Topic: [ANN] Bitcoin Foundation - page 2. (Read 127559 times)

 

Someone who cares more about the bitcoin as it is more than a better protocol that may come forward probably is already in the forward. Not saying that all or even most members of the foundation care more about bitcoin than what may come of it.

If you make your own successful fork, you most likely reduce trust and confidence in bitcion, i.e. the sum value of the improved fork and the TBF fork is less than the value of the original TBF fork.

You are better off spreading your cheeks for the corrupt foundation rather than splitting the foundation into a corrupt and an honest faction.

I understand, but hopefully law doesn't prevent the voting to be accomplished in a provably-fair way while still being overseen by authority. Again the old system didn't have all the tools to make it happen properly, so looking back into the past for a solution is not the right approach in this case.

Any organization with registered members who pay a membership fee with Bitcoin is a perfect setup for emergence of a provably-fair voting. It can be done in addition to the already existing formal procedure required by the law.

In short, members cast a vote by sending a message signed with the private key from a Bitcoin address used to pay their membership fee. Then the whole registry of these messages is made public for everyone to check and scrutinize.

It's even possible to do this in the current BF setup without changing the procedure of collecting fees.
They can assign a Bitcoin address (with private key) to each member internally (without giving out the private key), then transfer all the fees they collected first to these addresses and then back to one single public BF address. This will make it possible to verify via blockchain that votes are coming from the addresses which paid the fee. Then when member presses the vote button BF simply signs the message with corresponding private key on his/her behalf and publishes the registry. Each member then knowing his Bitcoin address can verify that his vote is correct and everybody can verify that votes are coming from addresses that paid the fee (making them de-facto members).

As Technomage pointed out, the problem with opening the BF forum to the public is that (mostly) real names are used. It should remain closed to search engines and general public. We can and will continue to discuss important issues here, on this forum, and BF will not change it whatsoever. I am sure any important issues pertaining to Bitcoin which are brought up in the closed BF forum will find their way to this forum too. I'll do my best anyway.
 

I for one do not believe any of the FUD about TBF.   These developers have been maintain the security and integrity client free of charge, and evidently in the best interests of the community.  Mt. Gox and Bitinstant are two of the largest bitcoin businesses (that I am aware of) and are perfectly legitimate to be involved in an organization that will help lead and direct the future of bitcoin.  What they are doing is perfectly legitimate until proven otherwise. 

And if you don't like it start you own Foundation or Organization.  But crying foul and spreading FUD with out any foundation just makes them look ridiculous as they are and does not do the community any good.

So if the nay-sayers wanted to start a thread entitles "my concerns about the bitcoin foundation" and intelligently and thoughtfulness laid out their arguments, it might actually spark an intelligent debate in which the bitcoin foundation may even participate and could lead to further transparency. 

Otherwise they are just pooping in these threads and making a mess.
 

I haven't been following the discussion, but this an extremely good point. I could also be put as "Everyone is free to make his own bitcoin foundation".

The only thing that could be brought up is that the foundation is entangled through Gavin (and others, don't know) with the satoshi client developers, so that way the votes could influence protocol development. But then: Everyone is free to make his own client and/or fork.

Ok, so they vote.  So what?  What do you think they will be voting on, and who do you think will be bound by the votes?  What sort of matters do you think that foundation has authority over?

Ok I am going to say it one more time. Both companies have employees, both companies' employees are probably more than likely in the foundation, they can vote based on what would be best for the companies if a vote like that comes up. I don't get why they have two big businesses sitting on a board for an open source project, where they stand to be able to gain from it. Businesses and the bitcoin should be as far a part as they can be, this is how we ended up in the mess we are in today. Again it isn't "baseless assertions that the foundation has magical powers of evil", it is called "Greed" and this is just the beginning.

You haven't even said it once yet!  You are just repeating your baseless assertion that the foundation has magical powers for evil.

And if you really think that my English skills are lacking, I'd be happy to take the red pen to your posts and fix all of your trivial errors.

https://bitcoinfoundation.org/blog/

Any update from the Foundation? Whats up?

Obviously you can't read and maybe english isn't your first language but I clearly say what power. I am not repeating my self for a third time.

Anonymity is something very good in certain cases and very convenient. Everybody should have the right to be anonymous if they want to, no doubt about that. But if you want undecided people to believe you, at the end of the day, you have to stand by your real name. Period.

All we must be grateful to people using their real names on every bitcoin forum (incl. BTCF) because they will be the ones that will take most of the storm when fiat money oligarchy hits back. But thats the human nature you know... There is a Chinese saying - When the wind of change blows some people build shelters while others build windmills!

So, stand by your name but if only there is necessity. Bitcoin Foundation is such a necessity.

Ugh.  What power?  That's what I'm asking you.  I'm not asking you to repeat your position that there are magical powers involved, I'm asking you "What power?".

P.S.  It was hardly behind your back.

I will not join anything that requires my real name to be visible to anyone with access to a particular forum. Period.

I was on the fence about joining, not anymore. I think its wonderful certain people want their real names associated with Bitcoin. I don't.

Why not introduce checks and balances through radical reform?

I've went over this long before there was talk of a foundation (https://bitcointalksearch.org/topic/unregulated-corporation-cryptocurrency-75029), but I'll reiterate.

The way the foundation should be coded into the blockchain and operate as follows:

1) The head of the foundation is elected by bitcoin owners.                                        (the head is just a bitcoin address)
2) Bitcoin owners vote to levy a tax on all bitcoin txns in order to fund the foundation.    (the tax is just block reward and/or txn fees paid to the elected address
                                                                                                                        Bitcoin owners decide whether to pay nothing, a little, or a lot to the address).

Positive Consequences:
1) If the foundation is useless, then bitcoin owners can vote to close it by depriving it of all funding.
2) If the foundation is sound, but the head is useless, then bitcoin owners can vote in a new head.
3) If (1) or (2) are true, but users don't realize it, then outside investors can buy up bitcoin and do (1) and/or (2). If the outside investors are right they can sell out at a profit.
4) Because of (1) and (2), the foundation needs to provide useful services to get a paycheck.
5) Because of (3), the foundation faces the threat of competition with other organizational structures.
6) Selfish users are not allowed to free ride.
7) The foundation serves the entire community, not just special interests who offer bribes.
Contributors are completely anonymous. In theory the foundation could be anonymous too.

They can turn computer code into money. That's like alchemy, which is a form of magic.

Thanks for your little message, you just make yourself look dumb by hiding it like a 13yrs old behind my back. Don't you think that all there employees are in the bitcoin foundation, and have voting rights. It isn't magic is called "position" and they are in two very powerful positions, in there seats. There are no checks and balances in this foundation. The members of this foundation are easily swayed, as both for the most part are very popular. If I created the foundation I would have no business people holding any more power than the population, to be honest even gavin has more power than he should. The people on the foundation should have nothing to gain, but wanting to spread the word of bitcoin. While bitinstant and mt gox are great services and spread the word of bitcoin very well, they have too much riding on bitcoin. This is where the foundation will fail and become corrupt if you don't believe me then so be it, and continue to suck on nipple of foundation as they pretend to be transparent.

How can they "edge out companies"?  How?  What magical powers do you imagine this foundation possesses?

(Caveat: your answer must not assume that everyone is as dumb as you)