pay their members.

wot is mit

Mit Romney.

[ChuckBuck]

When will people stop being impressed by 'big names' and 'powerful' organisations and start thinking most of them have your welfare as last on one big friken list of priorities. Its embarrassing to read on a Bitcoin forum. A desperate need to be accepted by the powers this technology is designed to fight. Who do you think groups like the NSA get all their tech knowledge to screw the hell out of you on a daily basis.

Damn it people, get some balls.


https://www.youtube.com/watch?v=UrOZllbNarw  

Acceptance, pfft.  It's a matter of survival.  Without funding and adequate facilities, the core devs wouldn't be able to make the updates that we desperately need.

Nothing to do with powers that be.  It's all about money, something that the Bitcoin Foundation ran out of.

http://www.ibtimes.com/bitcoin-foundation-effectively-bankrupt-considers-restructuring-report-1871683

Can't have your Bitcoin Core wallet updates on a negative budget...

[Eastfist]

I never personally liked Gavin. He's loving being the prom queen too much. And I think he's being way overpaid. I think he'll stretch out development as long as possible to maximize stuffing his own pockets. If I had to analyze Gavin's true motives, he only cares about the attention and the money. He doesn't care if he was working on Bitcoin or some massive secret government project, as long as they pay him and put a camera in his face, he'll be flaunting that tiara hard.

[ChuckBuck]

I never personally liked Gavin. He's loving being the prom queen too much. And I think he's being way overpaid. I think he'll stretch out development as long as possible to maximize stuffing his own pockets. If I had to analyze Gavin's true motives, he only cares about the attention and the money. He doesn't care if he was working on Bitcoin or some massive secret government project, as long as they pay him and put a camera in his face, he'll be flaunting that tiara hard.

Gripes about Gavin aside, what about the other Bitcoin core devs?  You don't think they deserve to be paid either?

What about Wladimir van der Laan and Cory Fields?  Do they continue writing code pro bono?

Some posters have to read the articles and the whole story before posting....

[Eastfist]

I never personally liked Gavin. He's loving being the prom queen too much. And I think he's being way overpaid. I think he'll stretch out development as long as possible to maximize stuffing his own pockets. If I had to analyze Gavin's true motives, he only cares about the attention and the money. He doesn't care if he was working on Bitcoin or some massive secret government project, as long as they pay him and put a camera in his face, he'll be flaunting that tiara hard.

Gripes about Gavin aside, what about the other Bitcoin core devs?  You don't think they deserve to be paid either?

What about Wladimir van der Laan and Cory Fields?  Do they continue writing code pro bono?

Some posters have to read the articles and the whole story before posting....

The core devs should be paid if they're doing it full-time and not volunteering. In the beginning, it was not paid. It was just to see if the whole thing would work. Once you start getting paid, then the person paying you can drive the narrative. Which is what we see now. Doesn't matter if the core devs "moved" from The Bitcoin Foundation, now the MIT Lab will have their own agenda. And the beat goes on...

[ChuckBuck]

LOL I don't see how this is anything but good news.  People want Bitcoin to succeed, but don't want certain entities or forces to "drive" it.

Shit ain't free, man.

[coinpr0n]

Good for Gavin and nice to see MIT continuing to promote Bitcoin.

[Mehek]

From Gavin's Tweet, blog, and Coindesk:

https://twitter.com/gavinandresen/status/590884520318078976

http://gavintech.blogspot.com/2015/04/joining-mit-media-lab-digital-currency.html

http://www.coindesk.com/bitcoin-core-developers-join-mit-digital-currency-initiative/?utm_content=buffer00a5a&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Sayonara Bitcoin Foundation!  The only thing you were good for, Bitcoin Core, is now in the hands of MIT.

All in all, great news for Bitcoin overall, as Gavin and company will have state of the art facilities to work from and much needed funding for the Bitcoin project.  This also means MIT will be highly networked with universities across the globe, meaning Bitcoin will grow exponentially faster than if they stayed with the Bitcoin Foundation.

Kudos Gavin!

maybe it is the time when btc will again start its train journey to upward

[TheButterZone]

maybe it is the time when btc will again start its train journey to upward

That time will be when No-Bid is fully operational. I don't see MIT diverting resources from Bitcoin Core to work on it.

[Kakmakr]

I was hoping for a whole lot more decentralization of the core development on a global front, not centralization in a single country. The salaries could have been crowd funded and the development could have been done in a geographical decentralized manner. There are too many countries holding back on Bitcoin, based on their concerns with the USA being in control of the core development. ^very sad^

[pawel7777]

I was hoping for a whole lot more decentralization of the core development on a global front, not centralization in a single country. The salaries could have been crowd funded and the development could have been done in a geographical decentralized manner. There are too many countries holding back on Bitcoin, based on their concerns with the USA being in control of the core development. ^very sad^

And what's stopping anyone from outside US from becoming dev and others from crowd-funding their salaries? It's an open source project.

[Q7]

I'm glad he made the right decision. Leaving the foundation is the only best thing to do and having done in the interest of bitcoin. I'm sure at MIT they will have all the necessary resource and support to continue their works to make bitcoin even better and especially now minus the politically-minded, power hungry people. I think by itself that is already considered bullish news for bitcoin.

[yayayo]

I never personally liked Gavin. He's loving being the prom queen too much. And I think he's being way overpaid. I think he'll stretch out development as long as possible to maximize stuffing his own pockets. If I had to analyze Gavin's true motives, he only cares about the attention and the money. He doesn't care if he was working on Bitcoin or some massive secret government project, as long as they pay him and put a camera in his face, he'll be flaunting that tiara hard.

Gripes about Gavin aside, what about the other Bitcoin core devs?  You don't think they deserve to be paid either?

What about Wladimir van der Laan and Cory Fields?  Do they continue writing code pro bono?

Some posters have to read the articles and the whole story before posting....

The core devs should be paid if they're doing it full-time and not volunteering. In the beginning, it was not paid. It was just to see if the whole thing would work. Once you start getting paid, then the person paying you can drive the narrative. Which is what we see now. Doesn't matter if the core devs "moved" from The Bitcoin Foundation, now the MIT Lab will have their own agenda. And the beat goes on...

I agree with you, Eastfist. To me, Gavin seems to be very conformist and sometimes even narcissistically ignorant when following his own agenda. It seems to me that he likes to grab power. Other devs have made contributions of equal importance without that attitude.

We should not forget, that it was Gavin's idea to establish The Bitcoin Foundation. Now he leaves his project in a state of ruin and heads over to the next organization willing to pay for him. He should at least officially admit that founding TBF was a mistake.

I was hoping for a whole lot more decentralization of the core development on a global front, not centralization in a single country. The salaries could have been crowd funded and the development could have been done in a geographical decentralized manner. There are too many countries holding back on Bitcoin, based on their concerns with the USA being in control of the core development. ^very sad^

Exactly. We don't need organizations to fund Bitcoin. Depending on organizations that work in US jurisdictions is even more problematic indeed. In fact, Bitcoin makes crowdfunding development easier than ever before. So why not use Bitcoin to fund Bitcoin?

ya.ya.yo!