Jack Dorsey's fund promises Bitcoin developers $ 5 million
The billion-dollar Twitter co-founder Jack Dorsey plans to put more capital into the Bitcoin ecosystem after he has promised the core developers of the network via his support organization Start Small.
The company will distribute the funds over the next five years in annual rates of $ 1 million to the non-profit Bitcoin development organization Brink.
- according to his website Brink exists to " support".
- "We are financed 100 % by donating individuals and organizations that want to support the open source bitcoin network and protocol", says the website.
- In contrast to many blockchain projects, Bitcoin has no committed founder, no foundation or no company that is financially involved in the success of the protocol.
- Therefore donations and charity are mostly necessary to support the developers who often maintain their code base, which is often the case .
- "Brink is very grateful for this extended promise to support our Bitcoin developer financing efforts," said Brink co-founder Mike Schmidt. "We can contribute to the fact that Bitcoin development becomes a sustainable career for the talented developers who create, secure, test and check the Bitcoin Core code base."
- last year Jack Dorsey started a right-back fund To defend complaints from the self-proclaimed Bitcoin founder Craig Wright.
- in 2021 he together with jay-z blind to life, to life To support Bitcoin development teams in Africa and India.
- On Thursday Dorsey's payment company Block reveals
Bitcoin and Nostr are the only two really censor -resistant technologies on a large scale. https://t.co/0o1oihsraz
-jack (@jack) 16. June 2023
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