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Topic: Should Peter Vessenes resign as the Executive Director for Bitcoin Foundation ? - page 2. (Read 24387 times)

full member
Activity: 159
Merit: 100
I would like to nominate Peter Vessenes for a scammer tag.  The selling before the lawsuit was supicious.  Then the filing just in time for The Golden Week in Japan when all banks there are closed.  Coincidence?  No way.  And trying to heist 75 million USD from the largest and most important bitcoin exchange.  Deserves a scammer tag if you ask me.

sr. member
Activity: 249
Merit: 256
Try Purse Instant! https://purse.io/instant
I'm more concerned with how much people care about bitcoin foundation. It's a private club, they can do what they want. If peter wants to run it into the ground and others signed up for it, then let them.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
I would like to nominate Peter Vessenes for a scammer tag.  The selling before the lawsuit was supicious.  Then the filing just in time for The Golden Week in Japan when all banks there are closed.  Coincidence?  No way.  And trying to heist 75 million USD from the largest and most important bitcoin exchange.  Deserves a scammer tag if you ask me.
full member
Activity: 159
Merit: 100
How would you suggest the devs are funded ?
If Gavin started an account on ReDonate I'd sign up for a monthly donation, and I imagine quite a few other people would do the same.

Wait - is it even possible that a key bitcoin dev has no money?  Any exchange with half a brain (although maybe this doesn't exist yet) would put him on salary just to pick his nose all day - the guy knows stuff! Not to mention all of the mining/arbitrage opportunities. As I said, surely these people must have millions worth of BTC. Not saying they should work for nothing, but sheesh, it doesn't take much brain power to find a way to get paid in this game...  Are you geeks unable to think outside of the "must have cubicle and salary" mentality?
legendary
Activity: 1400
Merit: 1013
How would you suggest the devs are funded ?
If Gavin started an account on ReDonate I'd sign up for a monthly donation, and I imagine quite a few other people would do the same.
hero member
Activity: 868
Merit: 1000
How would you suggest the devs are funded ?

A crazy thought, but perhaps actual donations from people who own BTC.

Yes, I've also suggested this before - kind of like the wikimedia fundraising campaign ?
hero member
Activity: 798
Merit: 1000
How would you suggest the devs are funded ?

A crazy thought, but perhaps actual donations from people who own BTC.
hero member
Activity: 868
Merit: 1000
I don't think Gavin needs to worry about his paycheck - can't he just dump 5% of his BTC holdings? BTW baking a fee into the client is a horrible idea.

There are already fees when sending bitcoins with the official client. If there was a miniscule increase of those, and it would be used to further the work with the Bitcoin infra-structure - would it be bad ?

Yes ... think it through.

How would you suggest the devs are funded ?
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
I don't think Gavin needs to worry about his paycheck - can't he just dump 5% of his BTC holdings? BTW baking a fee into the client is a horrible idea.

There are already fees when sending bitcoins with the official client. If there was a miniscule increase of those, and it would be used to further the work with the Bitcoin infra-structure - would it be bad ?

Yes ... think it through.
hero member
Activity: 868
Merit: 1000
I don't think Gavin needs to worry about his paycheck - can't he just dump 5% of his BTC holdings? BTW baking a fee into the client is a horrible idea.

There are already fees when sending bitcoins with the official client. If there was a miniscule increase of those, and it would be used to further the work with the Bitcoin infra-structure - would it be bad ?
full member
Activity: 159
Merit: 100
I feel sorry for Karpeles - he'll be walking into a lion's den at the conference. It looks to me like BC Foundation trying to do a hostile takeover on Mt Gox. Gavin is staying mute, Ver claims he knew nothing, the others are silent. Rubbish, they've been planning all of this for months!

Gavin is paid by the Foundation, so his hands are tied, unless he wants to risk losing his paycheck.
...

I think his response is condescending, like we're all kids - and he's the only one with a brain around. Also he says essentially he doesn't care about the whole thing. Then a better stance would be to say absolutely nothing, when you have nothing to contribute. Also, the fact that they're suing each other (foundation members) is quite relevant now with the upcoming conference.

