Oddbean

two days in a row this community has shown how ignorant they are to developers and their struggle in the bitcoin/nostr ecosystem. the beauty of bitcoin is that even if you only care about ngu, you are financially incentivized to support the open source developers working on it. the number can't keep going up if it doesn't continue to exist. saylor is just a dipshit and hasn't seen this yet. fwiw i don't think saylor is a good actor in this space. i personally know odell and know that he really does care about the developer community within this space. whether he has a for-profit company that benefits on bitcoin's continuing to exist or not, it is in his own benefit, as well as this whole community's, to support the developers working on this technology that is changing the world. that could be financially or just with a handshake and an attaboy; it all matters. those suggesting otherwise should really consider whether they are really doing anything for the community. if they really want to fight against what they see as bad actors in the space, then be the PR you want to see in the world. #learntocode nostr:nevent1qy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyz8gwz0wn6ykhv0wqtw79u9nled3rz7whrs252nhmq96yskpch6022e8kp4

afaik they are very open about who's on the board and who has control over how funds are distributed. Odell is a single voice among like 12 or something. if there is overlap in ten31 investment and opensats grant recipients, perhaps it's because they are important projects led by competent individuals.

I think they are N of M federation where they can vote in and out new members. 4 of 7 i think. Good to remove conflicts of interest. They need a bit more technical expertise in project selection too, IMHO.

Ok, well I dont know anything about this. I should research more. All I am saying is that when a developer says "im burnt out", it sounds "meh", that's like code speak for "i got shot" or "I got raped". What it looks like to me is that he's hurting and being kicked when he's down. Not saying he made no mistakes. Im just offering a perspective.

I think the idea is ten31 invests in companies. then opensats could also give money to those same companies. the opensats money, since it comes from a 501c3, comes with tax benefits in the US. it'd also be a way for ten31 to support the companies in their portfolio without increasing their risk in an early stage startup.

no. that's the thing. there is I think person from ten31 who is on the board of opensats. the guy who started opensats haha and if there is an overlap in companies, then it's minimal. much of opensats goes to developers, not usually companies.

I’m open to being wrong about Odell but holy shit you gotta provide some decent evidence. Throwing out a 30 second sound clip from a podcast where Odell says nothing is dumb. He could legitimately be trying to save face for Michael Saylor. What is left for Odell to argue publicly about with Saylor if ark committed to donating anyway? I think it’s much more reasonable to assume that Saylor changed his mind and told ark to support open sats.

yeah that sounds reasonable. let's be clear here, i am not the one criticizing odell. i don't think anything untoward is going on. i was just explaining what i think some people's concerns might be.