You are viewing a single comment's thread from:
RE: Should We Create a Development Fund?
Maybe you verify the development at the Code Drop. Or you payout in thirds which is common in contracted development projects.
Although I agree we can currently fund small development with votes, what about larger projects like SMTs or other features?
I disagree that logically it doesn't make sense, it could logically make sense. Which also doesn't mean we have to implement it. :)
How do other projects raise capital? Bitcoin doesn't have a fund. It has passionate individuals that work on it for free and groups of developers that propose functionality to investors and raise capital through these proposals. Such an approach is better for developers in that funds are often in stable currencies and it makes sense to trust investors since they provide all the money that is "at stake". It would be preferable to encourage more startups and small organizations around Steem, not turn Steem into a partial funding platform because it can print tokens.
I'm not sure how Bitcoin's devs are paid.
Dash does have a foundation and a group of people who approve work proposals and such as do several other chains.
One thing that is hard when you have more than just a currency is how to attract people/devs and projects to your blockchain when there are no assets set aside to fund it.
I'd like to recommend you this read in case you haven't already.
https://medium.com/@lopp/who-controls-bitcoin-core-c55c0af91b8a
IMO, there are much to learn from how Bitcoin Core Dev does their job. And even then they still admit it's somewhat centralized.
I'll read it, thank you.