Mt. Gox CEO Mark Karpeles Resigns from Bitcoin Foundation Board
Mt. Gox CEO Mark Karpeles has resigned from his position as a board member with the Bitcoin Foundation. The Foundation posted this announcement on its blog today at 3:30AM GMT: "Effective immediately, Mark Karpeles has submitted his resignation from the board of directors. We are grateful for his early and valuable contributions as a founding member in launching the Bitcoin Foundation." "As CEO of MtGox Co. Ltd. (Japan), he held one of the three elected industry member seats. Further details, including election procedures, will be forthcoming." No updates, tweets gone. There has still been....
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Mark Karpeles has faced the brunt of the criticism focused at his exchange, MtGox. The official announcement appeared on The Bitcoin Foundations blog: Effective immediately, Mark Karpeles has submitted his resignation from the board of directors. We are grateful for his early and valuable contributions as a founding member in launching the Bitcoin Foundation. As CEO of MtGox Co. Ltd. (Japan), he held one of the three elected industry member seats. Further details, including election procedures, will be forthcoming. As of this moment, no reason has been given. The WSJ reports, "A phone call....
Mark Karpeles profile on The Bitcoin Foundation's website. When do an individual's professional failings disqualify them from representing a cause in which they believe? This is what many in the Bitcoin community are struggling with right now. At the time of this article, a petition to remove Mark Karpeles from his seat as board-member has accumulated over 730 signatures. This petition is a combination of community frustration at the company Karpeles is CEO of, MtGox, and general anger caused by comments of Karpeles' that pointed blame at the Bitcoin protocol rather than his own company.....
The Bitcoin Foundation is holding an election for a vacant industry seat on the organization's board of directors, according to a blog post put up on Tuesday. Industry Members are able to nominate an individual for a position on the board, and the elected member will join the current board members: Micky Malka (Ribbit Capital), Mark Karpeles (Mt. Gox), Gavin Andresen, Jon Matonis, Elizabeth Ploshay (Bitcoin Magazine), and Peter Vessenes (Coinlab). Voting begins on the week of April 21st, 2014, and nominations must be in by April 7th, 2014. Board members are expected to "provide leadership"....
Chief Scientist and one of the founding members of The Bitcoin Foundation, Gavin Andresen has called the fellow founding members Charlie Shrem and Mark Karpeles "a disgrace to the cryptocurrency industry." At the recently concluded DevCore London conference, Gavin Andresen called the actions of the two co-founders highly damaging to the Bitcoin Foundation. "That was a huge, deplorable, terrible hit to the foundation - a huge black eye. If I could go back in time, both of these people would not be on the foundation board." Gavin further adds that, "We didn't have enough money to support all....
Following the resignations of former BitInstant CEO Charlie Shrem and Mt. Gox CEO Mark Karpeles from the board of directors at the Bitcoin Foundation earlier this year, 15 candidates have emerged as potential replacements as part of the organisation's ongoing special election. Voting for the two vacant seats is now open to registered Industry Members, with the election scheduled to close at 11.59pm US EST on Wednesday, 30th April. While the winning candidates have yet to be decided, what is certain is that these individuals will be tasked with joining the Bitcoin Foundation at a time when....