Marty's Bent
[1]Bitcoin, an open-source monetary system, can supercharge open-source development projects and vice versa.
-
Author:
-
Publish date:
Bitcoin, an open-source monetary system, can supercharge open-source development projects and vice versa.
The below is a direct excerpt of Marty's Bent Issue #1160: "Open source money enhancing open source code."[3] Sign up for the newsletter here[4].
Here's a great piece from Grant Gilliam[7], someone I am proud to call a friend and business partner at Ten31. In it, Grant dives into the ways in which Bitcoin, an open source monetary system, can supercharge open source development projects in the space and vice versa.
Many underestimate the power of open source software and its ability to enable incredible things. For decades open source software projects have struggled to monetize. Many have done it successfully, but never without the need to get really creative or getting bought out by a big corporation that was leveraging the software. Due to the nature of the protocol's monetary applications Bitcoin is proving that there are new ways for open source projects to monetize, which highlights Bitcoin's utility, strengthens projects leveraging it, and puts a positive feedback loop in motion that leads to the Bitcoin protocol, companies, and critical infrastructure massively benefiting from each other.
A great example of this flywheel in motion is Podcasting 2.0, which leverages two open source protocols in RSS and Bitcoin, and enables entrepreneurs building open source products on the open source Podcasting 2.0 projects to easily monetize their products. Podcasters simply include their Lightning Network public address in the value block embedded in the RSS feed for their podcasts, their listeners are then able to stream them