I guess the feasibility of such a scheme depends on what kind of money we're talking about, I have no idea. On the other hand I believe the amount of users that would like to see a free firmware is not small. Of course not everybody has the same device so that will splinter the field a bit.
Maybe the FSF could setup a crowdfunding effort to write free firmware for
various devices. This could be interfaced with h-node. This way people could
easily chip in to free software development. And firmware hackers would get
employed.
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