29 Mar '16, 8pm

MIT announces $900,000 Bitcoin developer fund

The MIT Media Lab is continuing its support of Bitcoin research, announcing yesterday a new $900,000 developer fund that furthers the mission of its year-old Digital Currency Initiative. That mission, in a nutshell, is open-source development work on the Bitcoin currency. While the fund is largely intended for three leading Bitcoin Core developers who joined the Media Lab last April, it could also support other cryptocurrency experts if there is a demonstrated need. "First we'd look at their technical contributions to Bitcoin," says Brian Forde, Director of the DCI. "Then we'd like to understand what might prevent them from continuing to do their work: Lack of funding, institutional support, et cetera." You might be wondering why an institution like the MIT Media Lab is interested in Bitcoin in the first place. The biggest reason is blockchain technology--the underlying te...

Full article: http://www.inc.com/ilan-mochari/mit-media-lab-bitcoin-dev...

Tweets

MIT Announces $900,000 Bitcoin Developer Fund

inc.com 29 Mar '16, 7pm

The MIT Media Lab is continuing its support of Bitcoin research, announcing yesterday a new $900,000 developer fund that f...

MIT's Digital Currency Initiative Establishes $...

cryptocoinsnews.com 30 Mar '16, 9am

One of the most remarkable benefits of this fund is the overall positive impact that it could have on Bitcoin as a whole, ...

Fred Wilson, Reid Hoffman Back MIT's $900k Bitcoin Developer Fund

Fred Wilson, Reid Hoffman Back MIT's $900k Bitc...

coindesk.com 28 Mar '16, 6pm

MIT announced today it has raised $900,000 to fund the work of three bitcoin developers. The Bitcoin Developer Fund, backe...

via @BrianForde

via @BrianForde

medium.com 28 Mar '16, 1pm

Announcing a $900,000 Bitcoin Developer Fund (click to tweet ) When we started the Digital Currency Initiative (DCI) at MI...

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