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Author Topic: Eliminating the need to trust in the Bitcoin economy  (Read 2544 times)
d'aniel
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August 04, 2011, 02:06:51 PM
 #21

I don't know what goes on behind the scenes with the developers, but I'm wondering if that the lack of resources to develop this stuff might be because they're simply not being properly asked for.  There's a lot of people investing in Bitcoin who would probably be willing to help secure their investment by contributing to a kind of technical development fund if a coherent, big-picture proposal were put together by the reputable developers of the various relevant projects.

Gavin will soon be starting work on Bitcoin full time, but I think most of his effort will be going on stability, scalability, code maintenance and other such things. I'll get around to working on contracts stuff eventually I hope, but the work needed for mobile (in person) payments is taking priority.

It's certainly true that the project could use better organization and more of an authoritative voice. First step would be an improved website with a "project ideas" type section.
Have there been any talks of setting up some kind of 501(c) to fundraise and employ full-time developers?
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Unthinkingbit
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August 04, 2011, 06:39:23 PM
 #22

Have there been any talks of setting up some kind of 501(c) to fundraise and employ full-time developers?

There is a Bitcoin Developer Mining Pool thread:
https://bitcointalk.org/index.php?topic=25441.0

which lists the two bitcoin developer charity pools, which give one percent of the generation to the bitcoin developers on this list:
https://github.com/Unthinkingbit/charity/blob/master/bitcoindonationinformation.html

To get on that list, an open source bitcoin developer can message me or post in an active devcoin thread like this one:
https://bitcointalk.org/index.php?topic=24813.0

They could also post in the original induction thread:
https://bitcointalk.org/index.php?topic=18498

However, since no one has ever posted in the original induction thread I'm not checking it often.


In preliminary testing is the devcoin:
https://bitcointalk.org/index.php?topic=24813.msg422068#msg422068

Devcoin is an ethical currency where 90% of the generation goes to open source developers and 10% to the miners:
https://github.com/Unthinkingbit/charity/wiki/Devcoin-Description

However, devcoin is still alpha, which means devcoin has not had problems for several days, but if new problems develop it may still be necessary to reload the client and/or daemon and/or restart the blockchain.

nighteyes
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August 04, 2011, 08:07:48 PM
 #23

All the tools exist such that we don't need to place very much trust in service providers, and I'd like to see this old model finally abandoned.  If the only complication to the user experience is that they have to safely store a rarely used, never updated private key, then I think that's something most people can easily adapt to.  Notice that this is the exact same UX as Firefox sync, so it's not exactly unprecedented in mainstream use.

agreed, but the ability to store ones wallet in the cloud is essential for mass adoption.  The faster someone figures out how to do this properly with immediate confirmation, the faster you will be able to use BTC retail.

+1, but what is the incentive to use BTC retail? Its overpriced.
d'aniel
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August 04, 2011, 08:23:40 PM
 #24

All the tools exist such that we don't need to place very much trust in service providers, and I'd like to see this old model finally abandoned.  If the only complication to the user experience is that they have to safely store a rarely used, never updated private key, then I think that's something most people can easily adapt to.  Notice that this is the exact same UX as Firefox sync, so it's not exactly unprecedented in mainstream use.

agreed, but the ability to store ones wallet in the cloud is essential for mass adoption.  The faster someone figures out how to do this properly with immediate confirmation, the faster you will be able to use BTC retail.

+1, but what is the incentive to use BTC retail? Its overpriced.
Um, don't buy their overpriced shit and their prices will have to come back to reality lest they go out of business?  They might also price their goods in more stable currencies, and convert during sales so that their advertised prices don't get out of wack while exchange rate fluctuates.  There's an incentive to use it to avoid the banking system (provided you already own BTC...).  Plus, added privacy - you don't have to give your personal/credit card information out to every single website you deal with.

I feel like a salesperson now.

But really, one thing at a time.  This thread is about the trust problem.   Wink
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