Perhaps Gavin should talk to the community about making a fund paying his wage ? An apolitical fund, where all contributions are anonymous, perhaps this could even be baked into the fee-structure in the official client ?



I saw Gavin's response and termed it "mute", but "non-committal" would be a more accurate representation of it ("weak" could be applicable as well).
My guess is that he's just hoping to avoid another giant flame war, and maybe feels a little guilty for being associated with the lawsuit via the Foundation.



I don't think Gavin needs to worry about his paycheck - can't he just dump 5% of his BTC holdings? BTW baking a fee into the client is a horrible idea.


The value of Bitcoin is in:

 * Satoshi's C++ code
 * Mt Gox's trading infrastructure
 * Bitcoin network that people here run on their own dimes
 * Gavin & other developers' brains
 * NOT some venture capital douchebag's e-wallet
legendary
Activity: 1134
Merit: 1008
CEO of IOHK
Quote
A fund for paying Gavin (and other core devs) would be great. But I'm sure this should not be part of any client.

My proposal has always been a charity pool which keeps the coins it generates and donates them to a dev foundation. We could resolve two problems in one. First the 51% hash issue by negotiating with pool operators to commit to a cap (say 45%) of total hash power with overflow donated to the pool. Second, the GPU obsolescence issue due to ASICs. People will have collectively millions of dollars worth of hardware that will go dark. Combined it is still worth a lot and would generate a lot of revenue for a charity pool.
legendary
Activity: 4760
Merit: 1283
I feel sorry for Karpeles - he'll be walking into a lion's den at the conference. It looks to me like BC Foundation trying to do a hostile takeover on Mt Gox. Gavin is staying mute, Ver claims he knew nothing, the others are silent. Rubbish, they've been planning all of this for months!

An interesting hypothetical.

If I were Karpeles (in this situation assuming it model reality) I'd be sending a message from Japan along the lines of "Suck my big liquidity stick."  I'm guessing that other source of liquidity have developed at this point, but Marks taps into the distributed and un-savy pool which is still probably where the richest BTC ore is to be found.  Not only does Mt. Gox have this advantage, but also a certain amount of isolation from the direct influence of the US regulatory millstones.  I'd guess he probably has the upper hand were all-out war to break out.

For my part, I had been looking forward to working through Coinlab (if/when I needed to in order to dump some BTC.)  I now would prefer Mt. Gox though I'll be keenly interested as the gaps in our (us plebs) understanding of what's going down get filled in.

hero member
Activity: 812
Merit: 1022
No Maps for These Territories
Perhaps Gavin should talk to the community about making a fund paying his wage ? An apolitical fund, where all contributions are anonymous, perhaps this could even be baked into the fee-structure in the official client ?
A fund for paying Gavin (and other core devs) would be great. But I'm sure this should not be part of any client.
legendary
Activity: 1764
Merit: 1002
I find it disturbing that the CEO of the Bitcoin Foundation files a lawsuit against another board member only two weeks before the Foundation’s much touted “Future of Payments” conference.  The lawsuit couldn’t have waited until after the conference, after Peter and Mark had an opportunity at the conference to meet for an hour or two in a last attempt to works things out?  Was Peter thinking about how this would affect the conference including the negative publicity for Bitcoin leading into the conference?

Good point, which any intelligent businessman and upstanding individual of this community would've taken into account before coming with this knee-jerk lawsuit. Now, the press at the Conference is going to ask a lot of questions about this lawsuit. As we know - the press loves controversy and drama, and now this - a cryptocurrency, a foundation were board members sue each other. It's going to be lots of articles about this.

But then again, somebody said, you're not a real company until you get sued..

I feel sorry for Karpeles - he'll be walking into a lion's den at the conference. It looks to me like BC Foundation trying to do a hostile takeover on Mt Gox. Gavin is staying mute, Ver claims he knew nothing, the others are silent. Rubbish, they've been planning all of this for months!

