Max Howell

One of the things we're doing is we're launching the token from a completely separate company in Switzerland. It's a non-profit and the long-term goals for that company are to have it be governed and run by the open source community as well. But none of my investors or any of the other people that are related to the company they invested in have any say in how that company runs.

One of the things we're doing is we're launching the token from a completely separate company in Switzerland. It's a non-profit and the long-term goals for that company are to have it be governed and run by the open source community as well. But none of my investors or any of the other people that are related to the company they invested in have any say in how that company runs.

It's very important to me that this is an open source project for the open source community that's governed by the open source community in the long run.

It's very important to me that this is an open source project for the open source community that's governed by the open source community in the long run.

T token, yeah.

T token, yeah.

Chai is the technology, the oracle that runs the chain.

Chai is the technology, the oracle that runs the chain.

Yeah, so the way the system works is it's project-based. So we declare that a project will receive X amount of T-token rewards every 24 hours. In order to have that token go to that project's wallet, it's a project wallet, one of the maintainers of the project needs to commit a file, the T-constitution, as we call it, to the GitHub repo or any Git repo. We're not GitHub-specific.

Yeah, so the way the system works is it's project-based. So we declare that a project will receive X amount of T-token rewards every 24 hours. In order to have that token go to that project's wallet, it's a project wallet, one of the maintainers of the project needs to commit a file, the T-constitution, as we call it, to the GitHub repo or any Git repo. We're not GitHub-specific.

Once our system sees that file, then the rewards start coming in.

Once our system sees that file, then the rewards start coming in.

The token goes to the project wallet, and then whoever commits that T-constitution can declare any number of people that are considered core contributors to the project. They all have control over that wallet. Now, we haven't made any deliberate decisions on what should happen next. Every project's different, right? Most projects really are just one person, so it's very simple for them.

The token goes to the project wallet, and then whoever commits that T-constitution can declare any number of people that are considered core contributors to the project. They all have control over that wallet. Now, we haven't made any deliberate decisions on what should happen next. Every project's different, right? Most projects really are just one person, so it's very simple for them.

It gets a lot more complicated when you have large projects like Python or Node or whatever with loads of people. WordPress. And WordPress, exactly. So we're waiting to see what they're going to do about it. But it's on the blockchain. It's an EVM-compatible blockchain. We're using Coinbase's base, which is just Layer 2 on top of Ethereum. And you can write smart contracts to distribute the token.

It gets a lot more complicated when you have large projects like Python or Node or whatever with loads of people. WordPress. And WordPress, exactly. So we're waiting to see what they're going to do about it. But it's on the blockchain. It's an EVM-compatible blockchain. We're using Coinbase's base, which is just Layer 2 on top of Ethereum. And you can write smart contracts to distribute the token.

So that's what I'm hoping I'll see, is the open source community stepping up, writing smart contracts to fairly distribute the token. One easy way to do it is like, here's a list of people, split it equally. A much harder way to do it would be based on pull requests or code contribution. Lines of code. Just kidding, just kidding, just kidding. I've already thought this through.

So that's what I'm hoping I'll see, is the open source community stepping up, writing smart contracts to fairly distribute the token. One easy way to do it is like, here's a list of people, split it equally. A much harder way to do it would be based on pull requests or code contribution. Lines of code. Just kidding, just kidding, just kidding. I've already thought this through.

Lines of code is not going to be a great metric for sure. Just incentivize people to make PRs that are longer and longer for no reason.

Lines of code is not going to be a great metric for sure. Just incentivize people to make PRs that are longer and longer for no reason.