Unhappy With Current Direction, Some Bitcoin Foundation Members Resigning
A number of Bitcoin Foundation members, unhappy with the current direction of the Foundation, have started to resign. That's according to this forum forum post on the Bitcoin Foundation board, in which annual member Patrick Alexander starts the thread with a resignation announcement: "Unfortunately I must resign as an individual member of the Bitcoin Foundation," Alexander writes in his post. He points to Charlie Shrem (former BitInstant CEO and accused money launderer), Mark Karpeles (former Mt. Gox CEO), and Brock Pierce (newly-elected board member who has dealt with legal issues of his....
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Recently, after the welcoming of two new members to the Bitcoin Foundation, many members were very unhappy; enough to incite the need to make a “post your resignation here” thread. Thread starter Patrick Alexander states that “Reasons are many, but the following are salient” proceeding to list some reasons with the most prominent being many high-class members being associated with scandalous events, i.e., Brock Pierce is being associated with allegedly, pedophilia. That doesn’t mean it’s over however. Patrick then goes on to say
A number of Bitcoin Foundation members have canceled their memberships, citing frustration with the latest round of appointments and the 'general direction' of the organisation. The cancellations emerged after annual member Patrick Alexander opened a thread on the Bitcoin Foundation forums stating he would terminate his membership immediately. At press time nine others had followed suit - the foundation has about 150 lifetime members, alongside annual members and 384 anonymous members. A number of reasons were outlined by those leaving the organization, from recent the board election to....
On May 9th, the Bitcoin Foundation (TBF) announced election results for two new board members to replace Charlie Schrem and Mark Karpeles. Only 102 Bitcoin Foundation members were eligible to vote, of those 31 abstained. Bobby Lee, head of BTC China, was brought on board with 79% approval. Also elected, with 65% approval, was KnCMiner.com co-founder, Brock Pierce. KnCMiner is currently the sole purchaser of TBF's $100,000 platinum membership. As per TBF's announcement, Pierce co-founded three other Bitcoin companies and "angel-invests" in Bitcoin startups. Conspicuously unannounced was....
The Bitcoin Foundation, the oldest and largest organization in the Bitcoin industry, has focused on engaging in Bitcoin advocacy, spurring its awareness, increasing adoption, and encouraging the development of Bitcoin and blockchain technology globally. Yesterday, however, board members of the Bitcoin Foundation including Board Chairman Brock Pierce, Meyer Malka, BTCChina CEO Bobby Lee, and Elizabeth Ploshay have announced a major changeover. On December 15, 2015, all board members of the Bitcoin Foundation initiated a meeting to discuss the future and funding of the organization. Led by....
Recently elected Bitcoin Foundation director Brock Pierce has dismissed allegations made by detractors in a new letter addressed to the other members of the organization's board of directors. He wrote in the letter, obtained by The Wall Street Journal, that he regretted the furore created following his election, but stated that he would not step down from the Bitcoin Foundation board. Brock said further that resigning in the wake of "hateful and uninformed chatter on bitcoin forums" would not be "rational, prudent or warranted". Brock added that such an act would be detrimental to the....