They are a part of bitcoin core development, so it sucks to see them like this, it would be best that lets say 10% of the transaction fees go to them, but
that would mean a centralisation of some sort, and we all know how you guys react to that..
If they get donations, like they should from big bitcoin companies that also depend on them, they should be fine, but donations are a temp fix, so i still think that % of the transaction fees is the best way to go.
cheers
Topic: How much is the Bitcoin Foundation worth ? - page 2. (Read 1544 times)
if memberships where their cashcow then they must have run out ages ago and where running on credit cards or something, maybe just washing dishes who knows
Their worth: worthless.
It always surprises me how much money people will pay to join little clubs or buy titles. Look at the forum here and how many people bought donator or vip status. I know bitcoin was much cheaper back when they bought them but still not worthless and they ended up paying over the odds for a mere title. Bet most regret that now.
Their money came from the membership fees of people recruited on this forum. At the time they were funding their little club the people here were gung ho early miners with plenty of btc to throw around. Those guys are gone now. Some of them got screwed out of their vast bitfortunes by scammers like pirate and others grew tired of the BS from the foundation. Hell, some of the scammers and crooks were founders of TBF. At this point, unless they find a gullible benefactor with deep pockets, their chances of getting enough funding to stay afloat are slim.
See this thread for research: https://bitcointalksearch.org/topic/ann-bitcoin-foundation-113400
See this thread for research: https://bitcointalksearch.org/topic/ann-bitcoin-foundation-113400
It always surprises me how much money people will pay to join little clubs or buy titles. Look at the forum here and how many people bought donator or vip status. I know bitcoin was much cheaper back when they bought them but still not worthless and they ended up paying over the odds for a mere title. Bet most regret that now.
http://cointelegraph.com/news/113873/bitcoin-foundation-is-effectively-bankrupt
they are bankrupt supposedly so what value would be left in this psudo company?
id suggest being able to come up with 6 months salary for all the board members
would be about the maximum buyout value if not 6 weeks
they are bankrupt supposedly so what value would be left in this psudo company?
id suggest being able to come up with 6 months salary for all the board members
would be about the maximum buyout value if not 6 weeks
cashflow is king so they say and their cashflow must be hurt recently.
1 satoshi 
Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development
Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development
It should be a volunteer system where coders from around the world work together to maintain Bitcoin. However, there is a greater possibility that self interested businesses making money from Bitcoin will pay coders to maintain the system because it's their cash cow.
Miners have to agree anyway and then their is alts, it really is a low profit avenue to anyone who doesn't have an incredible knowledge of how
everything works,
Of course, I just expect Coinbase, Circle, BitPay, mining farms and others to pay for maintaining the system. Their livelihood depends on it.
Ha, not surprised at all. Natural selection.
100 satoshi
I think we don't need that organization and it doesn't represent bitcoin, one question : was not bitcoin decentralized? Why didn't they intervene in the mt.gox crash (karpeles was a member of that foundation)?Again we don't need them, if someone want to code he should be a "volunteer" nothing else.
I think we don't need that organization and it doesn't represent bitcoin, one question : was not bitcoin decentralized? Why didn't they intervene in the mt.gox crash (karpeles was a member of that foundation)?Again we don't need them, if someone want to code he should be a "volunteer" nothing else.
its an attempt to make a group or organization strong that represents good principles whether it be releasing mining code or standards or something else
and at the same time people being able to have an income from doing a rewarding job, their is hundreds of such organizations representing everything
else and virtually none of them have any meaning either yet your fiat tax dollars and everyone's else funds them day in day out while they hide under
their desks and receive a salary, the only reason that they get paid is because its someone in the fiat chain handing out money to people they want
to see have a good life for watever reason and this is currently a link missing in the Cryptocurrency chain,
100 satoshi
I think we don't need that organization and it doesn't represent bitcoin, one question : was not bitcoin decentralized? Why didn't they intervene in the mt.gox crash (karpeles was a member of that foundation)?Again we don't need them, if someone want to code he should be a "volunteer" nothing else.
I think we don't need that organization and it doesn't represent bitcoin, one question : was not bitcoin decentralized? Why didn't they intervene in the mt.gox crash (karpeles was a member of that foundation)?Again we don't need them, if someone want to code he should be a "volunteer" nothing else.
1 satoshi
Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development
Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development
It should be a volunteer system where coders from around the world work together to maintain Bitcoin. However, there is a greater possibility that self interested businesses making money from Bitcoin will pay coders to maintain the system because it's their cash cow.
Miners have to agree anyway and then their is alts, it really is a low profit avenue to anyone who doesn't have an incredible knowledge of how
everything works,
1 satoshi
Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development
Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development
It should be a volunteer system where coders from around the world work together to maintain Bitcoin. However, there is a greater possibility that self interested businesses making money from Bitcoin will pay coders to maintain the system because it's their cash cow.
1 satoshi
Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development
Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development
it pretty much just gets posted on this forum and all the other forums anyway, its up to 50% of miners to make the switch
depending on the level of changes etc it would be a group consensus when its needed no doubt, can see plenty of
reasons why the miners would group together to adopt some changes as Bitcoin grows,
Their money came from the membership fees of people recruited on this forum. At the time they were funding their little club the people here were gung ho early miners with plenty of btc to throw around. Those guys are gone now. Some of them got screwed out of their vast bitfortunes by scammers like pirate and others grew tired of the BS from the foundation. Hell, some of the scammers and crooks were founders of TBF. At this point, unless they find a gullible benefactor with deep pockets, their chances of getting enough funding to stay afloat are slim.
See this thread for research: https://bitcointalksearch.org/topic/ann-bitcoin-foundation-113400
See this thread for research: https://bitcointalksearch.org/topic/ann-bitcoin-foundation-113400
If it's bankrupt it'll technically sell to someone for a dollar but they'll take over all of the company debt too.
a few maxed out $50,000 credit cards no doubt with 25% interest
If it's bankrupt it'll technically sell to someone for a dollar but they'll take over all of the company debt too.
1USD
http://cointelegraph.com/news/113873/bitcoin-foundation-is-effectively-bankrupt
they are bankrupt supposedly so what value would be left in this psudo company?
id suggest being able to come up with 6 months salary for all the board members
would be about the maximum buyout value if not 6 weeks
they are bankrupt supposedly so what value would be left in this psudo company?
id suggest being able to come up with 6 months salary for all the board members
would be about the maximum buyout value if not 6 weeks
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