Gitcoin Launches Today, Pushing Open-Source Forward With Cryptocurrency Bounties
Eventually (if you aren't already), you will be paying for your morning coffee through a cryptocurrency. Unless you brew it yourself, in which case you might be ordering your coffee pods online and paying for it with — you guessed it — cryptocurrency. It doesn't matter which one. We will soon pay for things and be paid in crypto. Pending that revolution of totality when it comes to our financial system, there are shades of this future economy already. Take Gitcoin, launching today. Gitcoin is the AirBnb of software development. The Lyft of launching code into the world. It combines your two favorite things: Github and Ethereum.
This bounty system is where a lot of pay-for-work services are most likely headed. Instead of having a third party in-between the subject matter expert and the work, the work and the subject matter expert are matched and paid within the same system. While this might not work for tacos, it also might work for tacos. The Gitcoin platform augments existing Github accounts, then provides custom portfolios that match a coder's existing work. Coders, developers, programmers can then monetize open-source work and get paid in Ethereum tokens through Smart Contracts.
Gitcoin is a fairly intelligent use of blockchain technology, something that more industries outside the strictly technical will be heading in short order. Coders will be paid independently through the platform, kind of like how Uber drivers are paid for ride-shares, just without the systemic misogyny. With Ethereum tokens, all payment rights can be enforced via Smart Contract, so that limits the risk to the developers and programmers themselves. To add a little sugar to the cupcake, Gitcoin gives coders a platform to assign value to their work (don't price yourself out of range though), grow the open-source community and participate in global revolutionary projects — like Gitcoin.
It should also be mentioned that Gitcoin is a self funded project and it is also using Gitcoin Bounties to build Gitcoin. Founded by Kevin Owocki, a veteran of open-source software and technology startups, Gitcoin was birthed from a love of the open-source community and disruption, with the needs of a decentralized monetization system in mind. Says Owocki in a press release, "by combining blockchain technology with coding tools, Gitcoin disrupts the way software engineers find and monetize their work."
Gitcoin is live now and ready to start pairing coders, developers, engineers and programmers with projects from all over the world to be paid in sweet, sweet Ethereum. Pushing open-source forward is the goal, cryptocurrencies are the future economy and it is all going to be built on the back of millions of lines of code. So get to programming.