Brock Pierce: Bitcoin Foundation 'Close To Running Out of Money'
Article updated to show that Peter Vessenes disputes the foundation's claim that it's owed expenses from him. Bitcoin Foundation chairman Brock Pierce. The Bitcoin Foundation will soon run out of funds, the foundation's board was told at a meeting on 20th October. The meeting's minutes, published yesterday, show that board chairman Brock Pierce opened the event with the declaration that the Foundation is "close to running out of money". Further disclosures during the meeting show that it is struggling to generate significant revenue. Its last event, the third instalment of its DevCore....
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Welcome to the CryptoCoinsNews weekly altcoin news update, where we examine important altcoin stories that have gone under-the-radar. This week's article examines Brock Pierce's resignation from the Mastercoin Foundation and a huge Bitcoin bounty offered by a Nxt user whose coins were hacked. Brock Pierce Resigns from Mastercoin Foundation. Controversial Bitcoin Foundation board member and Realcoin founder Brock Pierce has resigned from his position as Mastercoin Foundation board member. Pierce was one of Mastercoin's first investors and has been very involved in the project's development.....
Recently elected Bitcoin Foundation director Brock Pierce has dismissed allegations made by detractors in a new letter addressed to the other members of the organization's board of directors. He wrote in the letter, obtained by The Wall Street Journal, that he regretted the furore created following his election, but stated that he would not step down from the Bitcoin Foundation board. Brock said further that resigning in the wake of "hateful and uninformed chatter on bitcoin forums" would not be "rational, prudent or warranted". Brock added that such an act would be detrimental to the....
Venture capitalist Brock Pierce has been named chairman of the board of directors at the Bitcoin Foundation, the digital currency's oldest trade organisation. Pierce was elected to the position by a 3-0 vote Tuesday, with board member Olivier Janssens abstaining. The 34-year-old was nominated by board member and BTC China CEO Bobby Lee, with whom Pierce was elected to the foundation in May of 2014. In interview, Pierce indicated that his role will now be to work with newly appointed executive director Bruce Fenton as he shapes the nonprofit's 2015 strategy and works to create consensus on....
The Bitcoin Foundation is in disarray! And it is cash-strapped, thanks to the frivolous spending of its members. The disappointing news has come to light from the recently released minutes of the Bitcoin Foundation Board Meeting held on October 20, 2015. The meeting was attended by Bruce Fenton, Amy Loughran-Dolan, Brock Pierce, Jim Harper, Bobby Lee, and Olivier Janssens. The minutes start with Board of Director Brock Pierce saying that "it looks like we are close to running out of money." Bruce Fenton, Executive Director at the Foundation, commented, "Yes, we need to do serious....
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....