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Bitcoin Foundation Board

Brock Pierce Elected Bitcoin Foundation Board Chairman

Brock Pierce Elected Bitcoin Foundation Board Chairman

Brock Pierce Elected Bitcoin Foundation Board Chairman 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 how the Bitcoin Foundation can move forward on rebuilding its image. "A lot of us believe in the foundation and we believe it can be effective at advocating on behalf of the industry. Some people might say there are aspects that are broken. I say it's a lot harder to be part of the solution than the problem, that's why I ran for the board." The electionfollows weeks of heated debate about the future of the organisation among its board members, its membership body and the wider digital currency community. Further, it comes on the heels of an announcement by MIT Media Lab today that it had formally hired three core developers previouslysupported by the foundation. Throughout the interview, Pierce strived to suggest that the board of directors, including its newly elected industry members, are eager to put recent disagreements in the past and find a "common alignment". Tensions first flared in early April , when board member Olivier Janssens took to social media to alert the community of the foundation's financial state. Still, Pierce voiced his desire to work with all current board members on a path forward, one that would find the Continue reading >>

Bitcoin Foundation Is Effectively Bankrupt, Board Member Says

Bitcoin Foundation Is Effectively Bankrupt, Board Member Says

Sign up or login to join the discussions! Bitcoin Foundation is effectively bankrupt, board member says Advocacy group's founders involved in crimes, bankruptcy, and offshore relocation. Bitcoin makes bid for respect with new foundation One of the newly elected board members of the Bitcoin Foundation the 2.5-year-old organization that was meant to bring order to the famously open source and freewheeling cryptocurrencyhas declared the group "effectively bankrupt." While the Bitcoin Foundation obviously does not have control over Bitcoin itself, its the closest thing to a public face that the community has. Individual memberships start at $25, while corporate memberships start at $1,000 annually. The non-profits own tax filings from 2013 show that it ended that year with over $4.7 million in total assets nearly five times as much as it had at the same time the previous year. It has yet to release financial details for 2014. The organization was founded in 2012 by a number of Bitcoin luminaries who have since fallen, and the group itselfhas been marred by controversy in recent months. Of its original five founders, one isnowin prison ( Charlie Shrem ), another oversaw the collapse of the largest Bitcoin exchange ( Mark Karpeles ), and yet another has since left the United States for a Caribbean nation known for offshore banking ( Roger Ver ). Of the original board members, only Bitcoin lead developer Gavin Andresen has remained. The Bitcoin Foundation did not immediately respond to Ars request for comment, nor did it address the issue on Twitter or its blog. In a Saturday blog post , the new member, Olivier Janssens, claimed that the group has been hiding this financial distress from its membership. As he wrote: The Bitcoin Foundation hates transparency. If they would hav Continue reading >>

What Is The Bitcoin Foundation, And What Does It Do?

What Is The Bitcoin Foundation, And What Does It Do?

What is the Bitcoin Foundation, and What Does it Do? By Nathan Reiff | April 18, 2018 1:42 PM EDT A Cryptocurrency Derivatives Boom Might Be On Its Way Founded in late 2012, the Bitcoin Foundation is one of the oldest and most vocal non-profit organizations advocating for the development and use of bitcoin (BTC) in the mainstream financial world. According to the Foundation's website, the organization "coordinates the efforts of the members of the bitcoin community, helping to create awareness of the benefits of bitcoin, how to use it and its related technology requirements, for technologists, regulators, the media and everyone else globally." The foundation maintains as its vision the idea that "bitcoin will be a globally accepted method of exchanging and storing value which will operate without the need for third parties." Per these statements, it seems clear that the Foundation is a lobbying or advocacy group working on behalf of digital currencies in general and for bitcoin specifically. Aside from generally supporting the development and spread of bitcoin and raising awareness, these statements leave a fair amount of ambiguity as to what specific aims and projects the Bitcoin Foundation has taken and will take on. Below, we'll explore the creation of the Bitcoin Foundation, some of the projects and tasks it has undertaken, and some of the major players involved over the years, as well as ways in which the Foundation can be seen as controversial. According to a report by the New Yorker , the Bitcoin Foundation was modeled on the Linux Foundation and receives most of its funding through grants provided by companies which make use of bitcoin and related technologies. The Foundation began with a small group of original members, including bitcoin pioneers Gavin Andrese Continue reading >>

