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We at BitSyncom have some important announcements to make. First off, we would like to take this chance to apologize for the lack of updates on our part. While we continue to work our hardest to deliver, we have not yet been able to commit ourselves full-time into this new conglomerate, nor the Operation Bitcoin project. Life has thrown us a few curve-balls that we did not expect, but we are working to get around them soon enough. In addition, later this month BitSyncom will follow up with a presentation with big announcements, so stay tuned!
We digress, however; the purpose of this post is to provide all of you with an update as to what has been happening so far regarding Bitcoins, and its role in the #OWS movement:
On October 26th BitSyncom had been given access to the Bitcoin fund and given the responsibility of overseeing Bitcoin donations in #OWS from Martin Becze. After some discussion, we have decided to lead resolutions to a few problems that we currently see in the process:
At BitSyncom, we feel that if we were to introduce new people to the concept of Bitcoin, we would much rather start with them directly accessing the peer-to-peer Bitcoin network instead of them going through a third party. With this in mind, we have chosen to eventually move these funds off of the Tradehill exchange. Details and documentation of this process will be provided at a later date, which will include what we believe to be the best way to store and backup not only the Bitcoins in this fund, but Bitcoins in general.
As stated on the NYCGA donation page, the Bitcoin donation fund was previously managed by the Livestream group. This is somewhat true, as when Martin initially started this donation drive, it was primarily intended to be directed toward the media group; therefore, many people including those of us at BitSyncom donated to this address believing that our money would go to them. There were serious miscommunication issues, however, and details were lost between the media and financial groups. The fund was eventually thought to be for the #OWS movement when the general Bitcoin community was informed of it, which caused its purpose to become unclear and murky.
Since groups are still able to manage their own funds and donations, BitSyncom plans to communicate with these groups in order to help them obtain their individual Bitcoin addresses, and to sort out donations between the Livestream and other intended groups. We will either try to figure out when the Livestream donations stopped and the others began, or we will calculate percentages that should have gone to any of the groups, and eventually grant these groups their respective finances.
Have any questions? Comments? Please let us know!
We digress, however; the purpose of this post is to provide all of you with an update as to what has been happening so far regarding Bitcoins, and its role in the #OWS movement:
On October 26th BitSyncom had been given access to the Bitcoin fund and given the responsibility of overseeing Bitcoin donations in #OWS from Martin Becze. After some discussion, we have decided to lead resolutions to a few problems that we currently see in the process:
- Bitcoin donation funds located on the Tradehill exchange:
At BitSyncom, we feel that if we were to introduce new people to the concept of Bitcoin, we would much rather start with them directly accessing the peer-to-peer Bitcoin network instead of them going through a third party. With this in mind, we have chosen to eventually move these funds off of the Tradehill exchange. Details and documentation of this process will be provided at a later date, which will include what we believe to be the best way to store and backup not only the Bitcoins in this fund, but Bitcoins in general.
- Who’s donations are these, exactly? What has been happening with the money?
As stated on the NYCGA donation page, the Bitcoin donation fund was previously managed by the Livestream group. This is somewhat true, as when Martin initially started this donation drive, it was primarily intended to be directed toward the media group; therefore, many people including those of us at BitSyncom donated to this address believing that our money would go to them. There were serious miscommunication issues, however, and details were lost between the media and financial groups. The fund was eventually thought to be for the #OWS movement when the general Bitcoin community was informed of it, which caused its purpose to become unclear and murky.
Since groups are still able to manage their own funds and donations, BitSyncom plans to communicate with these groups in order to help them obtain their individual Bitcoin addresses, and to sort out donations between the Livestream and other intended groups. We will either try to figure out when the Livestream donations stopped and the others began, or we will calculate percentages that should have gone to any of the groups, and eventually grant these groups their respective finances.
Have any questions? Comments? Please let us know!
-the BitSyncom Team, OpBitcoin
source: http://www.reddit.com/r/Bitcoin/comments/n2ar6/update_operation_bitcoin_state_of_things/
