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I'm not sure I'm getting it... you want people to pay to work on cool projects? like the ticket to a cool bar or something like that?

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I don't really get it either. As an experienced developer if I want to work on a cool project I either start my own or I go on github and contribute to something I'm interested in. While the creator claims to be recruiting experienced developer's I don't see why any good developer would pay a monthly fee to work on a side project. This seems like it would attract more amateur or novice programmers who aren't comfortable contributing to a large mature project on github.

I agree, but i find this suitable for me. because whenever i try to contribute to a project on github, i spend an awful lot of time in browsing all the projects in my language of choice and end up not contributing to any of them. If there are less choices involved, its better, and since he is curating the content, it would involve less of those hassles.

Sort of... but in the bar I'd be there teaching music, how to compose a song and helping you find people to practice and perhaps create your own songs.

Everyone will be working the same project, for eg. a game. I will present the basics of creating a game, give code to get started, etc.

Think of it as a RailsCast/PeepCode but centered around a community.

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