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Open Source Sustainability in The Blockchain Era by Kevin Owocki, Gitcoin @ CoinFund Rabbithole Talks

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March 26, 2019 @ Distributed Global - Rabbithole Talks is a monthly CoinFund meetup, focused on doing deep dives into innovative token economics and technical design decisions for interesting blockchain-based projects.

Open Source Sustainability in The Blockchain Era by Kevin Owocki

Open source powers billions of $$$ in economic value for the world. Billion dollar companies are built on Open Source Software. Why, then, is Open Source often built on the backs of volunteers? Why does Open Source lack a business model? Blockchain technology has the potential to solve the age-old problem of Open Source Sustainability. If we value Open Source Software, and with blockchain, we can program our values into our monetary system, can we build a new developer ecosystem that values Open Source Software? In this talk, Gitcoin's founder, Kevin Owocki, will explore the emergent blockchain Open Source Ecosystem, and share insights from the millions of $$$ of OSS transactional value that the Gitcoin network has facilitated.

Kevin Owocki is the founder of Gitcoin, a platform that gives Open Source software developers the opportunity to build, collaborate, and thrive in the emerging blockchain ecosystem. Kevin has a BS in Computer Science, 10 years of engineering leadership experience in startups and Open Source Software, and is a community organizer in the Boulder Colorado Tech Scene. You can find out more about Gitcoin at https://gitcoin.co and Kevin on his personal website : https://owocki.com

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Open Source Sustainability in The Blockchain Era by Kevin Owocki, Gitcoin @ CoinFund Rabbithole Talks

