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Alex Bosworth, head of infrastructure at Lightning Labs, examines the motivations behind both for-profit and nonprofit Bitcoin organizations.
Bosworth notes that while it is healthy to remain skeptical of the incentives of for-profit Bitcoin companies, nonprofit entities that receive funding to address issues also have a financial incentive to keep those issues persistent, as solving them permanently could reduce their income streams.
Bosworth previously discussed how the eradication of physical cash and adoption of digital currencies could influence future perceptions of money in an earlier analysis. He has also stated that Bitcoin’s technology is advancing faster than its current user adoption, with existing infrastructure able to support billions of transactions, as noted in another report. These observations provide further context to his latest comments on organizational incentives in the Bitcoin ecosystem.