The Bitcoin Foundation. All About Cryptocurrency - Bitcoin Wiki

The Bitcoin Foundation. All About Cryptocurrency - Bitcoin Wiki

The Foundation and its leadership have been criticized by some in the media. [5] Executive chairman Peter Vessenes' business relationship to former board member Mark Karpeles , the former CEO of collapsed Bitcoin exchange Mt. Gox , has been highlighted as inappropriate. The Foundation has also suffered scrutiny and resignations over its hiring of former child star Brock Pierce . [6] In November 2014, the Bitcoin Foundation announced that it would seek to wind down its education, outreach and public policy initiatives as it turns its focus to core development. Three surveys conducted earlier by the Bitcoin Foundation suggest that many community members, both inside and outside of the organization, want to see it adopt a stronger focus on bitcoins open-source technology development. The Bitcoin community itself is divided over the role of the Foundation as a community or industry representative. Some libertarian Bitcoin advocates have criticized the organization's strategy of political lobbying and participation with federal regulators. In November of 2014, Cody Wilson announced his run for board seat in the Bitcoin Foundation, stating "I will run on a platform of the complete dissolution of the Bitcoin Foundation and will begin and end every single one of my public statements with that message." Professor and author Mark T. Williams criticized the Bitcoin Foundation's priorities, writing in a Business Insider editorial that "A Foundation of 'B' players has no business claiming it is a protector of a system that remains vulnerable and untrustworthy." In early 2015, Jim Harper, a fellow at the Cato Institute, and Olivier Janssens, a founder of the Freedom Investment Group, were elected to the Bitcoin Foundation's Board. In July 2015, towards the beginning of his term as b Continue reading >>

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The "bitcoin Foundation", A Supposedly Community Driven Bitcoin Advocacy Group, Has Now Been Taken Over By 'bitcoin Cash' Supporters : Bitcoin

I just received an email from the 'Bitcoin Foundation' this morning, written by a man named 'Llew Clasen'. Llew Clasen is Vinny Lingham's business partner at Newtown Ventures. Vinny, of course, supports BCH and thinks Bitcoin is failing. The 'Bitcoin Foundation' has a substantial budget and a mandate to promote bitcoin in a positive light and to advocate for it with government regulators. However, it has now been taken over by bcash supporters. Roger Ver now controls numerous media outlets and is spending a huge amount of money spreading the lie that bitcoin cash 'is the real bitcoin'. Meanwhile, bitcoin itself has a PR budget of exactly zero dollars and zero cents. Other than guys like us posting on social media, that's it. The damage being done by this social engineering and media attack is not insignificant. People who are thought leaders within the community should stop sitting on the sidelines, and make a concerted effort to correct the lies, fraud, and propaganda being spread by Roger Ver and his supporters. He owns bitcoin.com, the bitcoin twitter account, now the bitcoin foundation, there is no end to his willingness to socially engineer a PR campaign to spread lies and disinformation. Here is the complete text of the email that was blasted out this morning: A warm welcome to our new members. Every month, I send out an operational update to all members and highlight key operational issues arising since the last members update. Here are our operational highlights for March 2018: The Foundations 2018/19 planningMuch of the Foundation's activities in March revolved around planning for 2018/19. The Executive Director (ED) and Chairman of the Board prepared a financial, marketing and operating plan to commit $5 million to scale up the operations of the Foundation an Continue reading >>

Bitcoin Foundation Founder Charlie Shrem Joins Xyo Network Advisory Board

Bitcoin Foundation Founder Charlie Shrem Joins Xyo Network Advisory Board

Bitcoin Foundation Founder Charlie Shrem Joins XYO Network Advisory Board Charlie Shrem (Photo: Business Wire) Multimedia Gallery URL The XYO Network announces today that Charlie Shrem has joined the Board of Advisors. Shrem is a bitcoin pioneer, social economist, digital currency trader and is currently the founder of Crypto.IQ. His work in this field is legendary. This press release features multimedia. View the full release here: In 2011, at the dawn of the crypto era, Shrem founded BitInstant, the first and largest Bitcoin company. In 2013, he founded the Bitcoin Foundation and served as its Vice Chairman. Since then, Charlie has advised more than a dozen digital currency companies, launched and managed numerous partnerships between crypto and non-crypto companies, and is the go-to guy for some of the worlds wealthiest entrepreneurs. He recently started Crypto.IQ, a premier advisory firm providing expert research, education and advice in the world of crypto assets. In short, he is the ultimate insider at the epicenter. Shrem was an early change-maker for bitcoin, identifying some of the initial challenges and quickly working to overcome them so that it could be adopted on a mass scale. His company BitInstant was born out of the frustration of losing bitcoins due to long transaction times. At one time, it processed 30% of all bitcoin transactions. Shrem is responsible for bringing cryptocurrency to the masses by partnering with MoneyGram to allow cash deposits for bitcoin at over 700,000 US locations. Shrems first hand experience with both the actual and perceived limitations of digital currency, followed by rapid innovation to overcome them, is exactly what we need to introduce a new cryptolocation technology on a massive and global scale, said XYO Network co-found Continue reading >>

