Funding Bitcoin Development with John Newbery - WBD284
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 4 December 2020
⏱️ 61 minutes
🧾️ Download transcript
Summary
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.
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Transcript
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| 0:00.0 | Having an organization that exists to bring on new protocol developers and |
| 0:06.5 | fund existing protocol developers brings much more benefit to |
| 0:09.6 | Bitcoin than I could by writing code or reviewing code. |
| 0:12.0 | Hello there from Bedford in the United Kingdom, How Are You All? |
| 0:16.2 | Welcome to the What Bit coin did podcast, which is brought to you by The Mighty Cracken, |
| 0:20.2 | the best place to buy, sell and trade Bitcoin. |
| 0:23.0 | I'm your host Peter McCormack, and today I've got an interview with John Newbury. |
| 0:27.0 | We're going to be discussing the very important topic of funding open source development, |
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... |
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