Bitcoin Foundation members are resigning! - page 3.

Xelpherpolis

sr. member

Activity: 476

Merit: 250

Quote from: Nathonas on May 11, 2014, 08:52:46 PM

I can't believe anyone would be a member in the first place. Who the hell thought a foundation claiming to represent a decentralized currency was a good idea?

And the best part of course, you have to pay money to join! They even have a "Platinum: $100,000" option. What a blatant money-making scheme. Can we just stop mentioning this stupid, pointless organization and let it die?

Could not put if better myself, let this pointless "foundation" die. They do not represent the bitcoin community at all, any "company or foundation" can, they are not special, and most members of the foundation are money grabbers. You are stupid if you pay to be a member of this foundation, they will do nothing but damage bitcoin.

Nathonas

sr. member

Activity: 280

Merit: 250

Knowledge is Power

I can't believe anyone would be a member in the first place. Who the hell thought a foundation claiming to represent a decentralized currency was a good idea?

And the best part of course, you have to pay money to join! They even have a "Platinum: $100,000" option. What a blatant money-making scheme. Can we just stop mentioning this stupid, pointless organization and let it die?

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: BitBlitz on May 11, 2014, 07:55:20 PM

Quote from: adub on May 10, 2014, 06:29:05 PM

I wish I could change my avatar image. Embarrassed

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Changing avatars is currently not possible.

Sig updated.. Embarrassed

Nice sig. I just wish the EFF didn't come up so often during my searches unrelated to them, for it makes me want to did deeper, and I'm not quite ready for that rabbit hole if one exist.

BitBlitz

sr. member

Activity: 285

Merit: 250

Turning money into heat since 2011.

Quote from: adub on May 10, 2014, 06:29:05 PM

I wish I could change my avatar image. Embarrassed

From profile settings.
Changing avatars is currently not possible.

Sig updated.. Embarrassed

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: BCB on May 11, 2014, 06:54:39 PM

This just in:
Brock Pierce, Associate Of Embattled X-Men Director, Joins The Bitcoin Foundation
http://www.buzzfeed.com/nicolasmedinamora/brock-pierce-associate-of-embattled-x-men-director-joins-the

I have first dibs on posting the first Brock Pierce meme: https://bitcorati.com/2014/05/11/leave-brock-pierce-alone-rumors-bitcoin-foundation-board-member/

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: tokeweed on May 11, 2014, 06:49:01 PM

Quote

He points to Charlie Shrem (former BitInstant CEO and accused money launderer), Mark Karpeles (former Mt. Gox CEO), and Brock Pierce (newly-elected board member who has dealt with legal issues of his own) as reasons why the Foundation is headed the wrong way.

it's beginning to look like 'the heads of the 5 families' from the Godfather.

http://two-bit-idiot.tumblr.com/

Quote

"Just wanted to thank you for writing this. It was a courageous move, but I think very important. I don’t know what to make of this whole story, and I feel terrible for Brock if he’s just a victim in all this as well. But, we just can’t afford more scandal for the industry or the foundation in particular right now."

Courageous move my fuckin' ass! Prior to me posting on Brock Pierce ~3 weeks ago, there were only 3-4 mundane posts pertaining to him on this forum. Now, his cohorts are exposing their user accounts on this forum, some stemming back over three years.

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: johnyj on May 11, 2014, 05:50:27 PM

Quote from: seriouscoin on May 11, 2014, 12:11:16 AM

Quote from: johnyj on May 10, 2014, 11:40:36 PM

Never been a fan of TBF, and I don't think they have done anything enough meaningful for bitcoin

But if the foundation members could jointly provide some fiat reserve as backing for bitcoin, to ensure its price stability, I might consider join Cool

The dumbest thing i have heard this year.... i hope nothing can top this. This forum never cease to amaze me tho.

To be a currency, you need some degree of price stability, otherwise it is just a speculative commodity with wild price swings. If all the bitcoin-accepting merchant immediately convert coins to fiat money to avoid exchange risk, bitcoin will not become a true net currency that is fiat money independent

With a large bitcoin and fiat money reserve, the volatility can be greatly reduced, to make it function more like a normal currency

I am a fan of most your ideas johnyj, but I don't think your proposed fiat bidwall idea would work. Let's imagine that for several months it actually accomplishes what you want and we see a reduction in bitcoin price volatility. If this happens, then bitcoin becomes more useful as a currency like you said. But if it becomes more useful, then demand to hold bitcoin will increase, thereby pushing up the price. Eventually, the price will explode upwards again, rise too high too fast, and eventually crash--increasing volatility all over again.

So I think the only way to reduce volatility is to increase adoption (and thus bitcoin's market cap) organically .

BCB

vip

Activity: 1078

Merit: 1002

BCJ

This just in:
Brock Pierce, Associate Of Embattled X-Men Director, Joins The Bitcoin Foundation
http://www.buzzfeed.com/nicolasmedinamora/brock-pierce-associate-of-embattled-x-men-director-joins-the

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: Polycoin on May 11, 2014, 06:33:04 PM

Please remove my name from the Bitcoin Foundation, I, Polycoin, am resigning.

