Bitcoin Foundation Members Exit Following Election Controversy
A number of Bitcoin Foundation members have canceled their memberships, citing frustration with the latest round of appointments and the 'general direction' of the organisation. The cancellations emerged after annual member Patrick Alexander opened a thread on the Bitcoin Foundation forums stating he would terminate his membership immediately. At press time nine others had followed suit - the foundation has about 150 lifetime members, alongside annual members and 384 anonymous members. A number of reasons were outlined by those leaving the organization, from recent the board election to....
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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....
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....
Olivier Janssens and Jim Harper eventually ended up as the winners of the recently-held Bitcoin Foundation election after procuring 277 and 264 votes, respectively. Their nearest rival Michael Perklin managed to bag only 229 out of the total 440 casted votes. The election, that was held in order to democratically elect the two new board members for the Bitcoin Foundation, facedcriticism for being poorly managed. The foundation was accused by its lifetime and annual members of parachuting to a new, untested on-blockchain voting platform that eventually turned out to be highly lapsed. This....
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....
As perhaps an extension of its recent focus on revitalizing its image, the Bitcoin Foundation announced yesterday it would allow its members to cast votes in its latest election round directly on the bitcoin blockchain, the digital currency's public ledger. Billed in a blog post as a way for the Bitcoin Foundation to advance blockchain technology by new executive director Patrick Murck, the decision was soon met with mixed reactions, with some lauding the novel step and others criticising it for a potential negative impact on an election meant to fill two outgoing board member positions.....