Old news that I just happened upon. Open Collective manages donations for many open source projects. Their reasons for discontinuing crypto supports are all problems that XMR fixes.
So frustrating when people throw the baby out with the bath water here. Imagine Henry Ford with his Model-T.
You have to inflate the tires? You have to keep filling it with gas all the time? Only 10MPH? Yeah no thanks, we’re banning your “auto mobile” project, this would never work.
This isn’t even a good metaphor considering XMR already exists as a solution.
fwiw Open Collective still manages crypto funds/grants for projects, I just saw this recently: https://blog.orhun.dev/open-source-funding-with-ratatui/ the Ratatui project set up a Open Collective to handle donations from the “DRIPS network” crypto
edit: also just looked more at the blog’s site and at the donation page
Cryptoonly has Monero ;) https://donate.orhun.dev/ love it @[email protected] !Great read! Love the documentation style.
The donation address being a QR code only makes it annoying to do on a phone. (Share to QR reader then copy address, adds a lot of friction)
@rafael_xmr @edisondotme Haha, thanks!
I think our case was a bit special due to the fact that we explored this option together with OC. They might update their documentation to officially support it soon.
That is awesome, thank you for the write up and setting the precedent with an open mind!
Their initial reasoning makes sense, with their crypto earnings being only 1.4% of the total usage, while technically having to manage the services to handle incoming payments for all different asset, and all mainstream coins having traceability as a feature making dealing with it way more complicated, so if they looked at it impartially and not politically biased they should definitely consider having a Monero only option by default, which curiously was also missing from the initial implementation, where I can send money I purchased, received or mined and no one can ever receive “tainted funds” but rather just receive digital cash, as like cash it is money that can move from various different hands without a trace, which then can all be equally spent to pay developers, goods, services, etc. and not face risk of what the real origin of funds is. It should come with the intent to be a saner option for payments rather than accepting many coins at once just for the sake of accepting it.
but I hope the Drips approach has success
Wut? They stopped accepting crypto. So you have a link at OC that says otherwise?
As per docs they removed this option for individual users to contribute using crypto as a payment method: https://docs.opencollective.com/help/financial-contributors/crypto but they still manage crypto assets, as shown by the recent Ratatui invoice paid by the “drips network” https://opencollective.com/ratatui/contributions/751695
How do you get them if not through contributions tho?
it was explained in the blog post I shared, but Ratatui’s share come from this: https://www.drips.network/app/drip-lists/34625983682950977210847096367816372822461201185275535522726531049130 so the Radicle project decided to split a certain value between all dependencies the project uses, and “Drips” is an ethereum based contract that is supposed to distribute a percentage to each projects “address” but in this case how I think it’s working is OpenCollective is the one holding the keys to the address that the smart contract sends funds to, so they basically collect the amount earned and send it to the project’s owner in this case Ratatui, otherwise that would be “lost” if no one were to claim those funds, and if Drips is contract based it means there is no one holding and distributing the rewards so this is why you have to claim the funds from the contract, and it’s why it’s not a direct contribution in my mind but also the difference is the previous support to crypto was native in the OpenCollective app and this is what is now disabled, but this is just an example of them receiving and holding funds via crypto means still
The major issue is the low market share of crypto and the higher effort required to get USD. If you want USD, Monero can not fix this. So whenever you can offer your goods and services in XMR natively to lesser the dependence on fiat ever so slightly.
Yeah that was like a year ago.
They didn’t say why, but I think the risk was money laundering. Like creating a project and you yourself donating to it.
