What Bitcoin Did

View Original

Funding Bitcoin Development with John Newbery

Peter McCormack

Interview | Description | Timestamps | Show Notes

See this content in the original post

iTunes | Google | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

Your browser doesn't support HTML5 audio

Funding Bitcoin Development with John Newbery - WBD284 Peter McCormack

Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.

See this content in the original post

Location: Remotely
Date: Monday 16th November
Company: Brink
Role: Founder

Bitcoin has a market capitalisation of over $300 billion, holding significant value for millions of investors. Yet we all rely on the developer community around the world to protect the network from bugs and attack. The importance of high-quality development and review is paramount to every bitcoiner. However, with no centralised developer fund or company, it can be challenging for developers to find funding.

While there are a handful of companies who actively support Bitcoin development such as Chaincode Labs, Blockstream, Square Crypto, among others, opportunities as a full-time Bitcoin developer are limited. 

Recently, companies in the space have started dedicating funds to developers, including Coinbase and Gemini, recognising that the foundations of their businesses rely on this work too.

John Newbery recently left Chaincode Labs to set up a Bitcoin research and development centre. With Brink, John aims to onboard and fund new Bitcoin developers.

In this interview, I talk to John Newbery to discuss his decision to leave Chaincode Labs, funding for open source Bitcoin development, starting Brink and what he is working on developing.

See this content in the original post

00:05:12: Introductions
00:07:34: Does Bitcoin have enough developers?
00:09:50: Bitcoin's unique open-source project structure
00:12:39: Introducing Brink
00:18:46: For those wishing to fund developers - how and where
00:23:03: Bitcoin Core 0.21.0 release
00:26:27: Schnorr and Taproot
00:30:44: How to activate changes on a decentralised system
00:33:52: Risks of new activations
00:36:08: Where will the developer funding come from?
00:40:40: Brink's funding model
00:43:53: Brink's targets for funding and grants
00:45:58: Brink's website and how to contribute
00:46:58: Bitcoin community in the UK
00:52:56: The work of a protocol developer
00:55:55: Future changes to Bitcoin protocol
00:57:52: Final comments

See this content in the original post

SUPPORT THE SHOW

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

SPONSORS

See this content in the original post
See this content in the original post