![]() The total bounty amount quickly snowballed. Very quickly, other supporters of the BIP threw in their hats and offered their own complimentary bounties. In December 2021, the BIP’s author, Jeremy Rubin, placed a bug bounty on his own BIP via Twitter. Many developers may not pay any particular interest to bounties, and that’s fine too.ī sprang out as a concept from the BIP119 controversy. It does all of the above in an opt-in and non-centralizing way that maintains the spirit of the Bitcoin project.This includes written reviews, analysis and various classes of bug or vulnerability discoveries. The bounty options for BIPs are designed to move the ball forward on concrete deliverables, representing the inputs necessary for the community to come to consensus (or not) on any particular proposal.It gives the open-source Bitcoin development community strong comparative signals regarding which areas the community is most interested in, and which have higher potential financial ROI for them to attune their focus.Through tax deductions, it incentivizes community members and organizations to show interest in and financial support for proposals by putting their money where their mouths are.Although it only lists one bounty at the moment, this structure is designed to accomplish the following: Administered by the Lincoln Network, a nonprofit organization focused on fostering technologies that support human liberty, collects donations to fund standardized bounties earmarked for specific BIPs. Similarly, BIP bounties are an attempt at improving the incentives driving Bitcoin development and consensus building. Just as the Lightning Network debunked the claim that increasing transacting scalability necessitated increasing the block size. The knee-jerk impulse to fight against any assertion that the Bitcoin development process is not ideal, or that it can benefit from improvement, is usually based on the implicit assumption that any effort to improve it necessarily means adding more centralization and control. Maintaining and supercharging this process is essential, and while it will always be slower than a standardized and formalized system in a relative sense, there is always room for improvement to make it happen more effectively on its own terms. #Bitcoin expert tucson upgradeFrom the research and analysis required to convince the community that the benefits significantly outweigh the costs, to the breakdowns and communication necessary to motivate the wider ecosystem to upgrade software and prepare use cases, to the actual work of finalizing and implementing the code itself. The only way for a proposal to reach eventual inclusion is to receive the extensive attention, support and subsequent work from the community required to do so. There exists no standardized process by which any idea or proposal graduates to becoming included in Bitcoin. This community is delightfully and intentionally unstructured and informal. These individuals continue to wrestle with pivotal problems, such as implementing greater degrees of privacy, and scaling the greater Bitcoin network to global throughput without losing the very characteristics that make it Bitcoin. It is undeniable that Bitcoin boasts a huge mindshare of world-class programmers, cryptographers, mathematicians, economists and more. If we seek to defend innovation in the Bitcoin community, the easiest way to do so would be to point at the truly expansive body of continuous research and development in the bitcoin-dev mailing group and other forums of technical information exchange. It also does nothing to ensure that the developer community is focusing its finite efforts and attention on the right areas. The simple passage of time does nothing on its own to ensure a Bitcoin Improvement Proposal (BIP) receives more eyeballs, reviews, serious consideration or engagement. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |