Post
Topic
Board Bitcoin Discussion
Re: Is it okay for Bitcoin Core development to be funded by Banks?
by
o48o
on 01/02/2024, 21:53:23 UTC
I just read in two publications that VanEck and BitWise will be funding Core development.

https://bitcoinist.com/bitcoin-etf-by-vaneck-benefit-btc-core-developers/
https://www.forbes.com/sites/digital-assets/2024/01/30/the-bitcoin-spot-etf-a-catalyst-for-change-in-bitcoin-first-companies/?sh=13226e9f2827

There is a clear conflict of interest here.  Should this be allowed? Should anyone have this kind of influence over the Core code?

As far as I know Satoshi developed the initial code and accepted no money in return for this very reason.
Why does it even matter? Miners choose what changes they will back up by mining it, and community chooses if they support any fork. So what kind of changes are you afraid of exactly and why and how could anyone enforce them to us?

If radical changes are coming, we see them coming from mile away and can just not accept them. Also funders are not stupid. They don't expect bitcoin to be somehow more centralized or controlled by their funding.