Who Are Financing Bitcoin Dev? | Bitcointalksearch.org

ABCbits

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The chart show "Private Donors", i wonder if that means people who donate their Bitcoin anonymously to Bitcoin developer/contributor since it's not available on Table 1 (Key companies funding open source Bitcoin development) ?

Quote from: amishmanish on March 29, 2020, 04:59:24 AM

One controversial but potentially interesting thing would be to know that from amongst the earliest developers like Pieter, Luke, Gavin, Wladimir, gmaxwell, what is the kind of BTC they have amongst themselves? I don't think that information is or should be publicly available but well, once can ponder, right?

The raw data is available publicly (either on GitHub, this forum or even Bitcoin blockchain), so IMO we can't avoid this kind of information available publicly.
At least the developer aware how much people know about their financial situation.

tbct_mt2

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Quote from: jacafbiz on March 29, 2020, 11:00:25 AM

I read the Bitmex research on who is funding Bitcoin, it is a very good thing for the space especially since the Bcash fork which create a huge divide in the space. I was just surprise that we don't have more miners supporting development of Bitcoin, I can only name Bitmain and Blockstream, this is not good, this just shows they are into the game for the money only

There is no fee that automatically allocated to Bitcoin developers from each block. Only Satoshi Nakamoto had a huge batch of Bitcoin from the genesis block and maybe some blocks later if he mined bitcoin years ago. For the rest developers, if they mined bitcoin, they have it, if not they don't receive anything from bitcoin network. I am not sure how Bitcoin developers receive their payments for their work, maybe indirectly from the network, from pools support them, or from donations, foundational funds.

Centralization of giant mining pools are always a bad risk for bitcoin network but still now that centralization has not yet caused replay attacks. We need more mining companies to keep the network more decentralized.

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Here is an overview of some funders of the open source bitcoin development which was shared by Bitmex research

Where are the so-called Folks like Binance? If it wasn't for the existence of bitcoin, they would be nowhere.

bL4nkcode

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Quote from: Nadziratel on March 28, 2020, 03:08:52 PM

There is no financing for Bitcoin DEV. The only way of financing their works is mining. It is valid for everyone not just them.
But Bitcoin and Lightning is different. So there is a misunderstanding between here topic and the link you've shared.

The article didn't mentioned any mining/miners topics. You might be the one who is misunderstanding the whole point of the thread/topic. Bitcoin devs develop the software, not necessary that they will go to mining. Open source developers doesn't have to get financed, they do it for contribution but there are some company/organizations/individual love their works and start to make a donation or even finance the whole project with problems they're trying to solve.

jacafbiz

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I read the Bitmex research on who is funding Bitcoin, it is a very good thing for the space especially since the Bcash fork which create a huge divide in the space. I was just surprise that we don't have more miners supporting development of Bitcoin, I can only name Bitmain and Blockstream, this is not good, this just shows they are into the game for the money only

amishmanish

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The link to original blog is this one :https://blog.bitmex.com/who-funds-bitcoin-development/. A lot of familiar names and little tidbits of information like Bitmain and Bitpay don't seem to have any developers involved anymore.
It is good to note that almost 11 developers are independent. The effort with LN has been the most institutionalized in bitcoin and thus, Most funding is from LN supporters like Blockstream, Lightning labs, ACINQ.

One controversial but potentially interesting thing would be to know that from amongst the earliest developers like Pieter, Luke, Gavin, Wladimir, gmaxwell, what is the kind of BTC they have amongst themselves? I don't think that information is or should be publicly available but well, once can ponder, right?

Nadziratel

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Quote from: Michael63 on March 28, 2020, 03:06:03 PM

I saw this via Twitter. Interesting read. https://www.cryptoinfowatch.com/who-is-funding-bitcoin-and-lightning-network-development/

There is no financing for Bitcoin DEV. The only way of financing their works is mining. It is valid for everyone not just them.
But Bitcoin and Lightning is different. So there is a misunderstanding between here topic and the link you've shared.

Michael63

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Who are financing BTC developers?

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