Updated list of the foundation's bugs:
1. The name "The Bitcoin Foundation" wrongly suggest that it is the central authority that controls Bitcoin.
2.
The hosting company of the BitcoinFoundation.org is (with high probability) a Government-run honeypot.3. There is no safe way for people to have a vote in the Foundation without giving up their identities (which could prove fatal in case of Bitcoin users are declared terrorists, or government tries to confiscate Bitcoins from them).
4. Lack of clear privacy policy. No mention about security of member's personal data (are the servers encrypted or whatever).
6. The organization is not for profit which means it can't go bankrupt should it provide a crappy service as long as big businesses are prepared to open their purse they can operate indefinitely. (a scary thought)
7.
The foundation servers are in US, making it trivial for FED & law enforcement to raid them & gather all TBF member data.(
optional) - The CEO of MtGox (with all the problems with anonymity, taint listing, AML shit, KYC shit and arbitrary account freezing in this exchanger) is a founder.
(
optional) - The lead dev who owns the git access and is a founding member and a member of the board of directors for the next two years is a conflict of interest.
First, I would like to thank you very much, ShadowOfHarbringer, for collating this list of the numerous issues surrounding the launch of "The Bitcoin Foundation".
I would like to add my name to the list of those having grave concerns about this initiative. I am surprised and disappointed that so few people have expressed their concern so far about TBF.
I agree fully with all your points so far, and would like to add my feelings.
Personally I strongly feel that the fact that all founder members are from the USA, or based there, with the sole exception of Mark Karpeles, and the fact that the Foundation is registered in the USA, not only exposes Bitcoin itself to problems with US law, but denies the international, decentralised nature of Bitcoin. As a non-USA citizen, I already feel excluded, and that this Foundation is presenting itself, and therefore Bitcoin, as an exclusively US venture. There is very little in their slick corporate PR on the website which mentions of the International nature of the Bitcoin community.
I am surprised that no International Bitcoin users have expressed their dismay about this.
Secondly, I find it extremely naive of them in their "Mission statement" to announce that Bitcoin is "a non-political online money". Or perhaps this is actually a clear indication of their cynical plans to "legitimise" and depoliticise Bitcoin. The use of Bitcoin is extremely political in many ways, and can in the future become even more so as it grows. It can, and will, in my opinion, influence and undermine the control that the corrupt banking institutions have over everyone's lives. It can be or become a tool for citizens in repressive regimes to use currency without state control. It deeply concerns me that the Bitcoin Foundation cabal seem to be actively and aggresively pushing Bitcoin into the corporate arena, and seeking to undermine the potential for personal choice and freedom from corporate oppression. A clear recent example has been the possibility to donate to organisations such as Wikileaks which the US/ Corporate machine tried to suppress.
Again, I am surprised that so few Bitcoiners seem worried about this slide into apathetic, apolitical corporate compliance.
I appeal to all Bitcoin users to carefully consider all of these issues, and to register their rejection of this cynical attempt to hijack our wonderful social experiment in it's infancy.