List Of Bitcoin Non-profits Around The World

List Of Bitcoin Non-profits Around The World

List of Bitcoin non-profits around the world This page will list all the known Bitcoin and crypto-currency non-profits around the world. The criterias for being on this list are: A focus on Bitcoin or crypto-currency (merely accepting Bitcoin donations is not enough) The organization needs to be either a registered non-profit or in the process of active registration. List of organizations (by country of residence) Australia: The Bitcoin Association of Australia A non-profit organization seeking to promote the adoption of Bitcoin and related crypto-technologies, as well as facilitating networking throughout the Bitcoin community in Canada and worldwide. Serguey Dobryshkin - IT & Security officer Sweden: The Bitcoin Association of Sweden Bitcoin100 is a charity organization that exists specifically to convince new charities to start accepting bitcoin donations. The PikaPay Foundation is a nonprofit dedicated to innovation in todays financial systems and is focussed on developing the Bitcoin ecosystem. PikaPay's Mission: To explore trends in science, technology, community and culture; To overcome limitations of traditional financial services; To improve lives, empower groups and individuals; and To make greater social contributions to the world. The World Bitcoin Association is a non-profit organization and intends to unite all non-profit Bitcoin organizations around the world and to spread Bitcoin and other crypto currencies. The association is not only open to worldwide active Bitcoin country organizations, but also to all Bitcoin interested persons. Continue reading >>

Bobby Lee, Brock Pierce Join Bitcoin Foundations Board Of Directors

Bobby Lee, Brock Pierce Join Bitcoin Foundations Board Of Directors

( CoinDesk ) Bobby Lee and Brock Pierce have joined the Bitcoin Foundations board of directors, after coming top in a second round of votes cast by the The run-off election featured three candidates, including BTC China CEO Bobby Lee , venture capitalist Brock Pierce and CEO of mobile gift card provider Gyft, Vinny Lingham . The results were particularly close, with Leereceiving 79% approval andPierce scoring 65% just 2% above Lingham, who received 63%. With the announcement, Lee and Piercejoin a board that includes executive director Jon Matonis , bitcoin chief scientist Gavin Andresen , Bitcoin Magazines Elizabeth Ploshay and Ribbit Capitals Micky Malka , alongsidefounder and chairman Peter Vessenes . This news follows the 1st May results of an initial round of voting , which ended with none of the original 15 candidates reaching the necessary vote threshold to win a seat. These industry seats have been vacant since the resignation of two founding members former BitInstant CEO Charlie Shrem and Mt. Gox CEO Mark Karpeles earlier this year. Open your free digital wallet here to store your cryptocurrencies in a safe place. Continue reading >>

Board Of Directors - Bitcoin Foundation

Board Of Directors - Bitcoin Foundation

Board of Directors Bitcoin Foundation 2017-06-13T00:31:50+00:00 Llew has over 12 years of executive management experience in digital marketing and product management. He co-founded Clicks2customers, SynthaSite (later Yola) and TrafficSynergy, international digital marketing properties with current billings in excess of $100 million a year. He is also an advisor and mentor in acceleration and corporate innovation programs for 2 Pan-African banks and a telecommunications company and a member of international marketing advisory boards The Forum to Advance the Mobile Experience, The Customer Experience Board and the Chief Marketing Officer (CMO) Council Advisory Board for Africa. Brock Pierce is a venture capitalist and serial entrepreneur best known for pioneering the market for digital currency. He is a Founder and Managing Partner of Blockchain Capital. Blockchain Capital has invested in more than 30 blockchain enabling technology companies. Pierce is also a founder, advisor, or board member of GoCoin, Tether, ZenBox, Blade Financial, Expresscoin, Noble Markets, BitGo, ChangeTip, BlockStreet, Coin Congress, and Plug and Play. Pierce is a BitAngels city leader and runs a top AngelList Syndicate. As an entrepreneur, hes raised more than $200 million for the companies hes founded and led more than 30 acquisitions throughout his career. Bobby Lee is CEO and co-founder of BTCC (formerly BTCChina), the first bitcoin exchange in China and the leading bitcoin financial platform worldwide. Before BTCC, Bobby was Vice President of Technology for Walmarts e-commerce business in China. Previously he was the CTO of SMG BesTV New Media, the largest IPTV operator in China with the most subscribers globally. He moved to Shanghai in 2007 and started off at EMCs China Center of Excellenc Continue reading >>

