Bitcoin’s Future Hinges on Donations, and That’s Got People Worried
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It costs up to $200 million a year to keep Bitcoin’s code maintained and functioning. Can developers find the resources they need in a plunging market? Frederick Munawa checks in.
Last month, Bitcoin developer James O'Beirne sounded the alarm: The dominant blockchain might lose some very talented contributors if someone doesn’t step up to pay them for their work.
That work involves writing and maintaining code for the Bitcoin blockchain, tasks completely dependent on grants and donations from businesses and voluntary contributors. But relying on grants, stipends and free labor makes Bitcoin development prone to the ebb and flow of crypto markets – and goodwill.
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