REGULATION: Allow me to give you an Idea of What Is at Stake/a Day in the life

BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: Gleb Gamow on January 05, 2016, 07:22:32 PM

Hey, Bruce, if you happened to find time between conducting billion-dollar deals, would you be so kind as to address the following either here or via following the link of the original poster, quoting it, then addressing it on that thread? The community, including this mentally unnnnnnnstable person - ME - would duly appreciate it.

I replied to that post as soon as I saw it, within a few hours of seeing it.

The questions / speculation are easily explained.

I expect an apology from you for furthering this false accusation ...especially without doing research, asking me for an explanation or reading my reply.

I know you like to play the role of a charming satirical character who challenges people. But there is nothing funny or clever about disparaging the name of another person based on false or misunderstood information.

In fact, it's quite a low thing to do and it adds nothing to Bitcoin or this forum.

I have had a spotless compliance record for over 20 years (as you can see from the document). I don't lie, indont cheat and Indont associate with those who do.

Members of this community have been calling for transparency at the foundation for a long time. I came in as a volunteer and came on this forum to provide details about past errors by others. I had nothing to do with these people and no part in those decisions. In most cases I never even met them.

As a result I have been attacked in every way possible and been subject to accusations and guilt by association of people I never associated with.

It's really shameful.

Gleb Gamow

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BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: ?? on ??

Quote from: BruceFenton on January 05, 2016, 03:56:58 PM

Quote from: ?? on ??

By "reach and depth," what, exactly, do you mean? Please be specific.
Same for "hard for a new organization to match." Match what, exactly? Scandals & amazing sums of wasted/siphoned/funneled cash?

Mainly membership -- a dozen international chapters,

Could you list them? A quick Google search gave me this Coindesk article, but, frankly, not seeing much.

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affilliates,

Could you list these also?

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international name recognition (which, believe it or not, is not nearly as negatively viewed as it is by some here and on Reddit),

What does this mean? The Bitcoin Foundation's image is better abroad than in US?
Is it actually good, or simply "not nearly as [bad]"?

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overal membership,

As in "lifetime members," who bought their memberships years ago, or new, paying members?
How many memberships were sold over the past year? Past month? Is this data available?

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press connections,

Meaning? Haven't seen much positive press lately, but could be looking in wrong places. Links?

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social media,

As in Facebook and Twitter accounts? Lots of followers and retweets and such? Sounds solid. Links?

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corporate members

These are distinct from "overall membership"? Are these dues-paying, sponsor-type corporate members? A rough guesstimate of their yearly contribution to the kitty & a list of contact people, if available?

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etc.

?

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So far many have tried but not many have been able to put something together in this way.

You mean collect a shitton of money, blow through it, become an embarrassing spectacle & implode? The bar's set pretty high, must admit.

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Yes, they definitely wasted money -- IMHO there was some value achieved from that spending -- maybe only 5% of what was spent -- but I think it has some value

Yep, that's pretty much all that comes to mind when I hear "Bitcoin Foundation." There must of been triumphs, too, though I'm drawing a blank.

Not sure why you are attacking this as if this is a scientific list.

I told you the basics of why I think the organization has a value above zero. Its a subjective thing, my own personal opinion unless we hire an independent appraiser. This is only based on my opinion as a relatively new volunteer. If you disagree, that's fine, no need to be combative or reiterate that they wasted a bunch of money. I think everyone knows that.

There were some positive things I think they did with the money -- I can't take credit anymore than for the bad things and wastes of money. Some that come to mind were some very large events, the funding of Bitcoin.org, funding of bitnodes, education committee, a comprehensive response to the problems with Bitlicense, press engagement etc.

BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: Gleb Gamow on January 05, 2016, 04:25:58 PM

Did you mean 'forum', not 'thread'?

No, this actual thread. This is an old thread that was recently resurrected.

Foiled again

Gleb Gamow

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Quote from: BruceFenton on January 05, 2016, 03:52:56 PM

Quote from: Gleb Gamow on January 05, 2016, 03:18:15 PM

Bruce, don't hesitate to link bitcoinfinancialassociation.org found in the OP which redirects to http://bitcoinassociation.org/. We all know that you oversee http://bitcoinassociation.org/ and wouldn't necessarily think lesser of you if you would've made it easier for us by including the actual link to your endeavor.

This post is neither a rip on your character nor satire, the latter barring... it's hard to rip a dude who doesn't make grammatical errors.

Bitcoin Financial Association changed its name shortly after launch to Bitcoin Association - partly due to a suggestion on this very thread over a year ago and partly due to a generous donation of the BitcoinAssociation.org domain name by someone also on this very board.