Bitcoin Foundation Board

Bitcoin Foundation Board

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Two Board Members Exit As Bitcoin Foundation Seeks Funding - Coindesk

Two Board Members Exit As Bitcoin Foundation Seeks Funding - Coindesk

Two Board Members Exit as Bitcoin Foundation Seeks Funding Bitcoin Foundation board members Jim Harper and Olivier Janssens have resigned and been removed from the trade organization, respectively, following a disagreement over the future of the advocacy group. At an 11am EST meeting today, long-standing disagreements among Bitcoin Foundation board members came to a head over a vote on whether the organization should be disbanded. Both Harper and Janssens voted to shut down the foundation. In a statement ,Bitcoin Foundation vice chairman and BTCC CEO Bobby Lee said the organization accepted the resignation of Jim Harper following the vote, a decision Harper confirmed to CoinDesk calling it "non-acrimonious". More contentious was a vote to remove long-controversial board member Olivier Janssens initiated by Lee. The vote was seconded by chairman Brock Pierce as well as remaining board members Elizabeth McCauleyand Meyer "Micky" Malka. In statements, Janssens indicated that he expressed his willingness for the foundation to continue, provided it had a plan and a direction for its future, objections shared by Harper. "They wanted everyone to start raising money, so they could come up with a plan. I said I'm not comfortable to raise money UNTIL we have a plan,"Janssens wrote in a Reddit post. The dismissals by the board members follow the publication of meeting minutes from 20th October which suggested the Bitcoin Foundation has only enough funding to continue until next March , and that recent conference efforts had drawn little revenue. According to the minutes , the board discussed the prospect of fundraising to continue efforts, and that board members were to be tasked with collecting money from the community as part of the effort. In comments to CoinDesk, Bitcoin Foun Continue reading >>

Bitcoin Foundation Board Election: Jim Harper, Olivier Janssens, Or Does It Even Matter?

Bitcoin Foundation Board Election: Jim Harper, Olivier Janssens, Or Does It Even Matter?

Last updated on January 2nd, 2018 at 12:00 am The Bitcoin Foundation is currently holding runoff elections for two of its board seats. One of these two seats is currently held by Gavin Andresen , but his term is expiring, and the other was held by Jon Matonis , until his resignation in October of 2014. The primary election actually happened between February 13th and February 19th, but none of the candidates obtained the50%+ approval rating required to claim a seat. The top 4 nominees were Olivier Janssens, Jim Harper , Bruce Fenton, and Michael Perklin, receiving approval ratings of 46.7%, 41.2%, 30.9%, and 30%, respectively. Due to this, a runoff election will be held, starting on Tuesday, February 24, 2015 and running until Friday, February 27, 2015. The goalof the Bitcoin Foundation, according to their bylaws , is to,promote and protect both the decentralized, distributed and private nature of the Bitcoin distributed-digital currency and transaction system as well as individual choice, participation and financial privacy when using such systems. While that is a noble goal, and the foundation was founded for a good purpose, its effectiveness in achieving its stated goal has been rather lackluster. In fact, at times, the foundation, or members of its board, seem to have moved in the opposite direction. Brock Pierce, one of the current board members, created Realcoin which has now changed its name to Tether. Realcoin/Tether is a digital currency tied to fiat currency, removingthe decentralized attribute. This makes absolutely no sense, as Bitcoins decentralization is an integral part of its purpose, and it seems strange that a board member of the BITCOIN Foundation is working on an altcoin. His focus should be squarely on Bitcoin itselfnot on finding a way to tie digit Continue reading >>

