Coinbase has decided to sponsor at least two crypto core developers who are part of the crypto community. The search for scholarship holders began on October 15, 2020.
On October 15, 2020, the crypto trading platform Coinbase announced it would sponsor at least two Bitcoin developers who contribute directly to the Bitcoin Core codebase or to closely related Bitcoin projects.
The company’s goal is to create “an open financial system” for everyone
We believe that helping the crypto economy to connect and grow is vital to building an open financial system for the world. Our Crypto Community Fund aims to grow and improve the entire crypto industry while making it easier and safer for everyone to use. If successful, we intend to expand the program to other types of projects and crypto communities.
In the following, Coinbase turned to the community. Bitcoin core developers can now be advertised or nominated on https://thebitcoinprofit.org/. The incoming suggestions would then be judged by current Bitcoin Core developers and key community members. The final decision will be made by Coinbase itself. Coinbase commented on the appeal as follows:
We are happy to fund projects almost anywhere in the world. While we’d like to focus on one-year developer grants, we also encourage people or teams with shorter projects to apply. If successful, we hope to grow the Crypto Community Fund over time.
Coinbase’s “openness” under discussion
On September 27, 2020 expressedBrian Armstrong, Coinbase’s Chief Executive Officer, on the company’s internal values. He spoke out in favor of a kind of political ban on discussion. BTC ECHO reported at the time. Armstrong Ars said that one should be careful not to lose sight of one’s goal. After all, Coinbase is a for-profit company. He also wants his employees to distance themselves from political and social discussions and to concentrate explicitly on their own products and customers.
I want Coinbase to focus on achieving its mission because I believe that this is how we can have the greatest impact on the world.
Jack Dorsey, co-founder of the payment company Square, criticized Armstrong’s statements. His corporate policy views of not debating politics at work would fundamentally contradict the purpose of cryptocurrency like Bitcoin . Meanwhile, Dorsey welcomed off via Twitter for promoting the Bitcoin Core developers.