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Bitcoin Linux

Would Linus Torvalds Please Collect His Bitcoin Tips? 231

Posted by timothy
from the just-keeping-them-backed-up-on-the-internet dept.
jfruh writes "Tip4Commit is a new service that allows anyone to link a tip for a developer to GitHub commits for open source projects. The tips are denominated in Bitcoin — and it appears that some developers aren't interested, with almost 40% of the total value tipped going uncollected. One dev who hasn't collected his $136 in tips is Linux inventor Linus Torvalds. It's not clear if the devs who aren't collecting their tips are opposed to the concept of tipping on open source projects or just don't want to deal with Bitcoin."
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Would Linus Torvalds Please Collect His Bitcoin Tips?

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  • Value (Score:5, Interesting)

    by Joce640k (829181) on Thursday January 30, 2014 @10:30AM (#46109547) Homepage

    $136 is an insult. I'd ignore it, too.

    • Re:Value (Score:5, Insightful)

      by wisnoskij (1206448) on Thursday January 30, 2014 @10:36AM (#46109633) Homepage

      And the ridiculous part is this is for Linus himself. Obvious a lot of the money goes uncollected, is sounds like most of the devs who get tips probably don't even have 5 bucks yet.

    • Re:Value (Score:4, Insightful)

      by beltsbear (2489652) on Thursday January 30, 2014 @10:41AM (#46109733)

      Yes, I am into Bitcoin and as long as I knew it was not going to be taken by someone else I might not rush to move it either. I might wait until it gets up to a couple hundred. This is really not a necessary Bitcoin story as we have so many others.

      • Re:Value (Score:5, Insightful)

        by gbjbaanb (229885) on Thursday January 30, 2014 @11:18AM (#46110205)

        I guess they could implement a "not for me, pass it along to EFF or other charitable body" option on the recipient's end for those who don't care to bother with their tips.

    • Re:Value (Score:5, Insightful)

      by Anonymous Coward on Thursday January 30, 2014 @10:42AM (#46109741)

      All it took was $136 to get an advertisement on the front page of Slashdot and other geek news sites. Pretty good ad for a startup nobody has ever heard of.

      • Re:Value (Score:5, Insightful)

        by Burning1 (204959) on Thursday January 30, 2014 @11:23AM (#46110263) Homepage

        The front page of Slashdot just doesn't have the value it used to have.

        • I would bet that it does still have the same value, for everyone except investors, who bought it expecting massive growth. The main difference between a decade ago is that other news sources have grown up and gotten more attention. But Slashdot still has the #1 place among programmers.

          I estimate this because of #1, the number of comments on articles hasn't really gone down from a decade ago, and #2, Slashdot seems to be having no trouble finding ads to put on the page.

          Of course, if the beta comes out,
          • by morgauxo (974071)

            Digg and redit are too big of time syncs. If I go there I'm "stuck" for way to long, too much to see. Slashdot is more the right size for me.

    • by hodet (620484)

      He probably loses money wasting time collecting that dust.

    • by synapse7 (1075571)
      Maybe it is 136 bitcoins?
      • by Desler (1608317)

        Nope they haven't even amassed 4 bitcoins in donation.

        Tip4Commit supported 337 GitHub projects, for which 9,076 tips have been earned (a tip is earned when a pull request for a commit on a supported project is accepted), totaling about 3.34 (worth about $2,650 at today's Bitcoin exchange rate of $793.20).

        This is just an advertisement for some no-name trying to ride Linus' coattails for publicity.

    • The question to me is, was this a $2 tip left 3 years ago?

      I sold a copy of software for 1 bitcoin back in mid-2012, worth $5 at the time. I sold said bitcoin in mid-2013 for $125, not a bad gain, but of course I would have done 1000% better to go stand at a cash register and say "you want fries with that" for the time spent writing the software in 2012, put all the income in bitcoin and sold in late-2013 instead.

      Anybody got that crystal ball thing figured out yet?

    • Re:Value (Score:4, Insightful)

      by wonkey_monkey (2592601) on Thursday January 30, 2014 @12:27PM (#46111121) Homepage

      $136 is an insult.

      How on earth can it be an insult? Or, to put it another way, how could it be more insulting than $0, which is the amount people have to pay to get access to the work?

  • by Anonymous Coward

    I think he'd be all over that if it was $136,000....

    Stop making everything about Bitcoin, please.

  • Nah. (Score:5, Insightful)

    by WizardFusion (989563) on Thursday January 30, 2014 @10:31AM (#46109571)
    I would think that "... just don't want to deal with Bitcoin" is spot on. For the small amount of money they will be getting, it's not worth the time.
  • 136 dollars? (Score:5, Insightful)

    by Kardos (1348077) on Thursday January 30, 2014 @10:34AM (#46109603)

    A morning's worth of developer wages collected over half a year? Plus it's not money, the effort to get that converted into money is probably more than a morning. Why bother?

    • A mornings worth?
      More like an hours worth.

  • Robotic News (Score:5, Insightful)

    by bradgoodman (964302) on Thursday January 30, 2014 @10:35AM (#46109615) Homepage
    Just because it has the keywords "Bitcoin" and "Linus Torvalds" in the headline - it doesn't really mean its "news".
    • by Kjella (173770) on Thursday January 30, 2014 @10:37AM (#46109655) Homepage

      Just because it has the keywords "Bitcoin" and "Linus Torvalds" in the headline - it doesn't really mean its "news".

