“People have to want to work on Monero; ideologically they have to find it interesting, and they have to see longevity in it,” says lead maintainer “FluffyPony”, a.k.a. Riccardo Spagni. He sat down with Bitsonline at the recent North American Bitcoin Conference in Miami, to discuss how the project keeps its community-based approach and still stay prominent.
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Old-School Software Project in the New Crypto World
Monero feels almost “old-school crypto” amid the ICO pitches and hype at BTC Miami 2018, so it was refreshing to hear talk of open source and “getting people to work for free” once again. That’s not to say Monero is hype-resistant, though — the humble software project is sitting on a $4.76 billion USD market cap. FluffyPony’s price-trolling tendencies aside, that’s serious business.
The project needs funding like any other, but it happens at a much more grassroots and community level. Monero forum members pitch their ideas in a post, and others pitch in. The funds are held in escrow and released when milestones are reached.
With Monero’s competitors holding token sales and sponsoring bus tours, can it stay famous? Spagni certainly thinks so.
Growth of the North American Bitcoin Conference
The North American Bitcoin Conference (TNABC) is regarded as the original major Bitcoin event in the USA, and possibly the world. Held annually in Miami every January since 2013, it staked that city’s claim as Bitcoin’s fun and business capital — growing from a few hundred bitcoin enthusiasts into a gathering of thousands, including several high-profile industry leaders. It’s a must-attend event on the blockchain calendar.
Produced by Dr. Moe Levin’s Keynote Events team, it now covers all disruptive blockchain technology issues — including smart contracts, ICOs, fintech, regulation and investment. TNABC also has international sister events, such as World Blockchain Forum in London.
Did you attend TNABC? Would you like to? Tell us all about it in the comments.
Images & video via Bitsonline