“Open-source software is often developed by many programmers who volunteer their skills. Some developers have found ways of getting compensation for their work via crowdfunding on Kickstarter or on BountySource.com, a platform specifically for funding open-source software development. Mr. Johnston believes that Bitcoin may be another and, possibly, better way of sponsoring open-source development. ‘It’s a new way to monetize open-source,’ he said. Mr. Johnston said he expects his group to back 20 more open-source software projects this year that rely on Bitcoin. This wave of projects may end up competing with incorporated companies, many backed by venture capitalists.”
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