Max Howell

I think it's a testament to people understanding that what we're doing is important, but also that we've cracked it, that we understand how to take the value of open source and actually expose it. So until now, we all understand the value of open source. Everyone builds everything on top of it. But very little of that value ends up going back to the people who maintain it. That's my story.

I think it's a testament to people understanding that what we're doing is important, but also that we've cracked it, that we understand how to take the value of open source and actually expose it. So until now, we all understand the value of open source. Everyone builds everything on top of it. But very little of that value ends up going back to the people who maintain it. That's my story.

Homebrew was a passion project that became my full-time job for free. And I had to keep taking new jobs. quitting them after I'd saved up some money working on it. And that's why I founded T-Protocol. I was once again in that position, wanting to work on open source full time. So our system, it changes the economics of open source.

Homebrew was a passion project that became my full-time job for free. And I had to keep taking new jobs. quitting them after I'd saved up some money working on it. And that's why I founded T-Protocol. I was once again in that position, wanting to work on open source full time. So our system, it changes the economics of open source.

That was one of my conclusions before founding T-Protocol, is that the system of economics that we use in this world, it doesn't fit cleanly onto how open source works. Open source is really weird. There's no real thing that's like it elsewhere in the world. So it was necessary to build something new that used economics in a new fashion. So that's what we've built.

That was one of my conclusions before founding T-Protocol, is that the system of economics that we use in this world, it doesn't fit cleanly onto how open source works. Open source is really weird. There's no real thing that's like it elsewhere in the world. So it was necessary to build something new that used economics in a new fashion. So that's what we've built.

We have an on-chain Oracle called Chai that computes the impact of all the open source projects, all 10.5 million of them.

We have an on-chain Oracle called Chai that computes the impact of all the open source projects, all 10.5 million of them.

using package manager data and dependency data to calculate that the higher your impact the higher your rewards every 24 hours we just give you free t token and then we have uh like with the 1.7 million people who signed up only a third of them are developers two-thirds of them are people that maybe didn't even know about open source before once they heard the story

using package manager data and dependency data to calculate that the higher your impact the higher your rewards every 24 hours we just give you free t token and then we have uh like with the 1.7 million people who signed up only a third of them are developers two-thirds of them are people that maybe didn't even know about open source before once they heard the story

of how everything they've used on the internet for the last 30 years is built on top of this open source. They understood that there's a huge amount of untapped value there that they want to participate in. So they're the input for the monetary parts that allow the open source to be remunerated. And I've had loads of tokenomics experts looking at it over the last three years.

of how everything they've used on the internet for the last 30 years is built on top of this open source. They understood that there's a huge amount of untapped value there that they want to participate in. So they're the input for the monetary parts that allow the open source to be remunerated. And I've had loads of tokenomics experts looking at it over the last three years.

You know, you have to calculate the sell and the buy pressure correctly in order to make it so the token price stabilizes at something, which then makes it so the open source maintainers can sell their token and use it to fund the developers.

You know, you have to calculate the sell and the buy pressure correctly in order to make it so the token price stabilizes at something, which then makes it so the open source maintainers can sell their token and use it to fund the developers.

Yeah, exactly. It's very important that we do that. Otherwise, it will be a project that just goes whoop and down, as you were saying. Right. And then it hasn't succeeded at all. And that was a difficult problem to solve. We have lots of mechanisms in there that will be there for the launch. We're hoping to launch later this year or early next year.

Yeah, exactly. It's very important that we do that. Otherwise, it will be a project that just goes whoop and down, as you were saying. Right. And then it hasn't succeeded at all. And that was a difficult problem to solve. We have lots of mechanisms in there that will be there for the launch. We're hoping to launch later this year or early next year.

So it's not live yet. No, but the testnet is, so people can sign up. We have 17,000 open source projects that have onboarded 2T protocol during the testnet. So, you know, we've got good traction. I'm hoping when mainnet goes live, the proof will be in the pudding, you know. People will see that this is something that actually could fix these fundamental issues with how open source is funded.

So it's not live yet. No, but the testnet is, so people can sign up. We have 17,000 open source projects that have onboarded 2T protocol during the testnet. So, you know, we've got good traction. I'm hoping when mainnet goes live, the proof will be in the pudding, you know. People will see that this is something that actually could fix these fundamental issues with how open source is funded.

And it's really a no-brainer if you're an open source project with any clout. Onboarding is free. It's very low effort to do so. Too low effort, as you probably saw some of the negative press we had over the last year or so.

And it's really a no-brainer if you're an open source project with any clout. Onboarding is free. It's very low effort to do so. Too low effort, as you probably saw some of the negative press we had over the last year or so.