I don't hate the foundation, but as far as transparency:
Shouldn't we know where every single satoshi goes that they spend?
Isn't Bitcoin supposed to be the model of transparency?
Why isn't there a public log of all their transactions?
Topic: Tell me atleast 3 reason why someone should hate Bitcoin Foundation? - page 2. (Read 2166 times)
legendary
Activity: 1302
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Core dev leaves me neg feedback #abuse #political
July 10, 2014, 08:07:45 AM
July 10, 2014, 07:42:49 AM
I don't hate them, hating is too much energy to spend on something that's irrelevant.
July 10, 2014, 06:51:20 AM
1/ they want to run things/take over
2/ brock pierce
3/ centralised non-elected (against crypto ethos)
4/ brock pierce
5/ brock pierce
6/ brock pierce
2/ brock pierce
3/ centralised non-elected (against crypto ethos)
4/ brock pierce
5/ brock pierce
6/ brock pierce
July 10, 2014, 06:43:04 AM
Because it's centralised
Because we didn't vote for them nor do they represent us
Because you seem to be able to buy your way into it if you have enough money.
I'm not sure wether they'll do more harm than good in the long run.
Exactly. We have not chosen those people to represent all of us. Because we didn't vote for them nor do they represent us
Because you seem to be able to buy your way into it if you have enough money.
I'm not sure wether they'll do more harm than good in the long run.
July 10, 2014, 06:22:08 AM
They have done nothing to warn people about mtgox when they knew about it before the public. They accept any company as member as long as they pay, without reviewing their solvency.
Is this shocking news really true?
July 10, 2014, 05:41:58 AM
They have done nothing to warn people about mtgox when they knew about it before the public. They accept any company as member as long as they pay, without reviewing their solvency.
Is this shocking news really true?
July 10, 2014, 05:35:50 AM
it's sekrit club and I'm not invited 
...
I would like to see a decentralised manner of funding a core developer. With voting etc. Wasn't Mike Hearn working on something?
...
I would like to see a decentralised manner of funding a core developer. With voting etc. Wasn't Mike Hearn working on something?
July 10, 2014, 05:28:07 AM
They have done nothing to warn people about mtgox when they knew about it before the public. They accept any company as member as long as they pay, without reviewing their solvency.
July 10, 2014, 03:45:47 AM
1. My understanding is the one of the Foundation's main goal is to give the developers a salary, I think there are more direct ways for this to happen, the new Lighthouse project seems interesting and has been mentioned a few times. All the other layers in the foundation are corrupted by the flow of 'free' cash at this point I think, while the lobbying campaign is interesting, why spend a chunk of your fixed income on it when we have an issue with funding development? Seems like it is just a publicity stunt to generate some goodwill quickly, and doesn't address the problem of developer funding.
2. Brock Pierce, Mark Karpeles, and every other scammer on the board, again the 'free' cash and buzzword-y new technology attracts the snake oil salesmen of all strange and deeply disturbing sorts, and now Brock Pierce is promoting a severely flawed copy cat coin directly against the interests of the foundation, most likely to capitalize on some of the venture capital floating around, it's sickening
3. If the foundation isnt completely corrupt now, it will be at some point in the future, which is to say if bitcoin is to last quite a while into the future, it cant be tethered so intimately with a centralized organization, because as the wealth of bitcoin grows, so does the wealth incentive for a bad actor to potentially either negatively or preferentially influence development for personal gain
2. Brock Pierce, Mark Karpeles, and every other scammer on the board, again the 'free' cash and buzzword-y new technology attracts the snake oil salesmen of all strange and deeply disturbing sorts, and now Brock Pierce is promoting a severely flawed copy cat coin directly against the interests of the foundation, most likely to capitalize on some of the venture capital floating around, it's sickening
3. If the foundation isnt completely corrupt now, it will be at some point in the future, which is to say if bitcoin is to last quite a while into the future, it cant be tethered so intimately with a centralized organization, because as the wealth of bitcoin grows, so does the wealth incentive for a bad actor to potentially either negatively or preferentially influence development for personal gain
July 10, 2014, 03:18:24 AM
Because it's centralised
Because we didn't vote for them nor do they represent us
Because you seem to be able to buy your way into it if you have enough money.
