How to decentralise the Bitcoin Foundation
At the first evening of the Bitcoin conference in Amsterdam, about 20 Bitcoiners from Argentina, Australia, Belgium, Canada, Germany, Hungary, Israel, the Netherlands and the UK gathered around a dimly lit table in the first floor of a café near the conference venue to discuss the Bitcoin Foundation's efforts to start "national chapters". There had been....
Related News
Olivier Janssens and Jim Harper have become the Bitcoin Foundation's newest board members, following a recent election that was not without controversy. The winning candidates received 277 and 264 votes respectively, from 440 eligible voters. When asked about his objectives as a newly appointed board member, Janssens, a founder of Freedom Investment Group, said that he wanted to decentralise core development so that the core developers could be paid directly by the community, instead of having the Bitcoin Foundation "sitting in between". Janssens continued: "Through public crowdfunding,....
One could hardly accuse Bitcloud's developers of lacking ambition. The small team wants to decentralise the Internet, and possibly even replace much of the Internet infrastructure we use today. It's quite a goal, and to make it all come together the founders will need quite a few backers, but the concept is rather interesting to say the least. Instead of using processing power to move around digital currencies, Bitcloud wants to use a very similar method to provide Internet services. Instead of mining cryptocoins, Bitcloud miners (if you can call them that) would allocate their hardware....
The Bitcoin core just became the beneficiary of a lot more attention. The Bitcoin Foundation will soon hire a new full-time Bitcoin developer and provide Bitcoin developer training and certification. The Bitcoin Foundation has announced its decision to focus on Bitcoin core development. The Bitcoin Foundation, the first non-profit trade organization dedicated to Bitcoin that was founded in 2012, is continuing a public refocusing of its efforts under new Executive Director Patrick Murck. The Bitcoin Foundation's Jinyoung Lee Englund explained: In the beginning, the foundation did it all -....
According to an internal document obtained by Bitcoin Magazine, the Bitcoin Foundation is considering splitting into two separate organizations. Under this proposal, an entirely new entity would be created to fund core development (the Bitcoin Foundation's current focus), while a slimmed-down Foundation would continue as a promotional organization supported by its current membership. This pivot would return the Foundation to its original vision in a bid to ensure its survival. The internal document cites the many challenges that the Foundation has faced, including reputational damage,....
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....