Merit Systems
@meritsystems
5 Following
203 Followers
Casts
Casts + replies
Merit Systems
@meritsystems
Today, we’re launching the Terminal: Pay anyone and any project on Github. Merit is the financial stack for open source software. We built the Terminal to make it simple for anyone to build enduring projects. Any Github user can use it today. Any open source builder can sign up for the payments beta. Open source software is powerful because it’s multiplayer. In what other industry can you build in the open with friends and collaborators from across the entire globe, and explore every layer of the stack? Merit solves the high-friction parts of open source development: paying contributors and building enduring projects. The Terminal enables multiplayer software with drop-in payments: builders can install Merit on their repository, and easily pay contributors using stablecoins.
11 replies
19 recasts
76 reactions
Merit Systems
@meritsystems
Today we're coming out of stealth and announcing a $10M fundraise to accelerate Open Source Capitalism. Open Source is civilization's greatest accomplishment. Where corporations fail to innovate as they scale, Open Source leads the frontier. All of the best technologies, from databases and web frameworks to cryptography and game engines, are created in the open. Software with zero-cost replication allowed massive teams to collaborate on the same technical artifacts. Open Source permeated the barriers between corps and allowed humanity's greatest minds to work on shared technical foundations. But funding Open Source has been a perennial challenge. Tragedy of the commons this, tragedy of the commons that. While we applaud the push to increase altruism directed at Open Source, banking on goodwill isn't our idea of a prosperous future.
3 replies
14 recasts
62 reactions