Would Linus Torvalds Please Collect His Bitcoin Tips?
jfruh writes "Tip4Commit is a new service that allows anyone to link a tip for a developer to GitHub commits for open source projects. The tips are denominated in Bitcoin — and it appears that some developers aren't interested, with almost 40% of the total value tipped going uncollected. One dev who hasn't collected his $136 in tips is Linux inventor Linus Torvalds. It's not clear if the devs who aren't collecting their tips are opposed to the concept of tipping on open source projects or just don't want to deal with Bitcoin."
$136 is an insult. I'd ignore it, too.
No sig today...
lol...
that's all.
Gee, a service I have never heard of before is saying that maybe I have a valuable stash of bitcoins given to me by grateful users of my OSS project and that for a small fee they would be happy to liberate it for me for a tidy profit. Where have I heard this before?
So if you give any donation, it takes 69 commits before even half of your donation is distributed. And then another 69 commits before half of the rest gets distributed.
So if you are a developer in a large, fast-moving project, you'll receive very little because it will be distributed among many people, and if you are dominating a small project, you'll receive very little because Tip4Commit will hold onto most of the donations for a very long time.
What's the betting that the site will one day suddenly disappear, taking all the outstanding donations which happen to be on their accounts with them?