WITH BITCOIN, OPEN-SOURCE MONEY IS ENHANCING OPEN-SOURCE CODE

WITH BITCOIN, OPEN-SOURCE MONEY IS ENHANCING OPEN-SOURCE CODE

WITH BITCOIN, OPEN-SOURCE MONEY IS ENHANCING OPEN-SOURCE CODE

Stunning writing from Grant Gilliam, a friend and business partner at Ten31. Grant explores how Bitcoin, an open source monetary system, can boost open source development efforts in the field.

Many underestimate open source software’s capability to enable amazing things. Years of battle to monetize open source software. Many have succeeded, but only after being purchased out by a large firm utilizing the software. Because of the protocol’s monetary uses, Bitcoin is demonstrating new ways for open source projects to commercialize, highlighting its utility, strengthening projects that use it, and creating a positive feedback loop where the Bitcoin protocol, companies, and vital infrastructure all profit.

Using two open source protocols, RSS and Bitcoin, entrepreneurs developing open source products on the open source Podcasting 2.0 projects can easily monetise their businesses. Listeners can stream sats over the Lightning Network using their preferred Podcasting 2.0 application, and while they do so, they automatically provide a small percentage of the sats they are streaming to that Podcasting 2.0 app to help that app monetize. Open source apps that use open source protocols to monetize content creators and entrepreneurs. It’s lovely.

WITH BITCOIN, OPEN-SOURCE MONEY IS ENHANCING OPEN-SOURCE

There are numerous examples of this magnificent feedback cycle. Individuals can hold their own keys with Unchained Capital’s multisig service.

Open source privacy tools for bitcoiners are provided by Samourai Wallet. By offering coordination services for the CoinJoin tools, Samourai Wallet is able to monetize its open source project and its open source nature.

Samourai Wallet, which provides open source privacy solutions for bitcoiners, is another example of the wonderful feedback loop Grant describes. However, they can also make money by providing coordination services for CoinJoin tools built by Samourai, which is open source and benefits from the open source nature of Bitcoin at the same time.