Unlike developers at Google, Facebook, or any other giant in Silicon Valley, Bitcoin developers don’t get paid a single cent. While this sounds harsh, that’s the reality of open source. The cryptocurrency’s creator, Satoshi Nakamoto, didn’t set up a foundation to support builders of his brainchild. In some senses, that’s what makes Bitcoin such a revolution and a miracle.
Due to this, Bitcoin development likely hasn’t been as fast as it should be. Dovey Wan, a venture capitalist at the crypto-friendly Primitive Ventures, is looking to change this with a new venture. Her latest push to catalyze the growth of the leading cryptocurrency comes after her partner at Primitive launched a $1 million scavenger hunt centered around BTC.