I recently listened to some talks where people claimed that we need regulations in order for cryptocurrencies to become widely accepted. What is your opinion about this? Do regulations mean that there can be no true decentralized system?
decentraland has done a few bounties with us and had some good success. i was initially worried that no one on the platform would have unity/VR skills, but i was pleasantly wrong about that!
and obviously, it's dope that the ethereum foundation itself has done bounties with us. whatever we can do to support them pushing the ecosystem forward is 💯 https://gitcoin.co/profile/ethereum
Broadly speaking, I think that the Ethereum community is BUIDLing a world computer and open source financial system, and that ICOs are just the first killer app. I think there will be many more standards and killer dapps, and those with a long time horizon can/should keep their eyes on them as they emerge. I'm excited about ERC 721, 1081, and 1337 specifically.
Specific to Gitcoin, we are privileged to have Joe Lubin / Consensys backing us.. so we don't need to make any moves on the funding side immediately.
In an alternative universe in which we'd done an ICO, we'd have to spend a lot of our raise on regulatory compliance. And many hodlers of our token would be speculators.
Given this wiggle room where we don't have to worry about funding, we've chosen to focus no product. And the members of our slack community are developers, not speculators.
in the future, i'd love to integrate other blockchains, starting with bitcoin. one nice property of ethereum is that gitcoin core never has access to your funds, because they are locked into a smart contract. gitcoin doesnt want to be a money transmitter, so if we can figure out some sort of chain abstraction layer that can do something similar with bitcoin, that'd be preferable.
one question i have is whether users will interact with their private keys or if itll all just be hidden behind a web 2.0 interface. will blockchain be in the front of a browser or in the back? will users have to learn key core primitives, like how when the web came around we learned about the back / home buttons... will users learn what a private key is and how to send coins right in their browser? do they care about decentralization?
open source powers billions of dollars a year in economic activity yet has little to no financial support outside of corporate sponsorship. our mission is to grow and sustain open source. heres a little sales-ey page we typed up about this http://gitcoin.co/mission
Gitcoin is not a token! I knew I was going to get this question, but I had it coming since I named the project Gitcoin. Gitcoin is a place where you GIT coins, not a token itself. Checkout https://gitcoin.co/not_a_token
Kevin Owocki is the Founder of Gitcoin. The Ethereum-based platform leverages the open source community to incentivize and monetize work, remunerating developers for pull requests made to projects. Gitcoin was itself built using Gitcoin and is today facilitating bug bounty payments for dozens of blockchain projects. Today, over 200 projects have used the platform to distribute over $340,000 in bounties to developers. As Gitcoin continues to grow, the goal is to expand its reach to the broader open-source ecosystem.
The all-in-one cloud platform developers & their teams love. Get started free for 60 days.