Crowdsale and High Drama at Bitnation
Bitnation is a Governance 2.0 platform powered by distributed blockchain technology. Bitnation aims to provide the same services provided by traditional governments, but in a geographically unbound, decentralized, and voluntary way. The Bitnation crowdsale of the XBNX altcoin, the traded equity stake in the foundation of Bitnation, started today. At the same time, the three most senior members of the Bitnation team (save for the CEO) left Bitnation with an open resignation letter. CNN reached out to the parties involved to find out what happened and why. Bitnation CEO Susanne Tarkowski....
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Why we won't be a part of the Bitnation Crowdsale. This is an article written by the three most senior members of the Bitnation team (save for the CEO). It's written from the perspective of each of us individually. First, who am I? I'm theguy who got married on the block chain last weekend. I'm a true believer in the Bitnation concept. I've owned UnPassport.com and SovereigntyNow.com for years, even though I've never actually developed them. You might call me a zealot. Until recently I've been an advisor to Bitnation and trying to help to launch it, even though I've disagreed with the....
Update: Moments before this article went to press, BitNation began its crowdsale. The original article remains below: Bitnation has been one of my favorite projects to think about the past few days. It was intended to bring government services to those who needed because their government failed to provide those services. It's a great idea that showcases just how far blockchain technologies could take us, if the human race can get on board with it happening. Its crowdsale was set to launch this past Friday, despite some concerns about a lack of demonstrable progress. Firday came, the....
Launched October 10, BitNation’s crowdsale has raised 0.46% of their target seed round and 49 days remain before the sale is over. BitNation is a decentralized governance project led by Founder and CEO Susanne Tarkowski Tempelhof. On October 13, three resigning BitNation team members published their resignation letters on Bitcoin Magazine in an article titled, “Why We Won’t Be a Part of the BitNation Crowdsale (3 letters from the former BitNation team).” The open resignations of the team may have influenced the crowdsale which has raised less than $11,000 out of the $2,000,000 funding....
Bitnation decides to begin its crowd sale now and set up a multisig later. Revealed on October 28th in an interview with Bitnation leadership, Bitnation begins its crowdsale before setting up a multisig wallet. The funds are going to a single key address owned by Bitnation CEO Susanne Tarkowski Tempelhof. Tempelhof was interviewed by Andreas Antonopoulos, Stephanie Murphy, and Adam Levine from the Let’s Talk Bitcoin (LTB) team in Episode #157. Andreas and Stephanie asked why Bitnation chose not to set up a multisig wallet for securely managing company funds, and instead launched their....
Blockchain governance system Bitnation came under the spotlight this week when its crowdsale was unexpectedly postponed. Its vending partner, concerned about a negative reaction from Australian policy makers, withdrew the day of the launch. Additional internal conflicts cast further doubt over the future of the project as a whole, and CoinTelegraph reached out to managerial staff for further information. However, notably absent from the earlier interview was Bitnation co-founder and CEO Susanne Tarkowski Tempelhof. Now, she speaks to CoinTelegraph about the crowdsale, which despite many....