I'm not sure wether they'll do more harm than good in the long run.
Because we didn't vote for them nor do they represent us
Because you seem to be able to buy your way into it if you have enough money.
I'm not sure wether they'll do more harm than good in the long run.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
July 10, 2014, 03:18:01 AM
1. They accept anyone that is willing to pay for membership. It's all about greed and money. You can be a scammer and still join, as long as you pay.
3. Core development can still happen outside of the foundation. Again, why is it needed?
3. Core development can still happen outside of the foundation. Again, why is it needed?
In addition to 1. They also gave KNC miner that status but were unable to prove that transaction as Phin pointed out
2. Do not trust them to represent the head of Bitcoin as they are presently perceived but that we need more choices
3. Theymos said that they are not related to the core devs, so that part is misaligned I believe with haploid but in general devs don't use it except Gavin really.
He-He got to give it to miner
1. They accept anyone that is willing to pay for membership. It's all about greed and money. You can be a scammer and still join, as long as you pay.
2. What good have they done for bitcoin? Bitcoin can still function without them, so no need to centralize.
3. Core development can still happen outside of the foundation. Again, why is it needed?
2. What good have they done for bitcoin? Bitcoin can still function without them, so no need to centralize.
3. Core development can still happen outside of the foundation. Again, why is it needed?
1. They have failed in forcing people to actually find out what the foundation was set up for.
July 10, 2014, 01:19:27 AM
1. They are trying to centralize a decentralized currency.
2. They are trying to centralize a decentralized currency.
3. They are trying to centralize a decentralized currency.
I hope they will fail.
2. They are trying to centralize a decentralized currency.
3. They are trying to centralize a decentralized currency.
I hope they will fail.
July 10, 2014, 01:09:31 AM
1. They accept anyone that is willing to pay for membership. It's all about greed and money. You can be a scammer and still join, as long as you pay.
2. What good have they done for bitcoin? Bitcoin can still function without them, so no need to centralize.
3. Core development can still happen outside of the foundation. Again, why is it needed?
2. What good have they done for bitcoin? Bitcoin can still function without them, so no need to centralize.
3. Core development can still happen outside of the foundation. Again, why is it needed?
Answers like this make me think that people don't actually know what the bitcoin foundation was set up for. So yeah, here is my number one complaint;-
1. They have failed in forcing people to actually find out what the foundation was set up for.
Neil
July 10, 2014, 12:58:05 AM
1. They accept anyone that is willing to pay for membership. It's all about greed and money. You can be a scammer and still join, as long as you pay.
2. What good have they done for bitcoin? Bitcoin can still function without them, so no need to centralize.
3. Core development can still happen outside of the foundation. Again, why is it needed?
2. What good have they done for bitcoin? Bitcoin can still function without them, so no need to centralize.
3. Core development can still happen outside of the foundation. Again, why is it needed?
July 09, 2014, 11:45:20 PM
Lot of hatred and blame on the foundation..
Some call its undermining the true purpose of bitcoin,
Some say it is opaque, translucent etc.
So point out 3 reasons or more as to why yourself or anybody should hate and stay away from bitcoin foundation?
Some call its undermining the true purpose of bitcoin,
Some say it is opaque, translucent etc.
So point out 3 reasons or more as to why yourself or anybody should hate and stay away from bitcoin foundation?
Personally I would like to see more transparency. They could avoid a lot of criticism by being more open with choosing leaders etc. I would also like to see them assume a more public role as advocates for bit coin. Lobbying efforts are long over due.
July 09, 2014, 11:15:15 PM
Lot of hatred and blame on the foundation..
Some call its undermining the true purpose of bitcoin,
Some say it is opaque, translucent etc.
So point out 3 reasons or more as to why yourself or anybody should hate and stay away from bitcoin foundation?
Some call its undermining the true purpose of bitcoin,
Some say it is opaque, translucent etc.
So point out 3 reasons or more as to why yourself or anybody should hate and stay away from bitcoin foundation?
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