The report lays out the premise: “Unlike most successful open source projects, it doesn’t have a corporate creator or foundational home. It has a market capitalization of around $1.2 trillion, but unlike most trillion dollar technologies, it has no ability to raise capital. Bitcoin is a commodity, but unlike gold it is running software that needs to be maintained. It has no company, no foundation, no treasury, no employees… no representatives of any kind. And yet it is live, running, production software, securing a large amount of value that needs to be maintained, patched and improved. But those that buy it, hold it, use it, or build on it have no obligation to fund it. It is a public good that suffers from a free rider problem.”
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