Bitcoin Foundation May Opt For Crowdfunding Under New Chief
Newly elected Bitcoin Foundation chief Bruce Fenton believes that a decentralized tool like crowdfunding can be an optimum solution for the cash-strapped organization which was founded in 2012 to promote, protect and standardize the use of Bitcoin around the globe. Crowdfunding is the method of raising money through monetary contributions from a large number of people via the Internet, in order to fund a project. Earlier, board member of the Bitcoin Foundation Olivier Janssens had termed the Bitcoin Foundation "effectively bankrupt." The foundation made an official announcement via its....
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Brian Klein is a partner at the Los Angeles-based litigation boutique Baker Marquart LLP, the chair of the Bitcoin Foundation's legal advocacy committee (although he is not writing here on behalf of the foundation), and a former US federal prosecutor. This article was co-authored alongside Molly White, a partner at McGuireWoods LLP in Los Angeles and a former SEC enforcement attorney. Crowdfunding has undoubtedly become an important way for emerging and innovative companies to raise money. Look no further than Soylent (the high-profile and controversial food replacement product), which....
Core Bitcoin developer Mike Hearn is preparing to go live with his 'Lighthouse' crowdfunding project, switching to main net for the first time ahead of an imminent public Beta. The lighthouse project has been eagerly awaited by many decentralization enthusiasts within the Bitcoin community. It is hope that it could one day replace the centralized role of the Bitcoin Foundation in funding and guiding the direction of the coin's core development with a public, transparent, and more decentralized alternative which seems to be more in keeping with the Bitcoin's character. Rather than being a....
ING Bank, just as any other, is just an unnecessary middleman between you and many crowdfunding options. Today, we have things like the Lighthouse, WeiFund or Koinify, which try to help those seeking to receive crowdfunding for interesting projects. There is no need for using centralized crowdfunding anymore, nor is there a need for banking assistance in....
You've heard of open source networks. Now get ready for "Open Source Partying," courtesy of Tom and Gary's Decentralized Dance Party. Partying is nothing new, but the power of social media, crowdfunding, and cryptocurrency are making it happen in a new way. And the cryptocurrency evangelist Drew Glover, AKA Tom, happens to run BitNational, Canada's largest bitcoin ATM network. This week, they have expanded beyond their foundation in North America and are on their way to fulfilling a European tour starting Sept. 17, 2015, in London, England. Crowdfunding Will Launch Europe Tour. After....
BitcoinJ developer and former Google engineer Mike Hearn, creator of the decentralized crowdfunding platform Lighthouse, has been awarded the majority of a $100,000 bounty. The bounty was offered by self-proclaimed bitcoin millionaire and entrepreneur Olivier Janssens, who in a post on the bitcoin subreddit from June called for a platform to facilitate funding for critical bitcoin projects. In his original statement, Janssens argued that the Bitcoin Foundation was failing to adequately fund bitcoin core development. Because of this, he stated, the bounty winner's project should serve as a....