Did you mean 'forum', not 'thread'?

BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: ?? on ??

By "reach and depth," what, exactly, do you mean? Please be specific.
Same for "hard for a new organization to match." Match what, exactly? Scandals & amazing sums of wasted/siphoned/funneled cash?

Mainly membership -- a dozen international chapters, affilliates, international name recognition (which, believe it or not, is not nearly as negatively viewed as it is by some here and on Reddit), overal membership, press connections, social media, corporate members etc.

So far many have tried but not many have been able to put something together in this way.

Yes, they definitely wasted money -- IMHO there was some value achieved from that spending -- maybe only 5% of what was spent -- but I think it has some value

BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: Gleb Gamow on January 05, 2016, 03:18:15 PM

Bruce, don't hesitate to link bitcoinfinancialassociation.org found in the OP which redirects to http://bitcoinassociation.org/. We all know that you oversee http://bitcoinassociation.org/ and wouldn't necessarily think lesser of you if you would've made it easier for us by including the actual link to your endeavor.

This post is neither a rip on your character nor satire, the latter barring... it's hard to rip a dude who doesn't make grammatical errors.

Bitcoin Financial Association changed its name shortly after launch to Bitcoin Association - partly due to a suggestion on this very thread over a year ago and partly due to a generous donation of the BitcoinAssociation.org domain name by someone also on this very board.

BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: mtnsaa on January 05, 2016, 03:27:32 PM

If you are implying that regulations are not needed you are fooling yourself. I won't quote Uncle Ben from Spiderman, but really, if Bitcoin will hold such power and become a world's leading method of payments and transactions it will be also be subject to great scrutiny if you will hehe. It's just the way it goes because if not you will have the same problems we have right now with scamming sites, casinos and "investments" opportunities, it's the wild west.

This is a very old post that's been bumped to the top.

I think we should have regulations (preferably laws voted on by legislature) for those actions which actually have a victim: theft, hacking, breech of privacy, fraud etc.

Most regulations today are not made by lawmakers but unelected bureaucrats with little accountability and most of these regulations IMHO do very little to stop bad acts and usually have no bearing on any act with an actual victim.

BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: franky1 on January 05, 2016, 01:51:35 PM

oops you are correct. i was thinking of andreas's involvement with blockchain.com.. (me stupidly thinking it was part of blockstream.com)

so i guess c4 is part of the bitcoin.com & blockchain.com which i assume is still part of TBF powerhouse , rather than blockstream powerhouse

No, haha, I think that's incorrect also.

Bitcoin.com is owned by Roger Ver who I don't think has anything to do with C4 / consortium
Blockchain.com shares a common investor (Roger) with Bitcoin.com but I don't think either of them have anything to do with C4
Andreas was an advisor to both...I don't think he's that active with Blockchain now but I don't know

In any event - I don't think there is much of a tie between them

mtnsaa

legendary

Activity: 1568

Merit: 1000

If you are implying that regulations are not needed you are fooling yourself. I won't quote Uncle Ben from Spiderman, but really, if Bitcoin will hold such power and become a world's leading method of payments and transactions it will be also be subject to great scrutiny if you will hehe. It's just the way it goes because if not you will have the same problems we have right now with scamming sites, casinos and "investments" opportunities, it's the wild west.

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Bruce, don't hesitate to link bitcoinfinancialassociation.org found in the OP which redirects to http://bitcoinassociation.org/. We all know that you oversee http://bitcoinassociation.org/ and wouldn't necessarily think lesser of you if you would've made it easier for us by including the actual link to your endeavor.

This post is neither a rip on your character nor satire, the latter barring... it's hard to rip a dude who doesn't make grammatical errors.

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: BruceFenton on January 05, 2016, 01:44:12 PM

Quote from: franky1 on January 05, 2016, 01:39:05 PM

blockstream seems to have stolen alot of bitcoin foundation folk.

even the bitcoin foundations education director: Charles Hoskinson
and other names like Peter Todd, Andreas Antonopoulos, etc
https://cryptoconsortium.org/about

What makes you think the CryptoConsortium is run by Blockstream? Afaik is run by Michael Perklin who is also a new board member at Bitcoin Foundation

oops you are correct. i was thinking of andreas's involvement with blockchain.com.. (me stupidly thinking it was part of blockstream.com)

so i guess c4 is part of the bitcoin.com & blockchain.com which i assume is still part of TBF powerhouse , rather than blockstream powerhouse

BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: franky1 on January 05, 2016, 01:39:05 PM

blockstream seems to have stolen alot of bitcoin foundation folk.

even the bitcoin foundations education director: Charles Hoskinson
and other names like Peter Todd, Andreas Antonopoulos, etc
https://cryptoconsortium.org/about

What makes you think the CryptoConsortium is run by Blockstream? Afaik is run by Michael Perklin who is also a new board member at Bitcoin Foundation

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: BruceFenton on January 05, 2016, 01:31:54 PM

Yep, Bitcoin Association still exists.

