Bitcoin Foundation to Focus Solely On Bitcoin Core Development

The Bitcoin Foundation has announced that it will seek to wind down its education, outreach and public policy initiatives as it turns its focus to core development. The news coincides with the publication today of three surveys conducted by the Bitcoin Foundation suggesting that many community members, both inside and outside of the organization, want to see it adopt a stronger focus on core development. The organisation wrote in its official blog post: "In the beginning, the foundation did it all - public policy, education and outreach, core development - primarily because there was no....

Bitcoin Foundation chief scientist Gavin Andresen has publicly voiced his support for the organisation's plan to focus solely on core development. In a new blog post, Andresen defended prior efforts to support core development and stated that the Bitcoin Foundation is just one of several organizations that provide funding for the oversight of the bitcoin protocol. The statements follow the Bitcoin Foundation's formal announcement of the plan, which will find it shedding its education, public policy and outreach operations, as well as the healthy debate about the organization's pivot that....

Less than six months after the Bitcoin Foundation announced its intention to focus solely on core development, it is once again at a financial and existential crossroads that finds the future of the trade organization shrouded in uncertainty. Though much about the situation remains obscured by argument, current board members, core developers and the group's interim executive director Patrick Murck agree that, at the very least, the Bitcoin Foundation will no longer be best positioned to continue financing bitcoin development in current form. At issue, however, is the present state of the....

Back in November, the Bitcoin Foundation announced that it would solely focus on Bitcoin core development. They also mentioned “two critical, long-standing, unmet needs,” which included “somebody dedicated to ongoing security review of changes to the core code,” said the announcement. “We (the Foundation) hope to announce a new hire to fill this role very soon.” Now they have found the person for this position in the form of Sergio Demian Lerner. The official announcement reads: “As Core Security Auditor, Sergio will be dedicated to the ongoing security review of changes to the core code.....

The Bitcoin Foundation has faced scrutiny in the past for multiple reasons. As of now, however, it seems the Foundation is a taking sharp turn to redirect the operation. Some of their self-admitted challenges include reputation struggles, lack of focus, declining membership revenue, falling bitcoin price and a weak balance sheet. In its latest press release, the Foundation says it is refocusing its efforts "to instill some organizational discipline around reducing expenses, eliminating distractions and focusing on revenue-generating activities."Additionally, the Foundation has announced....