An open letter for the creation of an objective, bounty based foundation for secure open source web 3.0 industry tools
Hey,
My name is Yonatan, founder of the Matchpool project. I’ve been involved in the crypto industry for about 5 years and have watched Ethereum closely from the get-go. I still remember asking Stephan Tual questions about the white paper back in 2014.
Three years later, I’m still a huge fan but also concerned and disappointed.The industry as a whole is very well funded but I think there could be and more brilliant brains involved in this space and hence, many more technological achievements and tools for the community.
One problem we face is there is not a good incentive mechanism for decentralized development besides ICOs, and the problem with ICOs is that you have to have a token attached to your software — I have a proposal for an alternative.
Below I want to propose a way to accelerate development and enhance the infrastructure tools to support the decentralized Web 3.0 vision.
A bounty based objective foundation establishment :
My idea is as follows :
Step 1 : Collect 1–6% from each of the successful project’s funding that are interested in establishing the foundation.
Matchpool is going to donate to this foundation 150k USD.
Step 2 : Vote on a certain number of big challenges or tools that the industry needs to have ( for example — key management service \ a secure multi-sig wallet \ security audits\kyc tools).
Step 3: Announce 10–15 big bounties and spread it among all the computer science departments across the world via a bounty website like herox.com or other service.
Step 4 : Decide on the winners of each of the the bounty programs via a panel of technical industry leaders and judges.
The change it will make in the industry :
I believe that after doing this, the decentralized space and development will be much more mature and will move to a next technical level as more minds will join the journey and provide everyone with secure, open source contacts and tools.
I believe we must make this program happen if we want to overcome the growing pains the industry experiencing now and going forward towards mainstream adoption. One step closer to a decentralized and free internet.
How to join the effort ?
- Update : companies that join signed :
— web 3 foundation
— parity
— adex
you are welcome to join us and be part of this effort and to build a secure , mature and established decentralized future together .
thanks for reading
yonatan