      Oh, they seem happy enough to publish anything wtih a 50% hit rate on that. And I'm stupid enough to click the 2342564354th Bitcoin story and leave a comment, so shame on me.

    • Just because it has the keywords "Bitcoin" and "Linus Torvalds" in the headline - it doesn't really mean its "news".

      Personally, I've been finding lately that if it has the word "Bitcoin" in the headline, chances are that it's actually "anti-news" -- it actually sucks away collective "news-worthiness" from any site it appears on.

      In all seriousness, the Slashdot editors and a lot of people around here must be invested in Bitcoin and banking on all the speculation going on. The strongest correlation to Bitcoin's value seems to be the amount of media attention it receives. The daily Bitcoin story here is getting ridiculo

  • bitcoins... (Score:2, Interesting)

    by mythix (2589549)

    lol...

    that's all.

  • Genius (Score:5, Insightful)

    by Spad (470073) <slashdot@sp[ ]co.uk ['ad.' in gap]> on Thursday January 30, 2014 @10:36AM (#46109641) Homepage

    "I know, let's set up a tip service that's totally unrelated to what you're tipping for, has no input from the people you're tipping and provides the tips in a currency that half the recipients either won't want or don't care about"

    • by pla (258480)
      "I know, let's set up a tip service that's totally unrelated to what you're tipping for, has no input from the people you're tipping and provides the tips in a currency that half the recipients either won't want or don't care about"

      If only people from your local area want to tip you - Great! You have it absolutely right, just do it in the local currency.

      Not too many people want to pay their bank's BS foreign exchange fees to leave (the equivalent of) a dollar in the tip jar, though, nor do most people
      • That said, others have already pointed out the biggest problem here... $136 for the single biggest name in Open Source (even before RMS, I dare say)??? Just... Wow. I wouldn't bother giving out my contact info to collect such a pittance either.

        On the other hand, it's a relatively new kind of transaction provided with a "currency" associated with illegal activity and scam artists. If I got some sort of notification by email informing me that I'd received $136 and I could collect it in bitcoins by signing up to some service-- well, I'd hope that email would be filtered out as spam before I ever saw it.

        That doesn't mean it's a completely terrible idea.

        • a "currency" associated with illegal activity and scam artists

          Are you describing cash?

          • by tftp (111690)

            Percentage-wise, cash is used primarily for legal activities. Its role is diminishing with proliferation of alternative payment instruments (plastic, checks, online transfers, Bill Pay services) but so far cash has plenty of legitimate uses.

            On the other hand, BTC shines in gray economy, where you need to pay online but do not want your identity to be known. See the case of BitInstant - the exchange was heavily dependent on Silk Road. BTC is either pointless, or inconvenient, or financially unattractive t

    • by Kaenneth (82978)

      Back when PayPal was a new thing I thought it seemed cool, and I had gotten a small windfall of money, I sent some unsolicited 'tips' to a few of the early webcomics that I enjoyed.

      In response, a couple of them thanked me on their front page, and posted an address if anyone else wanted to donate.

      Other webcomics soon copied (or thought of independently) and donate buttons quickly proliferated.

      That was also the last thing I used PayPay for, as they quickly turned evil.

      Bitcoin, at least, isn't run by a corpora

  • by Chemisor (97276) on Thursday January 30, 2014 @10:36AM (#46109643)

    Gee, a service I have never heard of before is saying that maybe I have a valuable stash of bitcoins given to me by grateful users of my OSS project and that for a small fee they would be happy to liberate it for me for a tidy profit. Where have I heard this before?

  • Unicorn Horns! (Score:5, Insightful)

    by rockmuelle (575982) on Thursday January 30, 2014 @10:57AM (#46109965)

    Why aren't /. readers collecting the virtual unicorn horns I left for them on my website?? Don't they appreciate the gesture and realize the value they're leaving on the table??

    • by dkleinsc (563838)

      In at least a few cases, they may have tried to pick them up, and realized they couldn't because only virgins can touch unicorns.

  • by Janek Kozicki (722688) on Thursday January 30, 2014 @11:07AM (#46110087) Journal
    give a link to this friggin' BTC address, for example on blockchain.info (that's the only interesting piece of information here), apart from that it's a joke news.
  • by Kaptain Kruton (854928) on Thursday January 30, 2014 @11:21AM (#46110245)

    I don't know much about tax laws and financial laws other than they can often be complex and confusing. I suspect the complexity grows substantially with non-profit organizations (such the Linux Foundation, in which Torvalds is a key person). Perhaps by accepting tips for what is essentially his job, he is opening up a can of worms that he doesn't want to touch.

    That is just wild speculation, though.

  • by Anonymous Coward

    So if you give any donation, it takes 69 commits before even half of your donation is distributed. And then another 69 commits before half of the rest gets distributed.

    So if you are a developer in a large, fast-moving project, you'll receive very little because it will be distributed among many people, and if you are dominating a small project, you'll receive very little because Tip4Commit will hold onto most of the donations for a very long time.

  • You will get your money when your balance hits the threshold of 0.00100000

    95% of deposited funds will be used to tip for new commits.

    each new commit receives 1% of available balance

  • Disappearing act? (Score:5, Interesting)

    by Captain_Chaos (103843) on Thursday January 30, 2014 @02:01PM (#46112121)
    What's the betting that the site will one day suddenly disappear, taking all the outstanding donations which happen to be on their accounts with them?

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