No Candidate Has Been Selected for the Director Seats at The Bitcoin Foundation
The recent Bitcoin Foundation blog details how no candidate managed to reach the required quorum in the Bitcoin Foundation elections this month. What this means is that no one has yet been selected for either of the two individual Director seats. The election will, therefore, commence to a run-off, a second round of voting. Each registered Foundation member can vote on as many candidates as they wish, but a candidate is required to gain 50% approval to win a seat. You can read more about quorum and the bylaws amendments in our February article covering the election. The votes from this....
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The initial voting session for two vacant industry seats on the Bitcoin Foundation board expired Wednesday at 11:59 PM, and the initial session of voting yielded no new board members. Announced this evening by Brian Goss of the Bitcoin Foundation, there's "no outright winner", which means another road of voting will be required. The first round of voting saw participation from nearly 75 percent of the Foundation's industry members, with 102 out of 137 ballots submitted. For the seats, a candidate will require at minimum 52 votes. According to Goss, "If no candidate receives 52 votes or....
Here is an update on what is going on with the Bitcoin Foundation elections. The Bitcoin Foundation polls are closed now! The Bitcoinfoundation.org has updated as follows: Voting for the Bitcoin Foundation’s two open industry board seats ended last night at 11:59pm EDT. Results will be published here today at around 6:30pm. “We had a great turnout for this round of voting and want to thank our industry members for getting so involved! Nearly 75% of our industry members voted with 102 out of the possible 137 ballots submitted.” A candidate will need at least 52 votes to win a seat. If no....
As an update to a post in mid-February that indicated a vacant industry seat on the Board of Directors of the Bitcoin Foundation was available, the Foundation has posted an update that indicated that two industry seats are now available on the board. Presumably, this is related to the recent forfeiture of the seat once occupied by Mark Karpeles of Mt. Gox. On February 23rd, the foundation announced the Tokyo-based exchange (now under bankruptcy protection) had stepped down. In order to nominate a potential candidate, one must be an Industry Member of the Bitcoin Foundation. Nominees must....
The Bitcoin Foundation is a Bitcoin development organisation that currently focuses on supporting a few core developers and expanding this support to include specialist programmers that work on external viable Bitcoin infrastructure software through grant programs. The Foundation also attends conferences for the promotion of Bitcoin and was previously involved in global Bitcoin adoption on the regulatory and political front. This February, there will be new Bitcoin Foundation Elections to elect persons to two Director positions that will be representative of the wider community as....
In a vote consisting of five ayes and one abstention, the Bitcoin Foundation Board has elected lifetime member Bruce Fenton to the position of Executive Director, replacing interim director Patrick Murck who held the position for the five months following Jon Matonis's resignation. In an announcement posted on Monday afternoon, the Foundation stated that it decided that "in opinion of the board, [Fenton] is the best candidate for the job." In February of 2015, Fenton lost his bid to win one of the two open Board seats during the general election, finishing in fourth position behind Olivier....