Roll Eyes

Dude, you need to go here https://bitcoinfoundation.org/forum/index.php?/topic/951-post-your-bitcoin-foundation-resignations-here/ then come back and let us know your queue position, unless you want to sell it, then I suggest going to the Marketplace section.

Hey, I just thought of something. As people resign, I move up the ladder. Having never been in any bitcoin mining hardware queues, I find this... Not sure what I find, but I move up nonetheless.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote

He points to Charlie Shrem (former BitInstant CEO and accused money launderer), Mark Karpeles (former Mt. Gox CEO), and Brock Pierce (newly-elected board member who has dealt with legal issues of his own) as reasons why the Foundation is headed the wrong way.

it's beginning to look like 'the heads of the 5 families' from the Godfather.

Polycoin

sr. member

Activity: 294

Merit: 250

Please remove my name from the Bitcoin Foundation, I, Polycoin, am resigning.

Roll Eyes

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Quote from: seriouscoin on May 11, 2014, 12:11:16 AM

Quote from: johnyj on May 10, 2014, 11:40:36 PM

Never been a fan of TBF, and I don't think they have done anything enough meaningful for bitcoin

But if the foundation members could jointly provide some fiat reserve as backing for bitcoin, to ensure its price stability, I might consider join Cool

The dumbest thing i have heard this year.... i hope nothing can top this. This forum never cease to amaze me tho.

To be a currency, you need some degree of price stability, otherwise it is just a speculative commodity with wild price swings. If all the bitcoin-accepting merchant immediately convert coins to fiat money to avoid exchange risk, bitcoin will not become a true net currency that is fiat money independent

With a large bitcoin and fiat money reserve, the volatility can be greatly reduced, to make it function more like a normal currency

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Since The Bitcon Foundation is big too fail, I propose saving it with Save TBF at savetbf.org.

Here's the plan. Start a company and register it in Cyprus, calling it SunAdo, named after Lot's wife. With me so far? Good! Then we raise VC capital of $10xM USD and buy it out. Then, we get theymos' website builder guy who improved this forum with the $350K USD he received to-date of the $1M USD projected to finish the job to revamp TBF. Then, we put some low-lives on the board and fucked it all up again.

The other option is to let Bitcoin Association fill the role of TBF... WHAT THE FUCK AM I PENNING?

BCB

vip

Activity: 1078

Merit: 1002

BCJ

The only reason I joined was to go to the conference in San Jose. That was a watermark event here in the US. A great conference and an important milestone. The foundation (Patrick Murck specifically) make great progress with the US government in Washington.

With the election of Pierce they are just a travesty and it negates much of the good they have done in the past.

IIOII

legendary

Activity: 1153

Merit: 1012

Quote from: adub on May 10, 2014, 06:29:05 PM

I wish I could change my avatar image. Embarrassed

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Never thought I would read something like this so soon when I (among a few others) criticized TBF from day one. At that time such criticism was not well received at all.

Thumbs up for admitting a mistake.

TBF has already done a lot of damage. Disband it asap.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: adub on May 11, 2014, 10:46:46 AM

Quote from: BTCat on May 11, 2014, 10:12:29 AM

Quote from: adub on May 10, 2014, 06:29:05 PM

I wish I could change my avatar image. Embarrassed

From profile settings.
Changing avatars is currently not possible.

it's easy. Log out. Register new account. Done Wink

And start all over as a noob? Roll Eyes

Not just any n00b, but one that founded the bestest ASIC-based bitcoin miners on the market today. Sell and deliver a few, then announce your next line taking pre-orders. But, remember: Offer refunds; guarantees; MPP; Visit the office anytime; Keep updating the renditions on the site; Support; Free shipping; Coupons; Vouchers; Cheap hosting; Accountability; Transparency; Free beer on Thursday.

The hardest part will be giving your sockpuppets clever names so that they can espouse your venture. One more thing: Pick a country to pretend to be operating from that's known for corruption, albeit most have already been use, thus just make one up, i.e. Ufuctonia.

adub

full member

Activity: 171

Merit: 100

Changing avatars is currently not possible.

Quote from: BTCat on May 11, 2014, 10:12:29 AM

Quote from: adub on May 10, 2014, 06:29:05 PM

I wish I could change my avatar image. Embarrassed

From profile settings.
Changing avatars is currently not possible.

it's easy. Log out. Register new account. Done Wink

And start all over as a noob? Roll Eyes

bananas

sr. member

Activity: 364

Merit: 257

i wonder how they still have lots of companies as members, there must be a big scam going on that is more worth than the companies image

BTCat

legendary

Activity: 1960

Merit: 1010

Quote from: adub on May 10, 2014, 06:29:05 PM

I wish I could change my avatar image. Embarrassed

From profile settings.
Changing avatars is currently not possible.

it's easy. Log out. Register new account. Done Wink

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: johnyj on May 10, 2014, 11:40:36 PM

Never been a fan of TBF, and I don't think they have done anything enough meaningful for bitcoin

But if the foundation members could jointly provide some fiat reserve as backing for bitcoin, to ensure its price stability, I might consider join Cool

The dumbest thing i have heard this year.... i hope nothing can top this. This forum never cease to amaze me tho.

Topic: Bitcoin Foundation members are resigning! - page 3. (Read 8384 times)