Developer Exodus: Prominent Bitcoin DEVs Increasingly Stepping Down From Their Roles — Here’s Why

Developer Exodus: Prominent Bitcoin DEVs Increasingly Stepping Down From Their Roles — Here’s Why
фото показано с : zycrypto.com

2021-12-14 13:22

 Key takeaways

Two prominent Bitcoin Core contributors stepped down from their roles last week.Their moves have sparked a fierce debate between Bitcoin proponents and other cryptocurrency supporters. The underlying reason for their departure seems to be funding. 

The cryptocurrency community last week received the news of two prominent Bitcoin Core contributors stepping down from their roles with some dismay.

On Thursday, Bitcoin Core maintainer, Samuel Dobson, announced via Twitter that he was stepping down to focus on the end of his Ph.D. program. Dobson served as a wallet maintainer for Bitcoin and contributed to the security of the protocol.

His announcement was followed on Friday by that of John Newbery, a veteran open-source Bitcoin developer. Newbery tweeted that he was “stepping away” from working on Bitcoin. He added that he handed over all roles that connected him to Bitcoin including Brink (an organization he founded to help fund Bitcoin developers), Bitcoin Optech (a newsletter), as well as management of Bitcoin Core’s Pull Requests (PR).

These announcements are coming after Jonas Schnelli also stepped down in October. Schnelli cited the stress of increasing legal risks for developers as his reason.

The implications for the Bitcoin network and community

Bitcoin Core developers are a key part of the blockchain network’s advancement. They are a community of open-source developers that have direct access to the Bitcoin codebase and help keep things running by contributing research, peer review, testing, and documentation.

This is one reason why the two announcements have shaken up the Bitcoin community and sparked several speculations as to what could be the cause of the exodus of the key developers.

Crypto market observers are mostly implying that their leaving has a lot to do with funding. According to one market player, “Mikeinspace,” commented that despite Bitcoin being a trillion-dollar asset, the underlying reason for their departure was funding.

His take has been latched on by Ethereum proponents who are comparing the two blockchains and have been receiving rebuffs from Bitcoin proponents. One observer implied that Bitcoin’s developers were not getting funding because they were not “doing work people consider valuable.” He points out other projects not having funding issues as a sign that Bitcoin was losing dominance.

In response, a Bitcoin proponent commented that other projects were not as transparent as Bitcoin. They funded themselves by “printing money” and delegating the printed money to themselves, while in the case of Bitcoin, participation in developing the network was left voluntary and open-source. The observer adds that there was funding for Bitcoin developers, but it just was not enough.

An Ethereum proponent also called out the Bitcoin community for not being able to support its developers adequately while the Ethereum community was raising funds for even Ross Ulbricht, the founder of the website Silk Road where Bitcoin first gained much attention for its use in illicit transactions. The Ethereum community has raised around $14 million to buy up the computer programmer’s NFT collection which he intends to use to fund his battle to regain freedom. 

A Bitcoin proponent responded to the criticism saying that Bitcoin developers were self-sovereign individuals that were happy to work voluntarily and accept any rewards the community gave them in the true spirit of the Bitcoin permissionless and open-source ethos.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95872.84 (+0.32%)
Объем 24H $41.074b
Изменеия 24h: -1.13 %, 7d: -7.20 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1898.258b Rank 1
Цена в час новости $ 46813.69 (104.8%)

bitcoin prominent down roles sparked fierce moves

bitcoin prominent → Результатов: 126


Prominent Analyst Warns That Not All Altcoins Will Surge During Next Bitcoin Bull Run

Bitcoin and the aggregated crypto markets have been incurring major volatility as of late, with BTC surging to fresh 2019 highs yesterday before rapidly plummeting. During this volatility, most major altcoins failed to match Bitcoin’s gains on the way up, but subsequently plummeted lower when BTC failed to maintain its upwards momentum.

2019-6-28 01:00


Prominent Investor: 2018 Was The “Most Successful Year” For Bitcoin

Many analysts, including former Bitcoin (BTC) short seller Mark Dow, look at the price of cryptocurrencies to determine the health of their underlying fundamentals. However, a prominent cryptocurrency proponent has claimed that in spite of the market, 2018 was Bitcoin’s “most successful year” yet, specifically in terms of network performance.

2018-12-24 03:30


Фото:

Mega-experts about Bitcoin: Roger Ver, Julian Assange, Edward Snowden

They don’t always say what they really think. Sometimes their message is hidden “between the lines”. And sometimes verbal interventions are done. But always their opinion deserves to be heard! Roger Ver on Bloomberg The largest business channel Bloomberg tried to make one of the most prominent fighters of the crypto-front, Bitcoin.com CEO Roger Ver. […]

2018-12-7 21:43


Prominent Analyst: Crypto “Very Close” To Finding Bitcoin (BTC) Bottom

Crypto Analyst: Bitcoin Cash Hard Fork, Regulatory Qualms Have Been Bearish Catalysts  Naeem Alsam, a crypto-friendly contributor to Forbes and the Chief Market Analyst at ThinkMarkets, recently sat down with CoinTelegraph in the outlet’s “Time To Buy Bitcoin [BTC]?” exclusive to discuss his opinions on the market, and where BTC could potentially bottom.

2018-12-4 07:00


Фото:

What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

2018-12-1 22:18


eToro’s New Report Classifies Binance Coin (BNB) as a Utility Token and a Possible Security

The trading platform of eToro recently listed Binance Coin (BNB) this October and thus became the first external exchange to list the token native to the popular crypto exchange of Binance. BNB is now available on eToro alongside other prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and more.

2018-11-28 19:21


Фото:

IOTA’s Director of Engineering Will Attend Blockchain Event Organized by Chinese Government

The 2018 Blockchain New Economy Hangzhou Summit, to be organized on 19th and 20th November, will be one of the most prominent blockchain events on Chinese mainland this year. The IOTA Foundation announced that its Director of Engineering, Edward Greve will be attending the summit, as a representative of the distributed ledger designed for the […] IOTA’s Director of Engineering Will Attend Blockchain Event Organized by Chinese Government was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-20 22:29


5 recent tactics criminals use to steal your Bitcoin (and other cryptocurrency)

While the cryptocurrency mania that drove Bitcoin’s price to $20,000 may have eased, the threat posed by the most experienced cybercriminals hasn’t disappeared. In fact, prominent information security firm Kaspersky Labs has detailed how some of the internet’s most well-known cyberthreats have evolved to better target cryptocurrency users and services.

2018-11-12 17:47