Bitcoin needs protection from the Powers That Be until it is successfully established. Right now, bitcoin is weak, and needs as much protection as possible until it is thoroughly engrained, established within our world. This is the same reason why Satoshi
did not want wikileaks donations.
Think long game, people.
Bitcoin is a new, game-changing concept for the world. It potentially means monetary freedom for millions (billions?). We have had a decentralized world currency before -- gold -- but bitcoin has many features even gold does not provide. You cannot memorize gold (
brain wallet) and transport it with complete privacy.
Bitcoin is more stable than some real-world African fiat currencies. Mobile phone technology is rapidly spreading across Africa, to even places where electricity and Internet do not reach. Monetary freedom provided by bitcoin could transform lives in Africa
today.
Bitcoin enables border-free remittances for near-zero cost, enabling rich Asian and Western countries to send their poorer relatives bitcoins -- less money for the Western Union middlemen, and more for your relatives.
Most of all, bitcoin is a truly unique, young gem of an experiment: a currency (commodity?) supply that will slowly increase to 21M, then remain. A decentralized currency, whose supply is validated by the global userbase and not adjusted at a whim by an elite few central bankers.
That experiment deserves time to take root and grow.
A
heterogeneous mix of nation-state and decentralized currencies will provide a healthy check-and-balance ecosystem for world currencies. With greater knowledge born of field experience and competition, each currency may learn from the other.
If the Bitcoin Foundation can buy bitcoin some time to get established, while staying true to the original Satoshi vision (decentralized, global, 21M), it seems worth it. There is no objective evidence that any of the founding members have or want to deviate from Satoshi's vision.
A decentralized, join-if-you-like foundation works well, and is an established model proven successful in other open source projects like Tor or Linux. If you have multiple parties who might have conflicts of interest, organizing a neutral entity is a logical step. However kind, it is ethically questionable for Intel or AMD to directly pay Linus Torvalds' salary. The Linux Foundation exists as a neutral entity, neutral ground where otherwise competitive interests meet for the good of the ecosystem. It does not erase conflicts of interest, but does serve as an open, transparent body of action.
If any of us ever deviates from Satoshi's core vision... fire us. Please. Satoshi gave you the power. Refuse to upgrade or choose a new client. Vote with your feet, your computer and your wallet.