Post
Topic
Board Bitcoin Discussion
Re: The truth about the Bitcoin Foundation
by
Anotherthing
on 07/04/2015, 14:19:07 UTC
...
In an opensource community why pay the core devs so much, really Gavin needs 100k? Correct me if I am wrong but last time I looked he had atleast 25k bitcoin?

Well, see, that's where you're wrong.
It's not Gavin's fault he got paid so much, apparently it was just an accounting quirk introduced by Miss Lindsay Holland, who only earned $160k/yr, so minor slipups like that are perfectly understandable.

As Gavin put it,
Secretary work?

Lindsay WAS the Foundation at the beginning, and did EVERYTHING (including single-handedly organizing the San Jose conference).

She, like me, got a huge salary boost because the Foundation's original policy was to set the exchange rate for paying salaries once per quarter. That policy changed pretty quickly (neither Lindsay or I had any influence on our own salaries or the policies for how they were paid) to "use the CoinDesk price index on payday."

You have to remember that even simple things like "which exchange rate should be used to pay employees" didn't have simple answers back then (nobody had created a cross-exchange, volume-weighted price index).

I believe she left the Foundation partly because of annoying misogynistic Internet trolls like the ones found in this very thread....