  1. 1. OSS Sustainability in The Blockchain Era A New Hope
  2. 2. Hi!
  3. 3. @owocki@owocki I’m here to talk about Open Source.
  4. 4. @owocki@owocki I’m here to talk about Open Source.
  5. 5. Who Cares?
  6. 6. Who Cares? Software Developers Data Scientists Designers TLDR - People You Need to Surround Yourselves W ith to Build a Digital Product
  7. 7. But there is a problem.
  8. 8. @owocki@owocki This is cool, Thanks for your work! It’s cool, but can you make it do this? Quit Quit Why haven’t you fixed it yet?
  9. 9. @owocki@owocki Time Burnout Create Value Learning Life as a Maintainer
  10. 10. How do we solve this problem?
  11. 11. @owocki@owocki How do I #FUNDL my projects?
  12. 12. What has been tried before? Asking Cloud Hosting Platforms nicely to pay for their massive use of Open Source.
  13. 13. Donation Buttons SaaS Copyleft + paid license Get hired Bounties Open core Side project while employed Crowdfunding (1x/recurring) Foundations Grants Merchandise VC Consulting Sponsorships Restricted license Paid support What has been tried before?
  14. 14. @owocki@owocki
  15. 15. We can do better
  16. 16. @owocki@owocki But @owocki, I don’t have any hope this will change.
  17. 17. Organizing Principle Catalyst Mantra web2 Don’t be EvilFirm web3 Can’t be EvilNetwork The shift to Web3
  18. 18. 1. We value Open Source maintain. 2. With programmable money, we can program our values into our money. 3. We can make Open Source profitable to maintain.1 ST PRINCIPLES 1. There’s $100 billion - $900 billion in market cap. 2. Everyone needs Devs. 3. Everything is increasingly built Open Source / Remote. 1. The internet brought us 1000x usage of information services (IM, Email > USPS) 2. The blockchain can bring us 1000x usage of financial services (??? > Old Tools) 3. What is the breakthrough application for finance? Design Space : Blockchain + Open Source
  19. 19. This is the design space that we work on at
  20. 20. thx= The Dream
  21. 21. Kevin (Funder) $$$ Access Coders Double Sided Market $$$ from the EF/ECF/Consensys Dev Community
  22. 22. Nov 2017 Launch 350+ Funders 19,000+ Developers 3,300+ Transactions to 760 unique coders gitcoin.co/results Results TOTAL PLATFORM VALUE $1mm(ish)
  23. 23. Results Our “Mesh Network of Human Beings” Nov 2017 Launch 350+ Funders 19,000+ Developers 3,300+ Transactions to 760 unique coders
  24. 24. Here are five options I’m very excited about. <examples>
  25. 25. 0. Benevolent Billionaires - Funded by billionaires & corporations - Rely on hope for common good. - millions in investment - Governance: Capture; Not always so benevolent
  26. 26. @owocki@owocki@owocki 0. Benevolent Billionaires
  27. 27. 1. MolochDAO - Minimum Viable DAO - Donation based - Membership/Proposal based - Simple Majority - Raised $275k so far. - Governance: Ragequits provide an exit path.
  28. 28. 2. MicroDonations - Build Donations into Wallets - 1000x use case of blockchain. - Only affects wallets - Could raise $2mm/year - Opt In
  29. 29. 3. Inflation Funding - EIP 1789 - (Disclosure: I am the Author) - Inflation Funding for OSS - 10% increase in block rewards takes us from 4% => 4.4% inflation - Could fund up to $100m or 1000 devs / year (bear market) - Problem: Governance
  30. 30. 4. Provides recurring, passive revenue from non-tracking contextual ads. > 100 publishers> $15k MRR 1mm+ impressions monthly
  31. 31. - Decentralized Patreon - Recurring Revenue for OSS Projects - Uses EIP 1337 5. - Raised $110k so far - No Governance Issues
  32. 32. Matching Funding for OSS Constrained Capital Liberal Radicalism (CLR) + Grant Matching + More contributed to OSS =
  33. 33. @owocki@owocki@owocki How CLR Works
  34. 34. How CLR Works The amount received by each project is ~ the square of the sum of the square roots of contributions received
  35. 35. How CLR Works CLR is mathematically optimal* for finding out which projects people care about. * read Radical Markets by Glen Weyl!
  36. 36. @owocki@owocki@owocki Round 1 ($25k): February 2019
  37. 37. There’s still time to get your contributions matched by 4/19 Gitcoin.co/grants
  38. 38. </examples>
  39. 39. @owocki@owocki 1985 -FreeSoftw are Foundation Founded 1990s-LInux Em ergesto com pete w ith M icrosoft 2009 -Bitcoin W hitepaper 2013 -Ethereum W hitepaper 1993 - Red H at Founded 2000 - Linux Foundation Founded 2012 - Coinbase Founded The Rich History of the Fight for the Open Internet
  40. 40. @owocki@owocki
  41. 41. @owocki@owocki 1985 -FreeSoftw are Foundation Founded 1990s-LInux Em ergesto com pete w ith M icrosoft 2009 -Bitcoin W hitepaper 2013 -Ethereum W hitepaper 1993 - Red H at Founded 2000 - Linux Foundation Founded 2012 - Coinbase Founded The Rich History of the Fight for the Open Internet
  42. 42. @owocki@owocki 1985 -FreeSoftw are Foundation Founded 1990s-LInux Em ergesto com pete w ith M icrosoft 2009 -Bitcoin W hitepaper 2013 -Ethereum W hitepaper 1993 - Red H at Founded 2000 - Linux Foundation Founded 2012 - Coinbase Founded The Rich History of the Fight for the Open Internet
  43. 43. @owocki@owocki 1985 -FreeSoftw are Foundation Founded 1990s-LInux Em ergesto com pete w ith M icrosoft 2009 -Bitcoin W hitepaper 2013 -Ethereum W hitepaper 1993 - Red H at Founded 2000 - Linux Foundation Founded 2012 - Coinbase Founded The Rich History of the Fight for the Open Internet You are here
  44. 44. What would the world look like if open source was sustainable, even profitable?
  45. 45. @owocki@owocki thx @owocki / kevin@gitcoin.co

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