Bitcoin’s Patronage System Is an Unheralded Strength

Bitcoin’s Patronage System Is an Unheralded Strength

(Sonny Ross)

CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup.

A quietly important phenomenon has gained steam in the last few months. And I’m not referring to Grayscale all the new coins or Cash App’s bitcoin

Bitcoin’s patronage system – how future network development is funded – has gained unheralded strength, with many more entities signing on as sponsors. These groups recognize that sponsoring the core developers who keep the system running is profoundly important to keeping this public infrastructure moving ahead. 

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