Bitcoin Foundation Members Resigning Over Brock Pierce Controversy - Is TBF Necessary?
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....
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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....
The Wall Street Journal is reporting that Brock Pierce, the new industry seat of the Bitcoin Foundation's Board of Director elected to fill the vacated spot previously held by Mark Karpeles, has responded to criticism that he has faced since joining the board at the Bitcoin Foundation. To catch you up to speed, Brock Pierce is a Disney child actor turned entrepreneur. His most recent venture has been to become Co-Founder of KnCMiner.cn. The reasons for the controversy over his appointment are his past ventures in the dotcom bubble, a class-action lawsuit from the Blizzard gaming community....
Since becoming a newly-elected member of the Bitcoin Foundation, child actor turned entrepreneur Brock Pierce has received a hefty dose of criticism coming from the bitcoin community. One of the major talking points among critics make reference to allegations that go back fourteen years - in which Pierce, along with two others, were accused of sexual abuse. In a letter addressed to the Bitcoin Foundation (and obtained by the Wall Street Journal), Pierce has declared his innocence. "Despite a full investigation by the U. S. Attorney's office, the FBI and the State of California into the....
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....
Bobby Lee and Brock Pierce have joined the Bitcoin Foundation's board of directors, after coming top in a second round of votes cast by the organisation's industry members. The run-off election featured three candidates, including BTC China CEO Bobby Lee, venture capitalist Brock Pierce and CEO of mobile gift card provider Gyft, Vinny Lingham. The results were particularly close, with Lee receiving 79% approval and Pierce scoring 65% - just 2% above Lingham, who received 63%. With the announcement, Lee and Pierce join a board that includes executive director Jon Matonis, bitcoin chief....