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This is a great post. I have the same suspicion that funding wallets / node implementations through grants and donations is not likely to be sustainable or lead to bad outcomes / conflicts of interest.
I did some research into this and, although you can point to Linux as an example of worldwide success in this model, it relies on contributions from developers at humongous mega-corps like Google to keep it going.
I have no solution here btw. Just my 2 sats and thanks for the interesting post.
My first thought was also to think about Linux.
Wallet software is very foundational to the bitcoin ecosystem so there could be enough contribution from devs from all over the bitcoin community to keep them open source
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It's true. And this is more or less how Bitcoin Core works.
Core's wallet still makes you create multisig on the command line...
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