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The planet wants Vinteum as a result of “we need developers from all over the world to build this global internet-native money.” What is Vinteum? In the post announcing the organization’s existence, they describe themselves as “a non-profit Bitcoin research and development center dedicated to supporting Bitcoin developers in Brazil and the wider Latin America region. We will train and fund open source developers to work on Bitcoin and the Lightning Network.” 

Our group will practice and fund Brazilian open supply builders to work in probably the most revolutionary applied sciences of our time. We want builders from all around the world to construct this world internet-native cash.

— Vinteum (@Vinteum_org) August 10, 2022

To illustrate their motive to be, Vinteum quotes Spiral’s Steve Lee “on an episode of Stephan Livera’s podcast.”

“I think the right way for open source development funding and organization is a 10 by 10 model. 10 organizations of 10 people, where each organization is independent. Independent funding, independent leadership… other projects might have more of a 1 by 100 model, where it’s just a centralized entity that has a huge budget, and I think that’s the antithesis of Bitcoin and how it should be done.”

Independent organizations growing and funding expertise from all around the world. What an idea.

About The Need To Fund Developers And Vinteum’s Role

Currently, bitcoin’s market capitalization is at $465B, give or take. With all of that worth at stake, and all the worth that’s coming, the community’s improvement needs to be high precedence. However, bitcoin is actually decentralized. That means, there’s not one basis ensuring that the code evolves as deliberate. More importantly, there’s no assured funding for stated builders to have the ability to deal with bitcoin full-time.

This is the place Vinteum is available in:

“We need talent. Bitcoin development funding has improved, but we still face lots of challenges, especially with regard to building a robust recruiting pipeline. That’s why it is important that we not only fund developers but also develop programs and educational efforts to teach developers about Bitcoin and onboard them into Bitcoin development.”

That’s proper, the group will develop and adapt education schemes to organize the following technology of Brazilian bitcoin builders. 

“The first thing we’ll do is adapt Chaincode Labs Seminar’s curriculum and start cohorts in Portuguese so Brazilian developers can interact with each other and learn in groups. If you’re a developer interested in learning more about how Bitcoin and Lightning work, we’re now accepting applications.”

The People Involved In Vinteum

In parallel to letting the world find out about their existence, Vinteum introduced its first grantee. Bruno Ely Garcia was beforehand supported by Brink and was one of many builders who evaluation Taproot, bitcoin’s first major upgrade since 2017. Besides the Vinteum grant, Ely Garcia will be a part of the group as Director of Education. The developer told Portal Do Bitcoin:

“Being able to focus all your forces on Bitcoin is very good, it gives me the feeling that I am now fulfilling a mission! That’s what I want because it’s a career that brings together two passions: programming and Bitcoin.”

Vinteum is the brainchild of Lightning Labs’ Lucas Ferreira, a developer and a Bitcoin Twitter staple, and André Neves, co-founder of bitcoin gaming big Zebedee. About his associate, Ferreira instructed Portal Do Bitcoin:

“André, being a living example of what this model can generate, seemed to me the ideal person to join me in this project”, explains Ferreira. In 2018, André was a part of the primary class centered on Lighting Network at Chaincode Labs, a New York-based bitcoin analysis group well-known for the seminars it promotes.”

If you are fascinated about doubtlessly contributing to Bitcoin and the Lightning Network, however really feel you do not have sufficient technical understanding of how they work, apply for our seminars! We’re following the @ChaincodeLabs curriculum and we’ve some nice mentors within the pipeline!

— Vinteum (@Vinteum_org) August 10, 2022

For his half, Ferreira talked about the necessity to deliver “more geographic diversity to this talent pool, people who will understand the needs of their regions and will keep that in mind when developing Bitcoin.” This is a vital a part of Vinteum’s motive to be. Brazil and Latin America would possibly at the moment be underrepresented in bitcoin improvement, however that’s about to vary.

BTC worth chart for 08/11/2022 on Bitstamp | Source: BTC/USD on TradingView.com

Where Did The Money Come From

If bitcoin is decentralized, the place did the cash for Vinteum come from? Ferreira instructed Portal Do Bitcoin:

“Getting the funds was really hard work. We had to put together a deck explaining the idea and sell this project to potential donors. I went after my network and so did André, and we were raising the funds.”

In the tip, Vinteum informs, the “philanthropic donations” got here from “John Pfeffer, Wences Casares, Sebastian Serrano, Okcoin, and the Human Rights Foundation.” Other contributors have been, “Casa for providing us with state-of-the-art Bitcoin custody and Voltage for provisioning our Lightning Network node infrastructure.”

Kudos to these organizations and people for understanding the significance of funding bitcoin improvement all around the world. United we stand.

Featured Image: Vinteum emblem from their website | Charts by TradingView