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I did some poking too. It seems like they were puttering along with some donations ($165000 in 2018, $275000 in 2020)[1]. 2021 all of sudden they got 10 mil
by acomjean 3y ago
I did some poking too. It seems like they were puttering along with some donations ($165000 in 2018, $275000 in 2020)[1]. 2021 all of sudden they got 10 million dollars..it was crypto donations from artists..[2]so who knows what it’s worth now, if they’ll see another windfall. I can see an organization being befuddled (they hired a finance person). [2]
It makes sense a founder being upset the tech side isn’t getting more benefit. It’s not a good look. Hopefully they can manage it better.
[1]https://projects.propublica.org/nonprofits/organizations/460830259 https://projects.propublica.org/nonprofits/organizations/460...
The funding update article:
“The majority of the donations in 2021 came from artists donating cryptocurrency to the Processing Foundation.”
[2]https://medium.com/processing-foundation/processing-foundation-funding-update-94cddb25a3d9 https://medium.com/processing-foundation/processing-foundati...
- ozr 3y agoAnd, of course, now they aren't accepting crypto anymore to reduce their environmental impact. Too much authority being given to people that aren't doing things.
- thrown37291 3y agoThey still have crypto wallets accepting donations, Tezos and Ethereum do not have environmental impact today. The blog post was written before the merge.
- whywhywhywhy 3y ago> Hopefully they can manage it better. Why would I want them doing anything after seeing what they've done so far?
- robertlagrant 3y ago> It’s not a good look The look isn't the issue. The fundamental substance is what counts, and it seems terribly mismanaged to not spend most of this money on development and documentation, both of which scale extremely well.
- jdboyd 3y agoThat same document said their policy is to convert crypto to USD, so presumably they didn't suffer from later crashes.