Topic: Article suggests massive public funding for Bitcoin Core Development team (Read 1020 times)

The irony of bitcoin is, it was created to decentralize currency, yet it's current structure of core development is completely centralized in that a few people control it.

So for btc to join big corporate players the core development now needs to become decentralized and the original guys/girls may put up a big fight, if they do, no problem the core is OSS and a neutral decentralized group backed by mega billion corps can over see core development to harden it so it can do 800M trans a day just to equal what credit cards do a day now, so the core has only 40M trans in it's life, you're talking about a quantum leap in transactions frm 42 over 6 years to 800M  a day and if btc gets more than just 10% of the world population it's gonna be way past 800M transactions.

Will a C+++ script handle that over X nodes, maybe, but I'd feel better if 100 of the top geeks in the world looked at the code and said, NO VIRUSES and ROBUST ENOUGH to meet what the mainframes do now with credit cards.

So just to get a legitimate review of the core by a large team of geeks is gonna take funding, right now the whole thing is well we're experts in crypto trust us and the core has a ton of files in it that should not be in it for simple security issues.

So yeah, a decentralized crypto currency is way too centralized for core development, so a revamping of how the core is retooled is a natural progression, or big corps will fork the core and say this is the only core we use and we have it on super computers doing super fast transactions and the toll fees are this.

So that's where I see btc as of today, a great idea decentralized digital currency but the core development is completely centralized as is this forum.

You go somewhere the mods don't want you to go POW

Go try to suggest core changes to harden it in the github for bitcoin

haha

see what the few running the show do

so core is OSS but centralized

time to decentralize it

or else big corps will develop an oss of their own, or worse yet, maybe a closed version of the core

If I'm gonna put serious money into btc I want more than a handful of crypto geeks to tell me IT IS SECURE

when I looked at the core package I'm like WTF, are you kiddng me

video files and apple icons

WTF

it's a joke to security guys, you don't put video and image files in a real core .tar or .zip

you put that stuff in a certified 2nd package

no one in security wants to see image files or video files near a major core script

ever hear of .jpg

yeah bootstrap viruses

who is to say the .ts or .icns stuff can't be boot strapped

so major vulmerability in security IMO when you have image and video files inside a core package

then the core is C++ some C+++

just do some research on the super computers running 800M credit card transactions a day

can you say ASSEMBLY

so let's get 100 major geeks to do the numbers

can this script do 800M trans a day?

yes or no

I don't care what a few crypto geeks say, I want a concensus amongst top geeks 100 of them

yes the core is fine, no viruses, we put the security vids and images files outside of the core package

nothing against bitcoin or the group that brought it this far, but it's a small boys club right now as to how core dev is handled

too few chiefs to trust mega millions from my vault in it, sure I have some of my pile in btc, but my stacks are huge and right now they're all in on domains

one reason

WIPO

I lose a domain I got an international court to back up my rights to my IP ASSET

I put too many chips into btc and the core dumps or there's a bootstrap on some image file that is a future trigger to fleece accounts, who will I complain to?

so I'm not putting much of my REAL WEALTH into btc, but I got some play on it

now I want assurances from big geeks this core is stable and able to grow to 800M trans a day

and a handful of crypto geeks with lots of btc in their pockets is not good enough for me

so that's my mindset, and it's the same as the link, they think just like me, btc has prove the 'idea' works, now let's harden the core and get 3rd opinions on how good the core is

so what if some major geeks say the core has to be redone with assembly to do big numbers, so what, it hardens the core so big money can say, ok I heard of htis geek and that geek and they're saying CORE IS A OK

Right now a wealthy person says ok who invented it? Oh some guy who is HIDING

really, you want me to put 100M or 10B into a currency that was founded by a ghost?

is it a cia project?

haha

let's get ral, btc works, who created it, is Satoshi a nsa or cia invention?

who controls the core? oh guys with lots of btc

really, so no outside overview, no serious analysis by a think tank of the code?

so next level is super growth to 800M trans a day and I want to know the ferrari doesn't have a fiat engine in it that sputters at 60mph

I need to go 225mph if my money is in a pool doing 800M trans a day

Gavin is just one guy.  And the fact that he's already well off is besides the point IMO.

"Holding the keys" is not what made Andresen wealthy. His wealth is the result of investing his time and money into what became a very successful project.

I would prefer funding going to non-Core developers because code diversity is extremely important to the success of Bitcoin.

Not all of the developers are that extremely rich, just some of them got rich, of course this depends on how you define rich and what your living standards are. I remember one of the main developers got around 40.000$ in the end, there was a thread about it on this board a few weeks ago.

Gavin Andresen:

Holding the keys has also made early comers to Bitcoin wealthy beyond measure. "I made a small investment in Bitcoin and it is actually enough that I could now retire if I wanted to," Andresen says. "Overall, I've made about $800 per penny I've invested. It's insane."

Why fund the out of this world fucking rich who made the riches out of air?  You must be joking, yes you are.

http://1bitcoins.org/news/time-for-bitcoin-to-growup/

Would the original team of core developers be opposed to a huge public funding of bitcoin core development?

That's the issue being suggested in the article.

Original development team remains in place and big corporations fund a public discussion on core development with the public funding group helping to fund core development.

Seems to be a good way for all the core guys to be paid for their work they are putting into this huge project.

Interesting idea IMO.