Context here: http://ift.tt/1x6nvII
For the amount of money that Theymos is paying these four twenty-somethings to make forum software, he could employ Gavin Andresen full-time, six times over! Most people are in agreement that the Foundation is a dangerous source of centralization, right? Just pointing out that this kid who is a university student and involved in extracurriculars (not a "highly-skilled full-time developer" as Theymos claims) is getting paid $300k a year to write forum software. Gavin Andresen's salary as the full time lead developer of the entire bitcoin protocol is $209k a year.
Theymos, I've come to the conclusion that you are not being malicious or trying to cheat anyone, but this seems like an extremely irresponsible use of funds. My hope with this post is to start a community discussion about how we might use these millions of dollars sitting around (well, $1.5 million at these current low prices) to do some really cool shit for bitcoin.
A bitcoin superbowl ad could be a reality within one year, with money that is already sitting around. And instead it's going to some kids writing message board software in javascript.
Submitted November 15, 2014 at 08:39PM by BeijingBitcoins http://ift.tt/1yHRJA4