Bitcoin Foundation Appoints 3 New Board Members with a New Mission Statement
The Bitcoin Foundation has appointed 3 new members to the board with the creation of three new member seats. The new members are runners up from the previous industry election and the Bitcoin Foundation - with the new appointments - have also published a draft for a new mission statement. The press office of the Bitcoin Foundation has confirmed the appointment of Vinny Lingham, the co-founder and CEO of Gyft. Michael Perklin, president of C4; and Francis Pouliot CEO of Satoshi Portal to the board, today. To accommodate the three new inductees, the Foundation created an "International....
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The Bitcoin Foundation board of directors has issued a new statement on the controversy surrounding its current financial situation and proposed restructuring. Overall, the blog post seeks to clarify perceived misstatements issued over the weekend in a post that generated widespread discussion in the community. The full release takes aim at accusations that the organisation is "bankrupt" and has fired "90% of its staff". Though attributed to the Bitcoin Foundation board of directors, the statement does not seem to represent the board in its entirety. Both board members representing the....
The Bitcoin Foundation was founded in September 2012 with the stated mission to promote, protect and standardize the use of Bitcoin for the benefit of users around the globe. The organization was modeled on the Linux Foundation and is mainly funded by its members and by for-profit companies that depend on Bitcoin technology. A few days ago, one of the newly elected board members of the organization declared the group "effectively bankrupt", claiming that the board members were hiding the Bitcoin Foundation's financial difficulties to its members. Olivier Janssens stated: "The Bitcoin....
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....
Bitcoin Foundation board members Jim Harper and Olivier Janssens have resigned and been removed from the trade organization, respectively, following a disagreement over the future of the advocacy group. At an 11am EST meeting today, long-standing disagreements among Bitcoin Foundation board members came to a head over a vote on whether the organization should be disbanded. Both Harper and Janssens voted to shut down the foundation. In a statement, Bitcoin Foundation vice chairman and BTCC CEO Bobby Lee said the organization accepted the resignation of Jim Harper following the vote, a....
Jeff Garzik, CEO and co-founder of Bloq, has been appointed as the organization’s representative on the Linux Foundation’s Board of Directors. Garzik Providing Linux Foundation With Bitcoin Technology Expertise. Garzik, formerly a 10-year employee at Red Hat, brings a wealth of Bitcoin Core development experience back to the leading open-source software development foundation. The Linux Foundation is spearheading a conglomerate of organizations involved with the Hyperledger Project, of which Bloq is a member. Garzik’s presence on the Linux Foundation’s board should hopefully help to bridge....