Mtgox Chief Mark Karpeles Quits Bitcoin Foundation

Mtgox Chief Mark Karpeles Quits Bitcoin Foundation

MtGox chief Mark Karpeles quits Bitcoin Foundation These are external links and will open in a new window Image caption The value of Bitcoin has fluctuated in recent months The chief executive of Bitcoin exchange MtGox, Mark Karpeles, has quit the board of the Bitcoin Foundation, which oversees and develops Bitcoin software. It comes shortly after MtGox halted transfers of the digital currency to external addresses after it spotted what it called "unusual activity". The halt resulted in a sharp decline in the value of Bitcoins. Last week, MtGox - one of the largest Bitcoin exchanges - said customers should be able withdraw funds "soon". Meanwhile, all tweets on MtGox's Twitter account have also been deleted. The Bitcoin Foundation said that Mr Karpeles's resignation would be "effective immediately". It is the foundation's second high-profile resignation in the past month. Another board member, Charles Shrem, stepped down in late January after being arrested and charged with money laundering in connection with his Bitcoin company. Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are willing to exchange it for. To process Bitcoin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution. For each problem solved, one block of Bitcoins is processed. In addition the miner is rewarded with new Bitcoins. This provides an incentive for people to provide computer processing power to solve the problems. To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a st Continue reading >>

Bitcoin Foundation Category Coinspeaker

Bitcoin Foundation Category Coinspeaker

Bitcoin Is the Pin to Pop the Financial Bubble, Says Bitcoin Foundations Jon Matonis Matonis believes that we are now entering the post-legal tender age that isnt driven by central banks and decentralized cryptocurrencies like Bitcoin will cater to this shift. New Bitcoin Improvement Protocol Will Be Implemented on August 1 Followed by a 2MB Hard-Fork The proposal is written under the assumption that the signatories to the Consensus 2017 Scaling Agreement are genuinely committed to the terms of the agreement and intend to enact the updates described therein. Bitcoin Price Hits New All-Time High at $2472 as Scaling Consensus Reached A consensus on how to increase the blockchain network capacity has finally been reached, pushing the price of the digital currency to a new record high. On Tuesday, the Bitcoin Foundation members voted to remove Olivier Janssens and Jim Harper from its board. Bitcoin Developers Write an Open Letter to the Community About Network Scalability The letter aiming at uniting all bitcoin supporters has been signed by many of the virtual currency developers. Bitcoin Foundation Director Suggests to Remove Satoshi Nakamoto as Founding Member New executive director of the Bitcoin Foundation suggested at Inside Bitcoins NYC 2015 Conference that Satoshi Nakamoto should be removed as a founding member. Bitcoin vs. the Blockchain Why It Matters In this 5,000-word analysis on the differences between Bitcoin and the Blockchain, Daniel M. Harrison argues that identifying the two apart from one another has to be the first priority. Bitcoin Foundation Welcomes Bruce Fenton as New Executive Director In a vote consisting of five ayes and one abstention, the Bitcoin Foundation has chosen a new Executive Director. Bitcoin Foundation Hit By Losses, Restructuring Pla Continue reading >>

Bitcoin Foundation - Wikipedia

Bitcoin Foundation - Wikipedia

The Bitcoin Foundation is an American nonprofit corporation . It was founded in September 2012 with the stated mission to "standardize, protect and promote the use of bitcoin cryptographic money for the benefit of users worldwide." [1] The organization was modeled on the Linux Foundation and is funded mainly through grants made by for-profit companies that depend on the bitcoin technology. [2] In March 2014, the Foundation hired Jim Harper of the Cato Institute as Global Policy Counsel and Amy Weiss of Weiss Public Affairs as a media consultant. [3] According to its founding documents, the Bitcoin Foundation's original members included Gavin Andresen , Charlie Shrem , Mark Karpeles , Peter Vessenes, Roger Ver , and Patrick Murck. Current board members are divided into one of three categories: Founding Members, Industry Members, and Individual Members. The board is made up of a combination of elected members of the aforementioned categories. Former lead bitcoin developer Gavin Andresen is employed by the foundation as "chief scientist." [2] In June 2013, the foundation received media attention when it published a letter from the California Department of Financial Institutions requesting that they "cease and desist from conducting the business of money transmission in this state," [4] and again when it published their detailed response to the regulators. [5] In November 2013, Patrick Murck, general counsel of the Bitcoin Foundation, testified before a United States Senate committee convened to assess digital currencies, at which the reception of bitcoin by lawmakers was generally positive. [6] In July 2014, Bitcoin Foundation retained Lobbying Group to take the Cryptocurrency to Washington. [7] Bitcoin Foundation's board of directors, as of May 2014, included chairperson Continue reading >>

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