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0 pointsacomjean2y ago0 comments

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/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-foundati...

0 comments

ozr2y ago

And, 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.

thrown372912y ago

They still have crypto wallets accepting donations, Tezos and Ethereum do not have environmental impact today. The blog post was written before the merge.

robertlagrant2y 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.

whywhywhywhy2y ago

> Hopefully they can manage it better.

Why would I want them doing anything after seeing what they've done so far?

jdboyd2y ago

That same document said their policy is to convert crypto to USD, so presumably they didn't suffer from later crashes.

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