Personally I'd trust mark over Coinlab.   He's done way more for the community.
legendary
Activity: 1134
Merit: 1008
CEO of IOHK
Did you see my post in the forum?
hero member
Activity: 868
Merit: 1000
I feel sorry for Karpeles - he'll be walking into a lion's den at the conference. It looks to me like BC Foundation trying to do a hostile takeover on Mt Gox. Gavin is staying mute, Ver claims he knew nothing, the others are silent. Rubbish, they've been planning all of this for months!

Gavin is paid by the Foundation, so his hands are tied, unless he wants to risk losing his paycheck.

And here's his answer:
https://gist.github.com/gavinandresen/5509626

Quote from: Gavin
Everybody count to ten and take a deep breath in.... hold... out....

Ok.

If you have ever been involved with an organization that has more than three members, you should know that there will always be conflicts between members. Always.

Since the Foundation has corporate members, and since corporations use the legal system to help resolve their disputes (much better than using guns, by the way) it isn't surprising that one member of the Foundation is suing another.

The fact that they both happen to be on the Foundation Board is, in my view, not terribly relevant.

I think his response is condescending, like we're all kids - and he's the only one with a brain around. Also he says essentially he doesn't care about the whole thing. Then a better stance would be to say absolutely nothing, when you have nothing to contribute. Also, the fact that they're suing each other (foundation members) is quite relevant now with the upcoming conference.

Perhaps Gavin should talk to the community about making a fund paying his wage ? An apolitical fund, where all contributions are anonymous, perhaps this could even be baked into the fee-structure in the official client ?



full member
Activity: 159
Merit: 100
I find it disturbing that the CEO of the Bitcoin Foundation files a lawsuit against another board member only two weeks before the Foundation’s much touted “Future of Payments” conference.  The lawsuit couldn’t have waited until after the conference, after Peter and Mark had an opportunity at the conference to meet for an hour or two in a last attempt to works things out?  Was Peter thinking about how this would affect the conference including the negative publicity for Bitcoin leading into the conference?

Good point, which any intelligent businessman and upstanding individual of this community would've taken into account before coming with this knee-jerk lawsuit. Now, the press at the Conference is going to ask a lot of questions about this lawsuit. As we know - the press loves controversy and drama, and now this - a cryptocurrency, a foundation were board members sue each other. It's going to be lots of articles about this.

But then again, somebody said, you're not a real company until you get sued..

I feel sorry for Karpeles - he'll be walking into a lion's den at the conference. It looks to me like BC Foundation trying to do a hostile takeover on Mt Gox. Gavin is staying mute, Ver claims he knew nothing, the others are silent. Rubbish, they've been planning all of this for months!
hero member
Activity: 868
Merit: 1000
I find it disturbing that the CEO of the Bitcoin Foundation files a lawsuit against another board member only two weeks before the Foundation’s much touted “Future of Payments” conference.  The lawsuit couldn’t have waited until after the conference, after Peter and Mark had an opportunity at the conference to meet for an hour or two in a last attempt to works things out?  Was Peter thinking about how this would affect the conference including the negative publicity for Bitcoin leading into the conference?

Good point, which any intelligent businessman and upstanding individual of this community would've taken into account before coming with this knee-jerk lawsuit. Now, the press at the Conference is going to ask a lot of questions about this lawsuit. As we know - the press loves controversy and drama, and now this - a cryptocurrency, a foundation were board members sue each other. It's going to be lots of articles about this.

But then again, somebody said, you're not a real company until you get sued..
newbie
Activity: 58
Merit: 0
I find it disturbing that the CEO of the Bitcoin Foundation files a lawsuit against another board member only two weeks before the Foundation’s much touted “Future of Payments” conference.  The lawsuit couldn’t have waited until after the conference, after Peter and Mark had an opportunity at the conference to meet for an hour or two in a last attempt to works things out?  Was Peter thinking about how this would affect the conference including the negative publicity for Bitcoin leading into the conference?
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