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Topic: Calling out the Bitcoin Foundation Scam. (Read 22593 times)

sr. member
Activity: 434
Merit: 250
this is perhaps something like how a real foundation *should* have been set up
http://sovereign.rgspix.com/?p=4

TheScribe(Europe) has been working on this idea for a long time now, and we are close to (re)launching our alt coin - The Sovereign.
this coin will in no way compete with Bitcoin, but it would have been nice if 900TH/s hadn't dumped an attack on us, right out of the gate a launch (justsaying).

so.. foundation.. isn't that a form of make-up for the female gender (and actors)

hero member
Activity: 616
Merit: 500
I got Satoshi's avatar!
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
OP please lock this thread. It's served its purpose and you were proven right. TBF is a bunch of scummy fucks. Oh, never mind. I forgot you're permabanned.


Off-topic discussion was moved to Meta https://bitcointalksearch.org/topic/mpoe-pr-off-topic-discussion-split-from-calling-out-the-bitcoin-foundation-scam-608857
sr. member
Activity: 476
Merit: 250
Bitcoin Foundation? .... please go away. Its amazing how powerful these geeks delude themselves to be.
newbie
Activity: 11
Merit: 0
Why not establishing new foundation, with paid members ( 0.00001 BTC), with voting system, and everything virtual?
Why let anyone take credit for anything, and get paid to talk on tv and other places!
If we can want to keep bitcoin free from Banks and Gov!We need to act professionally!

Foundation with serious members will gain respect!

Also someone should think about Central Bank idea! something totally new! Not a copy cat of Feb or other Central Bank current systems!

 
member
Activity: 128
Merit: 10
Alt coins are and will remain a play thing. These are decided by the people who matter, and the people who matter aren't either the derps vying for the spotlight "doing" altcoins nor the derps vying for the spotlight "doing" foundations, conferences, articles and assorted bullshit.
I think you underestimate the alt-coins. If most people got burnt on MtGox they don't mind switch over to an alt-coin, they got nothing to lose.

Ripple is the best alt-coin right now since it's based on other assets than itself (the users add the intrinsic value).

but that is true of Mastercoin, too. Plus, Mastercoin is REALLY decentralized (not controlled by some Ripple Labs, Inc. holding the 'commodity' used in the system and, at the same time, being some totally un-decentralized and un-peer-to-peerish CENTRAL POINT OF FAILURE, if not authority, too)...

So taking your argument a step further, wouldn't Mastercoin also qualify as "best" then (or even "better-than-best")?

Just curious.
legendary
Activity: 1330
Merit: 1000
It was thought out, constructed and initially run by Peter Vessenes

Apparently Shrem has taken credit for the idea.
hero member
Activity: 756
Merit: 522
Holding the keys has also made early comers to Bitcoin wealthy beyond measure. "I made a small investment in Bitcoin and it is actually enough that I could now retire if I wanted to," Andresen says. "Overall, I've made about $800 per penny I've invested. It's insane."

How legit is this high profile bitcoin foundation figure?

So he prefers US dollars over bitcoins? So he speculate instead of using it as a currency? Seems legit.

Any revolutionary idea will be at first promoted by people that just happen to be around at the time. So he thinks the world in dollars, what of it. So he won't be around for much longer, at least not in the sense of relevance. What of it.

They are moving the main office to the UK. "Section 1.1 Principal Office" of their Bylaws state they will maintain an office in DC which, of course, they never did because they're a virtual org. Now they are going to really have their first brick & mortar office and it will be somewhere other than stated in their own charter. What a clusterfuck of maniacal egomaniac geeks. I don't think there's a single upper member of that organization that I would let park my Mercedes if they worked as a valet. They must have completely screwed up all of the meetings in Washington so they are going to give the UK a try now. We will never know how badly they performed in Washington because they don't even keep their own membership informed. The membership must learn what's happening at the foundation from Reddit. lol

It's always funny what comes out of geeks meeting politics.

But yes, leaving aside they failed to ever produce as much as a fucking report, let alone one up to standard, asking them for minutes seems way over the top. And besides, who wants more of that crap.

Where is the center of BTC?

IRC.

turn left at the unicorn

That's the other one.
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
turn left at the unicorn

Had a similar opinion to this group and the forum as a whole. What are they truly doing to further bitcoin besides holding conferences; yeah they're great, but are they advertising bitcoin? Not really.

The forum is great but the amount of donations kind of exceeds what is really needed. The bitcoins of the forum aren't even being used that much and there are a lot of things the forum could do to promote bitcoin as well as improve the forum and its code too. The forum, eye-attracting wise, isn't that alluring. I feel many would feel the same way here.

This forum hasn't been close to the center of BTC in quite some time.

Where is the center of BTC?
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Had a similar opinion to this group and the forum as a whole. What are they truly doing to further bitcoin besides holding conferences; yeah they're great, but are they advertising bitcoin? Not really.

The forum is great but the amount of donations kind of exceeds what is really needed. The bitcoins of the forum aren't even being used that much and there are a lot of things the forum could do to promote bitcoin as well as improve the forum and its code too. The forum, eye-attracting wise, isn't that alluring. I feel many would feel the same way here.

This forum hasn't been close to the center of BTC in quite some time.

Where is the center of BTC?
hero member
Activity: 700
Merit: 500
Had a similar opinion to this group and the forum as a whole. What are they truly doing to further bitcoin besides holding conferences; yeah they're great, but are they advertising bitcoin? Not really.

The forum is great but the amount of donations kind of exceeds what is really needed. The bitcoins of the forum aren't even being used that much and there are a lot of things the forum could do to promote bitcoin as well as improve the forum and its code too. The forum, eye-attracting wise, isn't that alluring. I feel many would feel the same way here.

