Devcoin

Devcoin is an ethically inspired project based on the BitCoin crypto-currency and created to help fund open source projects created by writers and software developers. For a quick overview, there is a an animated introduction to devcoin.
Participants in the DevCoin economy earn DevCoins in proportion to their project development. Writers earn devcoins by writing, Developers earn devcoins by developing, Marketers earn devcoins by Marketing, and Administrators earn devcoins by applying their time and effort to help organize the DevCoin project.
Hopefully devcoin will eventually fund all types of developers including hardware developers, graphic artists, musicians, and filmmakers.
Purpose
The purpose of Devcoin is to give money to open source developers for their work in as fair a manner as possible.
Many open source developers do not get a significant amount of money for their work. Advertising, charity and sometimes consulting provide some income, but many developers, even those with projects used by several thousand people, only get a few dollars a month. In a typical economy, in the ballpark of 1% goes to charity. That is not enough to support people.
Because developers get so little, they can only develop their projects in their spare time, which makes development really slow. Feature requests and critiques do not accelerate development, money will.
Devcoins provide an income for everyone who wants to work, even if they live in an area with more job seekers than jobs. With devcoin, no one who wants to work need be completely out of money. Anyone who does good work can get some devcoins. There is no guarantee that this will be a high income, but something is way better than nothing.
Motto
From the many, one
From one, the source
Mining
Devcoin is merged mined with bitcoin. There are at least two pools which merge mine devcoins along with bitcoins.

Main Menu

See Also

Main Menu