Too much funding ruins incentives
Who funded satoshi?
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Replies (5)
i think the problem is actually the opposite
there is too little funding
the more open source contributors we have the stronger the ecosystem
contributors should not have to struggle to pay bills, that just makes them distracted and cheaper to bribe
He was getting funded for dev work of some kind.
If memory serves, he mentioned this to Adam Back in their email correspondences.
ethereum has way more developers than bitcoin and nostr
they are very well paid
the result is shit because most do not care the slightest about the work
He admitted via email to receiving funding.
This is a fallacy unfortunately.
We've seen this with politicians, CEOs, etc...
Greed begets greed.
It's actually putting a priority on having enough contributors that have values beyond currency.
Donations are great, but allowing monies to dictate your dev flow, meanwhile pretending you're impartial is dishonest & can be nefarious.