Open Source Funding Blockchain

Blockchains are the becoming relevant in the world of finance and spreading into many more areas as the core ideas get expanded upon. The value of a global decentralized peer-to-peer currency is immediately obvious to anyone who has tried to purchase from, or sell to people in far corners of the world.

In the internet connected world we hope to eliminate global inefficiencies to commerce. De-centralizing the transfer of money so that no one country or company can interfere is a step in that direction.

Open Source is a key part of the culture that has built up in the technology which creates the internet and blockchain based currencies.

Putting these things together is a no-brainer. Feeding the open source crypto currencies back into the hands of developers who enable the internet age. But creating the right experience will take some innovation. A low or zero fee way to tip your favourite developer, project or service could be an interesting way to show them just how much you value their efforts. And the global nature of a blockchain currency means it won’t matter where in the world either of those people live. So everyone can be treated equally regardless of where there are on the planet.

The promise of blockchain is rosey, however the need for open source support is immediate. Donating bitcoin or other crypto-currency is difficult for most of the world which limits the potential scale. In the short term a traditional approach is required.

Blockchains are a technology that could inject new possibilities into the ways we can support open source and the infrastructure that runs the internet. It will be interesting to see who solves this first.