Why aren't Bitcoin multimillionaires(billionaires) funding the development ofBTC

[Kakmakr]

The problem is, people will try to "buy" their goals with Bitcoin. If I invest in something, then I do that because I want to achieve some goal with that investment. As soon as these developers are not doing what my goals are, then I will stop donating.

So the people with the most money will dictate the direction that the developers have to go with this technology. <People like Roger Ver or Jihan>

We saw this with the Bitcoin Foundation and we do not want a repeat of that again. ^grrrrr^

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[Jr.robert]

There are basically two type of investors or we can say multimillionaire bitcoin holders are there, the first one are already actively contributing their share in technological advancement of bitcoin , whether the second type are those who aren't that engaged with technology development ,they only treat bitcoin as a investment which keeps on growing year by year.
Although in my opinion they have enough funds for development of BTC, the early investors or core team of bitcoin is already funding for BTC development.

[DRAWDE_3691]

I really does not think that they will fund for the development for a simple reason, they are already satisfied to whatever system we have in bitcoin. Development does not necessarily mean that it is always pros, sometimes, it can be a con's to those billionaires that will greatly affect them.

[kudesnik]

There are priority problems and they are above the understanding of the industry. While everything is centrally moving as the creators want. And projects that are not dependent on anyone will not be able to break through this wall. I promote the idea of completely independent and protected wallets and stock exchanges. But there is no finance. Well, it was not the goal to become rich, money is not an end in itself.The goal is to make the world free and fair.

[kudesnik]

While this is just an illusion of freedom and decentralization. And I see the freedom in that that no one could control my wallet, my finances. And no one could steal them. I practically thought out the technology. It remains only to raise funds and implement. This is a matter of honor and principle. Leave a trace after yourself. Yes you can call me cryptoanarchist.But my daughter is growing and I want her to live in a free and good world.

[kudesnik]

Most likely all do not care. To, he interesuet only himself. And no one is unaware that all of the industry can collapse.

[cellard]

Not all early adopters kept all their coins. Just look at Andreas A. (and well, just look at me, I've been around, I don't have much today.)

Early adopters spent their coins. To buy pizza and lambos and to pay rent.

How many actually bought lambos though? I'm so curious what % of early adopters have made it into the "wealthy" category.

I know Roger Ver has a yellow Lamborghini Gallardo in his Tokyo flat. It's one of these super expensive buildings where you park your car at, and then there's an elevator that will lift you with the car right into your house, so you are at the sofa watching TV and you can see your car through your window pane. Pretty rad. Hopefully in the next decade 1 BTC will buy you one of these.

There are bigger whales than Roger Ver tho, but they are not as flashy with their lifestyle and keep a lower profile.

Most whales sold along the way. If you are sitting on $100,000,000, you are will be prone to sell some, so eventually the BTC gets redistributed into other hands. Im sure no one of them imagined we would be at $20,000 in 2017.

[bitzzz]

It is not profitable. They are more willing to do bitcoin fork. You know! Free and huge amount of money! Hahaha.

[chamoisgeks]

It's easy to assume that the developers are millionaires, but perhaps the hard part is how to start the open source project for funding the development of BTC.

[Kprawn]

This is not Bitcoin Cash, where a bunch of rich guys are paying people to dance to their beat. The rich people should just

fund projects that use the technology and spread adoption that way. Once you get a few rich investors paying developers to

design or develop crypto currencies to cater for their needs, it creates centralized authorities that tend to create the rules. We

should avoid that scenario at all cost. 

[Anti-Cen]

Im pretty sure that all the main developers in bitcoin are early adopters, therefore all of the main bitcoin developers are multimillonaires themselves... which means they don't really need any funding

Yep

and they will keep getting richer as BTC keeps going up.

The rich gets greedy and now they run a mining pool monopoly

See https://blockchain.info/pools because ten big names control 90% of transaction data

Anyone can be part of Bitcoin by submitting your own code.

Not a chance in the world of this ever happening, open source does not happen like that
and I tried this approach with Firefox developers that have google spyware all over the
code but because google pays firefox $50m like its a charity your comments get blocked
and anything you do or say gets a black-ball.

We need consensus you see on changes in this democracy that we play no part in or else
my simple line of code would be adopted by everyone who's seen fees up and prices going
down.

public static money MaxFee=1.5 // 20,000 is far too many parasites need to process a mere 7 transactions a second


 

[posi]

Nobody know but I guess the mining sector, the investor, cryptoner are busy keeping their profit. However,no one funding the bitcoin development is the particular problem causing the hike in transaction fee, congestion and delay of transaction in the bitcoin network. While, most altcoin like ETH have more than a enough and this is the reason why ETH can take 7 transaction per seconds.

[Anti-Cen]

ETH can take 7 transaction per seconds.

BTC = 7
ETH = 15
IOTA = 100

ETH is nothing to write home about and it's data is growing at a very fast rate plus the miners
are kept under control by code or can be trusted because they didn't milk it too much when
Crypto-Kitties shoot the transaction rates up.

I like the more steady climb of ETH looking at the charts and I brought in on Ripple at
$2.77 (Super fast, mega low fees excluding 20 coins in wallet) but I am not too concerned
with my $1.00 loss per share but I am very concerned with my BTC gamble due to the fees
and failure of the development team to do anything about it.