Tuesday, 19 January 2016

Blockstream's incentives


Here's a direct quote from Blockstream co-founder Greg Maxwell—aka u/nullc—on their incentives and goals (emphasis added by me):Everyone at Blockstream has a monetary interest in Bitcoin's success-- we use timelocked bitcoins as incentive compensation; and most people in the company are very long time (since 2009 to early 2011) Bitcoin users who were personally very interested in Bitcoin's success long before blockstream; and we created the company to be able to fund more efforts to insure that success. (And have been delivering on that, with freely licensed software available to the world).[source] via /r/Bitcoin http://bit.ly/1WsxxyH

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