This forum hasn't been close to the center of BTC in quite some time.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
They are moving the main office to the UK. "Section 1.1 Principal Office" of their Bylaws state they will maintain an office in DC which, of course, they never did because they're a virtual org. Now they are going to really have their first brick & mortar office and it will be somewhere other than stated in their own charter. What a clusterfuck of maniacal egomaniac geeks. I don't think there's a single upper member of that organization that I would let park my Mercedes if they worked as a valet. They must have completely screwed up all of the meetings in Washington so they are going to give the UK a try now. We will never know how badly they performed in Washington because they don't even keep their own membership informed. The membership must learn what's happening at the foundation from Reddit. lol
hero member
Activity: 602
Merit: 500
Acc bought - used solely for signature testing
Had a similar opinion to this group and the forum as a whole. What are they truly doing to further bitcoin besides holding conferences; yeah they're great, but are they advertising bitcoin? Not really.

The forum is great but the amount of donations kind of exceeds what is really needed. The bitcoins of the forum aren't even being used that much and there are a lot of things the forum could do to promote bitcoin as well as improve the forum and its code too. The forum, eye-attracting wise, isn't that alluring. I feel many would feel the same way here.
sr. member
Activity: 364
Merit: 257

Except that we are not interested in telling people what they can and can't do with their money. Bitcoin was not designed as a speculative financial instrument, but you can try doing it anyway.

The news is full of statements of the foundation as its members as if it were an investment. Period. And if the foundation was legit they would tell, just tell, people what they can and can't do with it. No country tolerates speculation with its currency for obvious reasons, bitcoin should be no different.

I'm a speculator myself, but anything that has the intention of representing bitcoin can't be or have members who are.


Ok then. I command you to stop speculating!  Grin

But seriously, no one can or should make rules about what you do with your money. That would never fly at the foundation.

I agree but it is not about rules, it is about the foundation representing Bitcoin. They are not doing it, and not giving the example themselves.

They are only representing speculators, cause that's exactly what they are.

From the foundation website:
"We approach that mission with Bitcoin’s technology and community as our focus. There is tremendous potential in Bitcoin—from the opportunities it creates for entrepreneurs to the purchasing power it provides for citizens of countries large and small."

 They are doing exactly the opposite by speculating,  they don't care for anything other than their own short term interests. The quoted statement is hilarious to me. It is a scam !
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!

Except that we are not interested in telling people what they can and can't do with their money. Bitcoin was not designed as a speculative financial instrument, but you can try doing it anyway.

The news is full of statements of the foundation as its members as if it were an investment. Period. And if the foundation was legit they would tell, just tell, people what they can and can't do with it. No country tolerates speculation with its currency for obvious reasons, bitcoin should be no different.

I'm a speculator myself, but anything that has the intention of representing bitcoin can't be or have members who are.


Ok then. I command you to stop speculating!  Grin

But seriously, no one can or should make rules about what you do with your money. That would never fly at the foundation.
sr. member
Activity: 364
Merit: 257

Except that we are not interested in telling people what they can and can't do with their money. Bitcoin was not designed as a speculative financial instrument, but you can try doing it anyway.

The news is full of statements of the foundation as its members as if it were an investment. Period. And if the foundation was legit they would tell, just tell, people what they can and can't do with it. No country tolerates speculation with its currency for obvious reasons, bitcoin should be no different.

I'm a speculator myself, but anything that has the intention of representing bitcoin can't be or have members who are.

sr. member
Activity: 364
Merit: 257
Holding the keys has also made early comers to Bitcoin wealthy beyond measure. "I made a small investment in Bitcoin and it is actually enough that I could now retire if I wanted to," Andresen says. "Overall, I've made about $800 per penny I've invested. It's insane."

How legit is this high profile bitcoin foundation figure?

So he prefers US dollars over bitcoins? So he speculate instead of using it as a currency? Seems legit.

legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
The problem with the foundation is that they are nothing more than speculators themselves and don't even have elementary skills to hide it. They are not interested in the long term success of bitcoin.

 Typical statement of bitcoin foundation(or a member) when a big scam, theft etc happens "You should not invest more than you are willing to lose.". If the foundation was legit they would say "It is not an investment, get just enough you need for your commercial transactions if you do any at all. Speculators must be banned from our community, we are working on it."
Except that we are not interested in telling people what they can and can't do with their money. Bitcoin was not designed as a speculative financial instrument, but you can try doing it anyway. The part about not "investing more than you can loose" is not a bitcoin thing, that comes from stock trading.
Lastly, some members of the BF have been helping bitcoin succeed since the beginning. To say the BF is not interested in the long term success of bitcoin is to say that you don't know about the BF. 
sr. member
Activity: 364
Merit: 257
 The problem with the foundation is that they are nothing more than speculators themselves and don't even have elementary skills to hide it. They are not interested in the long term success of bitcoin.

 Typical statement of bitcoin foundation(or a member) when a big scam, theft etc happens "You should not invest more than you are willing to lose.". If the foundation was legit they would say "It is not an investment, get just enough you need for your commercial transactions if you do any at all. Speculators must be banned from our community, we are working on it."
newbie
Activity: 28
Merit: 0
Yeah, what a scam to take peoples membership money and use it to organize conferences, lobby regulators, provide a resource for business and the press, to provide a space to coordinate the volunteer efforts of dozens of people who actually do something. Wow such scam! Only a doggy based coin could save us now.  Roll Eyes


imho-->> you all don't do shit!(*except maybe G-man)

fyi~I happen to be a Bitcoin Foundation "Volunteer"

...how am i doing? LOL

:-)

weeeeeeeee
Your doing about as well as we thought you would.

i know i've been slacking off!...but can we make a change? =)
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