Despite its past problems Bitcoin Foundation still has a reach and depth that is hard for a new organization to match. Many have tried, so far none have become as broad or large as Bitcoin Foundation -- this is why I think it's worth rebooting and launching fresh without scrapping the name, membership etc.

blockstream seems to have stolen alot of bitcoin foundation folk.

even the bitcoin foundations education director: Charles Hoskinson
and other names like Peter Todd, Andreas Antonopoulos, etc
https://cryptoconsortium.org/about

BruceFenton

sr. member

Activity: 404

Merit: 250

Yep, Bitcoin Association still exists.

Despite its past problems Bitcoin Foundation still has a reach and depth that is hard for a new organization to match. Many have tried, so far none have become as broad or large as Bitcoin Foundation -- this is why I think it's worth rebooting and launching fresh without scrapping the name, membership etc.

franky1

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Activity: 4424

Merit: 4794

i think they are doing it in a different way. calling it C4 which is part of the blockstream collective

https://cryptoconsortium.org/

BruceFenton

sr. member

Activity: 404

Merit: 250

Quote from: Phinnaeus Gage on February 06, 2014, 09:33:31 PM

This post is not a diss toward the OP, for I was with you the entire way till I reached the bottom of the post.

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Please join the Bitcoin Financial Association

With all that education and thought that went into this, I bet you don't see the error made in naming the entity as you did, do you?

In fact, there are two issues.

The word "Bitcoin" and the word "financial"?

We wanted Bitcoin because that is what is in the news and that is what people are turning to (bad) sources like Professor Williams from the NY hearings for.

It would not surprise me if we change the name in a few years to Crypto-something along those lines...but for now this gets us rolling.

Financial was more because its a focus on financial aspects (which are almost everything) versus non financial aspects such as the backbone code or blockchain security.

Also, some dude in Panama who has registered over 10,000 domains with a dictionary word and Bitcoin...seriously.

Where those the two problems or are there two more? Thanks.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: jbreher on February 06, 2014, 11:03:17 PM

Quote from: Nagle on February 06, 2014, 08:31:41 PM

How is getting money back from Intersango working out for you? Or Tradehill? Or Mt. Gox?

I had nothing at Intersango. I have funds at MtGox that seem to be safe for the time being. I got all my money back from TradeHill - twice. I guess I'm doing just fine on the 'getting money back' point.

Update - prince on Gox just tanked. Took this opportunity to convert all USD but $16.xx on that exchange to XBT. Then withdrew all my XBT. Transaction processed immediately. So again - the wild-west regulation-free exchanges are working just fine for me.

ax123man

newbie

Activity: 3

Merit: 0

Quote from: BTCisthefuture on February 06, 2014, 12:07:27 PM

I didn't read everything but I get the point. Too much regulation is never good.

With that said, trying to compare it to the regulation of the finincal industry might fall on deaf ears. Even with all the regulation the finincal industry has they've still found a way to game the system and make insane profits at the expense of others. Regulation didn't stop them Undecided

Do you really think the purpose of regulation is to prevent gaming the system and making insane profits at the expense of others?

The purpose of regulation is:

1) to give politicians a plank for elections
2) to favor big business by making it difficult for startups/small business

If anything, in the long run, regulation favors "insane" profits by eliminating competition.

bitcoin is a threat to established business. those established business will go to washington with dollars and, in turn, politicians will use the excuse of the need for regulation to squash bitcoin in order to favor those established businesses.

That's how the system works.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Nagle on February 06, 2014, 08:31:41 PM

If a victim of Madoff lost less than $500,000, they got it back from the Securities Investors Protection Fund insurance.

IOW, it came out of my pocket. Thank you sir, can I please have another?

Quote

How is getting money back from Intersango working out for you? Or Tradehill? Or Mt. Gox?

I had nothing at Intersango. I have funds at MtGox that seem to be safe for the time being. I got all my money back from TradeHill - twice. I guess I'm doing just fine on the 'getting money back' point.

Topic: REGULATION: Allow me to give you an Idea of What Is at Stake/a Day in the life (Read 2516 times)