Bitcoin Foundation Vote Yields No New Board Members
A vote to fill two vacant seats on the Bitcoin Foundation's Board of Directors has ended with no candidate garnering enough votes to secure a position. Candidates needed at least 52 votes to be elected to a seat, however, no-one passed this voting threshold, election results show. However, despite no candidates being elected, clear favorites for the positions did emerge. BTC China CEO Bobby Lee received 44 votes, while venture capital Brock Pierce and Gyft CEO Vinny Lingham finished second and third in the voting, capturing 34 and 21 votes respectively. The foundation will now hold a....
Related News
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....
Brock Pierce is now the Bitcoin Foundation President. The Bitcoin entrepreneur and venture capitalist has been elected as Chairman of the Board of the Bitcoin Foundation. Elected by a 3-0-1 vote, Pierce will now be succeeding Peter Veseness, the former Chairman. The Bitcoin Foundation is a non-profit organization and the role of Chairman along with the other Board members is an unpaid position. Broke Pierce thankfully accepted the position and immediately gave an insight of what were his intentions for the Bitcoin Foundation. "I wish to thank the industry members that elected me to the....
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....
Candidates in the ongoing Bitcoin Foundation election to fill two vacant board of director positions have expressed concern at a low voter turnout. Candidate Jim Harper of the Cato Institute, and former global policy counsel for the foundation, has pointed out that only 364 of the organisation's roughly 2,728 members have registered to vote - about 13% (this figure has been revised-please see below). This is in part due to the Bitcoin Foundation's requirement that members must confirm their intention to vote before becoming eligible, he contends. The 364 figure means the minimum threshold....
The Bitcoin Foundation announced on Friday afternoon that they're extending the signup deadline for new Industry Members to April 15th. This will allow the members to take part in the upcoming election, as the Industry Member status is required for participation. Next month's election aims to fill in two vacant industry board seats, one of which belonged to disgraced bitcoin exchange Mt. Gox. The Bitcoin Foundation says, "Any industry member signed up with a current industry membership by April 15, 2014 will be able to vote," and "Any industry member that has a current industry membership....