Bringing security, interoperability, and a richer feature-set to Gitcoin’s smart contracts via Bounties Network Moving money is easier than ever before. This trend is likely to continue with the rise of virtual currencies like Bitcoin and Ether. It is becoming increasingly clear that we’ll be living in a future where “moving money is as easy as sending an e-mail is today.”
Moving money is easier than ever before. This trend is likely to continue with the rise of virtual currencies like Bitcoin and Ether. It is becoming increasingly clear that we’ll be living in a future where “moving money is as easy as sending an e-mail is today.”
“Live in the future, then build what’s missing.” — Paul Graham
In the future of fast transactions, we’ll want to govern the movement of money well. This is especially true for complex transactions, where human judgement is still required. Figuring out when money should move is still hard. Think about the below examples:
Standard Bounties aims to be the standard for tackling these questions across the Ethereum ecosystem. From the “Rationale” section of the Github:
Ethereum smart contracts can trivially facilitate transactions of resources (or tokens) between individuals or groups, but service transactions are more complex. Requesting individuals (issuers) must first approve the work they’re receiving before paying out funds, meaning bounty hunters must have trust that the issuer will pay them in the spirit of the original contract.
The StandardBounties.sol contract facilitates transactions on qualitative data (“deliverables”), allowing bounty issuers to systematically approve work received.
https://github.com/ConsenSys/StandardBounties
We believe there are many benefits to recognizing an open standard for bounty smart contracts on Ethereum:
https://github.com/ConsenSys/StandardBounties
With these philosophical reasons in mind, we are excited to announce the integration of Gitcoin and Bounties Network on the Standard Bounties smart contracts. This integration is live today, and allows for these contracts to be tested across a variety of test cases on two separate bounty platforms.
Gitcoin is focused depth-first on funding bounties for open source software projects, in line with the mission to “grow open source.”
Bounties Network is focused breadth-first,leading the design of the Standard Bounties contracts, and potentially supporting a variety of bounty platforms over time.
This integration opens up the doors for a number of product updates to Gitcoin down the road, alongside the benefit of longer term improvements to Standard Bounties itself. Some, which we are most excited about, include:
Each one of these possibilities represent ways the Gitcoin product can scale to better serve the mission to “Grow Open Source” in 2018 and beyond. The future is bright!
The bounties on Gitcoin which are based upon the current, Gitcoin legacy smart contract will remain open. The web application will completely support these bounties until the very last one has expired or been fulfilled.
All new bounties posted to Gitcoin as of today will be utilizing the new, Standard Bounties smart contracts.
As a Gitcoin user, you can expect the following functionality changes:
We have also cleaned up the statues on Gitcoin to make it a little more clear the linearity of flow:
If you have any questions about these changes feel free to poke in on our slack and message Kevin Owocki or myself, or post an issue on Github. We are excited to see these changes in the wild and to continue our mission to grow open source.
Are you considering using a bounty system to build your platform? Are you interested in contributing towards leading Web3 projects, while getting paid? We let you put bounties on any task, paying in the native token of your project (or ETH). Feel free to reach out.
https://github.com/ConsenSys/StandardBounties
Looking for a dev for your web3 project? Hoping to incentivize someone to take on an issue in your repo? Looking for work in web3? Check out Gitcoin.
True to form, integration of Standard Bounties was completed using Gitcoin. Thanks to Jason Haas for his help integrating the contracts across platforms.
Gitcoin and Bounties Network both look forward to working together on this experiment to bring bounties to the Ethereum and blockchain ecosystems. We appreciate your support.