A full-time Grin developer’s salary is not going well, and the founder expresses his disappointment

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2019-02-01 22:07 (UTC+8)

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Finally passed 40%.

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Finally passed 40%.

Grin founder Ignotus Peverell published an article entitled "Early disappointments" on the Grin forum, bluntly stating that he was disappointed with Grin's early ecological development. Ignotus Peverell put forward 3 conclusions and reflections in the article:

1. Grin is launched in a fair way as possible under the promotion of core developers;

2. At present, the only full-time developer of the project, yeastplume, has not been able to raise funds smoothly, and has only raised funds far below 10% of the plan;

3. If only "greedy self-enrichment" is the only thing that can be learned from it, then the blockchain industry deserves a long and hard winter.

According to the data, yeastplume, formerly known as Michael Cordner, is a person who has worked in the developer field for 20 years. Participated in the development of LondonArgonaut Games,CanadaNCRimage processing system, educational software in DublinRiverdeep Interactive Learning, also created aShakespeare In BitsEducational product series, etc. There has been a lot of work recently in the smart card and ID industry (same technology found in hardware wallets), reviewing and implementing cryptographic protocols (such as PACE-CAM, SCP03 for those interested in the details).

Yeastplume has been developing in the Grin community since May 2017, and its contributions include refactoring the wallet code to support further wallet usability and security features, starting to use the embedded wallet web interface, developing the Grin-Miner application and Cuckoo Miner library, tuning and maintaining mining plugins, updating fork of secp256k1 to support swap commitments, integrating Bullet Proof into Grin, and adding message rewind functionality to support wallet recovery, core work on PMMR implementation and storage format, Grin's TUI (text user interface, providing a real-time view of events happening in the server), performance improvements in several areas (especially in the output retrieval of the wallet), and such as configuration file infrastructure, logging, testing infrastructure, build maintenance, etc. Lots of important but trivial work.

Yeastplume said that he will continue to fix and improve, continue to improve the wallet and web wallet interface (including the complete JSON-RPC interface), wallet security issues, core code testing, bug fixes, PR review, etc. There will also be some work around governance and promotion of Grin, for example, if Grin or MW needs representation, he will attend meetings or meetups, give interviews externally, think about the governance model with the rest of the team, and perform any legwork required Jobs, similar to "brand ambassador" work, especially in vital fundraising efforts, blogging, website and publicity work as needed, etc.

This fundraising was for yeastplume's salary as a team developer, and the team decided that a fair salary for an experienced developer should be around $120,000. Yeastplume interprets that as 450 euros per day, about 9,000 euros per month, plus another 1000 to cover some travel expenses. The money will be paid monthly from the raised funds to yeastplume's own consulting firm, taxes (approximately between 40-50%) and the rest paid by yeastplume itself. According to Grin'sDeveloper Funding Policy, money will always be paid at the legal rate.