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."
$136 is an insult. I'd ignore it, too.
No sig today...
I would think that "... just don't want to deal with Bitcoin" is spot on. For the small amount of money they will be getting, it's not worth the time.
A morning's worth of developer wages collected over half a year? Plus it's not money, the effort to get that converted into money is probably more than a morning. Why bother?
Just because it has the keywords "Bitcoin" and "Linus Torvalds" in the headline - it doesn't really mean its "news".
"I know, let's set up a tip service that's totally unrelated to what you're tipping for, has no input from the people you're tipping and provides the tips in a currency that half the recipients either won't want or don't care about"
Gee, a service I have never heard of before is saying that maybe I have a valuable stash of bitcoins given to me by grateful users of my OSS project and that for a small fee they would be happy to liberate it for me for a tidy profit. Where have I heard this before?
Why aren't /. readers collecting the virtual unicorn horns I left for them on my website?? Don't they appreciate the gesture and realize the value they're leaving on the table??
I'm not interested in Bitcoin either, but let's be fair. No fiat currency has any intrinsic value either. In the case of the US$, it hasn't been backed by anything of material value for a long time, since we went off the gold standard.
True but US currency is backed by the "full faith and credit" of the US federal government, a body worth $66.07 trillion (http://en.wikipedia.org/wiki/Financial_position_of_the_United_States) versus Bitcoin, which is backed by mathematics and some currency speculators.
- Vincit qui patitur.
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?