Topic: How much do YOU know about the Bitcoin Foundation? - page 2. (Read 2025 times)
The idea for the Bitcoin Foundation was initially floated by Gavin. It got widespread support on this forum.
When the organization did form I was a bit surprised that the price to get a seat at the table was so high. IIRC, Karpeles paid 5,000 BTC for instance. That was, to me, a bad omen but then I started out being negative toward it. This still didn't phase most people and there was almost universal accolades for it.
I, and I think most people, didn't really know where Vessenes came from. It turns out that he had already been around for a while and was involved in at least the Bitcoinica fiasco where a lot of people lost money. It is unclear whether Vessenes pocketed some of the Bitcoinica money or not, nor is it clear whether he paid for his seat at (the head of) the table at the Bitcoin Foundation. Perhaps the info is clear, but I've not seen it although I've not looked very hard. The Bitcoin Foundation is not open and many of the details of the organization and their activities seem to be quite opaque. This was, in fact, one of the things I was concerned about when the idea was in request for comments phase (Gavin's forum post.)
I've always given the Bitcoin Foundation a lot of credit for the money I've made off Bitcoin so far, but I do believe that they are a negative force and their activities will result in the eventual collapse and end of Bitcoin. It might take some time however, and for my part I plan to try to capitalize on things monetarily to the best of my abilities.
I'm tired of this nonsense being spread. Let me be the first to say STFU.
What nonsense is being spread? I am literally just asking how much people know about them, not spreading any "nonsense"
How about this I will pay for a trip for them to all come to DFW to be questioned by the btc community.
I hear it is run by criminals.
Not much more than that really.
Not much more than that really.
this
A lot!
I hear it is run by criminals.
Not much more than that really.
Not much more than that really.
They represent us as a community,
No, they don't. This is a VERY COMMON misconception.
They represent their own interests within bitcoin.
They are a private club that has decided to give themselves an official sounding name. They were not elected to represent us, and they are not appointed by any higher power.
I could start my own club tomorrow and call it: "The Bitcoin Association". I could fork the reference client in github, and along with a few friends, I could release my own fully compatible bitcoin client with the features that we want. I could convince others to support my effort and donate bitcoins to our "Association". This wouldn't make my organization any more representative of the community than "The Bitcoin Foundation".
I'm tired of this nonsense being spread. Let me be the first to say STFU.
They represent us as a community, just curious how much the community knows about them.
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