The planet needs Vinteum on the grounds that “we need developers from all over the world to build this global internet-native money.” What is Vinteum? In the post announcing the organization’s existence, they depict themselves as “a non-profit Bitcoin research and development center dedicated to supporting Bitcoin developers in Brazil and the wider Latin America region. We will train and fund open source developers to work on Bitcoin and the Lightning Network.”

Our association will prepare and finance Brazilian open source engineers to work in one of the most progressive advances within recent memory. We want engineers from everywhere the world to assemble this worldwide web local money.

— Vinteum (@Vinteum_org) August 10, 2022

To delineate their motivation to be, Vinteum quotes Spiral’s Steve Lee “on an episode of Stephan Livera’s podcast.”

“I think the right way for open source development funding and organization is a 10 by 10 model. 10 organizations of 10 people, where each organization is independent. Independent funding, independent leadership… other projects might have more of a 1 by 100 model, where it’s just a centralized entity that has a huge budget, and I think that’s the antithesis of Bitcoin and how it should be done.”

Independent associations creating and financing ability from everywhere the world. What a concept.

About The Need To Fund Developers And Vinteum’s Role

Currently, bitcoin’s market capitalization is at $465B, plus or minus. With all of that worth in question, and all the worth that is coming, the organization’s improvement ought to be main concern. Nonetheless, bitcoin is genuinely decentralized. That implies, there’s not one establishment ensuring that the code develops according to plan. All the more significantly, there’s no dependable subsidizing for expressed designers to have the option to zero in on bitcoin full-time.

This is where Vinteum comes in:

“We need talent. Bitcoin development funding has improved, but we still face lots of challenges, especially with regard to building a robust recruiting pipeline. That’s why it is important that we not only fund developers but also develop programs and educational efforts to teach developers about Bitcoin and onboard them into Bitcoin development.”

That’s right, the association will create and adjust schooling projects to set up the up and coming age of Brazilian bitcoin engineers.

“The first thing we’ll do is adapt Chaincode Labs Seminar’s curriculum and start cohorts in Portuguese so Brazilian developers can interact with each other and learn in groups. If you’re a developer interested in learning more about how Bitcoin and Lightning work, we’re now accepting applications.”

The People Involved In Vinteum

In lined up with telling the world about their reality, Vinteum reported its most memorable grantee. Bruno Ely Garcia was recently upheld by Brink and was one of the engineers who survey Taproot, bitcoin’s most memorable major upgrade beginning around 2017. Other than the Vinteum award, Ely Garcia will join the association as Director of Education. The designer told Portal Do Bitcoin:

“Being able to focus all your forces on Bitcoin is very good, it gives me the feeling that I am now fulfilling a mission! That’s what I want because it’s a career that brings together two passions: programming and Bitcoin.”

Vinteum is the brainchild of Lightning Labs’ Lucas Ferreira, an engineer and a Bitcoin Twitter staple, and André Neves, prime supporter of bitcoin gaming monster Zebedee. About his accomplice, Ferreira told Portal Do Bitcoin:

“André, being a living example of what this model can generate, seemed to me the ideal person to join me in this project”, makes sense of Ferreira. In 2018, André was essential for the top notch zeroed in on Lighting Network at Chaincode Labs, a New York-based bitcoin research bunch well known for the classes it promotes.”

If you’re keen on possibly adding to Bitcoin and the Lightning Network, yet feel you need more specialized comprehension of how they work, apply for our courses! We’re following the @ChaincodeLabs educational plan and we have a few extraordinary guides in the pipeline!

— Vinteum (@Vinteum_org) August 10, 2022

For his part, Ferreira discussed the need to bring “more geographic diversity to this talent pool, people who will understand the needs of their regions and will keep that in mind when developing Bitcoin.” This is a pivotal piece of Vinteum’s motivation to be. Brazil and Latin America could right now be underrepresented in bitcoin advancement, however that is going to change.

BTC cost outline for 08/11/2022 on Bitstamp | Source: BTC/USD on

Where Did The Money Come From

If bitcoin is decentralized, where did the cash for Vinteum come from? Ferreira told Portal Do Bitcoin:

“Getting the funds was really hard work. We had to put together a deck explaining the idea and sell this project to potential donors. I went after my network and so did André, and we were raising the funds.”

In the end, Vinteum informs, the “philanthropic donations” came from “John Pfeffer, Wences Casares, Sebastian Serrano, Okcoin, and the Human Rights Foundation.” Other benefactors were, “Casa for providing us with state-of-the-art Bitcoin custody and Voltage for provisioning our Lightning Network node infrastructure.”

Kudos to those associations and people for understanding the significance of subsidizing bitcoin advancement everywhere. Joined we stand.

Highlighted Image: Vinteum logo from their website | Charts by TradingView

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