![]() Luke-Jr has dedicated years of his life to the advancement of Bitcoin technologies. It is no secret that all transactions coming in and out of and are anonymized via CoinJoin using software developed by Wasabi Wallet, which itself relies on the Bitcoin Knots software developed by Luke-Jr. If the companies that profit from Bitcoin open-source development don’t provide the necessary funding, who will? ~ Francis Pouliot We can’t expect the world’s most talented experts to contribute indefinitely without financial compensation. Cypherpunks write code, but cypherpunks don’t always get paid. One of Bull Bitcoin’s core values is “skin in the game”. Bull Bitcoin is Canada's most trusted exchange to buy and sell Bitcoin and is designed to let you retain full control of your bitcoins when you buy, sell or spend Bitcoin on this platform directly with your own Bitcoin wallet. More specifically, Bitcoin Knots is a Bitcoin full node and wallet software which can be used as an alternative to the more popular Bitcoin Core.īull Bitcoin was created with the objective of building the financial and software infrastructure to support the establishment of the Bitcoin Standard. 86 bitcoin, or $40,000 contribution (split evenly between the two companies) in support of the growth and development of Bitcoin Knots - an open source enhanced bitcoin node/wallet software. This is why zkSNACKs, alongside Francis Pouliot, CEO of Bull Bitcoin, have come together to make a. To this point, the entire Bitcoin ecosystem is based on the development of open source software. More importantly, there certainly wouldn’t be a team of developers working on the underpinnings of its next iteration, WabiSabi. ![]() Without the support of zkSNACKs, however, Wasabi Wallet would certainly not be as refined as it is today. This development has been a collective effort by scores of contributors over the years. Wasabi Wallet is in a unique situation where it is an open sourced software under the MIT license, but has a private company, zkSNACKs backing its development. Although Jonas Salk did exactly this, it’s hard to imagine any of today’s big pharmaceutical companies doing this (did someone say COVID 19?). It’s as if a pharmaceutical company puts in years of research to find a cure for polio, let's say, and then gives this cure to the world completely free of charge. This is a problem because there is no financial incentive to develop open source software. But many argue that some of the best innovations are open source. The point of opening a business, after all, is to do business = make money. Most companies opt to work on closed source software to maintain control and to profit from their work. Like most things in life, the answer to these questions is rather complicated. What compels such acts of philanthropy? Why does one person deserve this incredible windfall? 86 Bitcoin (roughly $40,000 worth) to a single person? Despite sounding like the start of a bad joke, this is what happened Monday, March 1st, 2021. Two bitcoin focused companies, zkSNACKs and Bull Bitcoin donate. ![]()
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