Post
Topic
Board Speculation
Re: $55 mio series a funding of bitcoin core, wtf ??
by
Denker
on 26/02/2016, 12:05:28 UTC
$55 mio pumped directly to some core devs. the very heart of bitcoin. is this good for the price of bitcoin?

I have been reading the article from coindesk about this $55 million investment, but I can't find anything about that the money is going to core devs....??

http://www.coindesk.com/blockstream-55-million-series-a/

It's blockstream. Those guys work on Core.

So I think it is bad for bitcoin. That means blockstream has more control over Core and thus bitcoin.

That is not true!
Blockstream is not having any control over Bitcoin. Just a very small group of core devs is hired by Blockstream.Furthermore only one of those devs is having commit access. And last but not least Blockstream employees signed a pledge indicating that their primary allegiance is to Bitcoin before themselves or Blockstream!