FYI: If you Google "bitcoin is out of money", you get an interesting mix of results.
https://www.google.com/search?q=bitcoin+is+out+of+money&ie=utf-8&oe=utf-8
Topic: The truth about the Bitcoin Foundation (Read 2957 times)
Bitcoin is the invent of the century, but the Bitcoin Foundation is Questionable.
seems modern people (especially US citizens) are so ingrained with having controlling bodies they can't deal with not having one.
I think this has been the best post ever made about the bitcoin foundation, seen how everything in that foundation is just going wrong.
Nothing says "Bitcoin is a-ok and here to stay" to the general public like a mismanaged namesake foundation that is out of money.
I was there full time for about 3 months. Let go conveniently right after my pre-approved honeymoon.
I find it very interesting how hard the Bitcoin Foundation is trying to cover up ex-employees statements, like myself. What are you hiding?
I can easily tell you how much they look down and mock people like Andreas, who single-handedly does more than the BTCF ever has done.
I had to explain to my old boss, how Bitcoin worked. He had no idea. He was just a sales guy who wanted numbers. They all wanted numbers.
The Affiliate Program was nothing more than a front to get more money. Some chapters had to give 50% - 80% of their new memberships to the Foundation. We offered nothing in return, except the logo. Some chapters didn't even have bitcoin foundation members, and one didn't even have any Bitcoin at all. Just a publicity stunt fronted by the all-mighty directors.
I find it very interesting how hard the Bitcoin Foundation is trying to cover up ex-employees statements, like myself. What are you hiding?
I can easily tell you how much they look down and mock people like Andreas, who single-handedly does more than the BTCF ever has done.
I had to explain to my old boss, how Bitcoin worked. He had no idea. He was just a sales guy who wanted numbers. They all wanted numbers.
The Affiliate Program was nothing more than a front to get more money. Some chapters had to give 50% - 80% of their new memberships to the Foundation. We offered nothing in return, except the logo. Some chapters didn't even have bitcoin foundation members, and one didn't even have any Bitcoin at all. Just a publicity stunt fronted by the all-mighty directors.
Imagine what shape the TBF would be in if KnC didn't send them $100K USD to become a platinum member prior to the previous election. Can't wait to see the tax form for 2014 in the coming days. I have a hunch!
Pretty sure people have caught on to credit cards being terrible. They just haven't been presented a solution well enough, yet
They had Mark Karpeles as a member of the original foundation apparently, it's going to be a hard work for them to regain credibility.
The levers of supply and their control over the movement of money are things not possible with bitcoin.
sure their not? as we speak bitcoin powers to be are trying to hold a monopoly over cryptocurrency, under the guise of alts being a distraction from the main game
sidechains and the like 
bankers and their monopolies
Bottom line is that banks compete with you for bitcoins and can't stop you from using them. It's the first time they have had to face the specter of people engaged in commerce without their approval. More importantly, without them receiving a cut.
Please add names and dates if your going to start posting who leaves and when cause we all know about the history of the place, and their could be hundreds of different reasons depending on when they either joined or left
Bitcoin Foundation Divided Over Controversial Restructuring Proposal
http://www.coindesk.com/bitcoin-foundation-funds-board-divided/
http://www.coindesk.com/bitcoin-foundation-funds-board-divided/
I think we don't need a centralized organization for the bitcoin.
Secretary work?
Lindsay WAS the Foundation at the beginning, and did EVERYTHING (including single-handedly organizing the San Jose conference).
She, like me, got a huge salary boost because the Foundation's original policy was to set the exchange rate for paying salaries once per quarter. That policy changed pretty quickly (neither Lindsay or I had any influence on our own salaries or the policies for how they were paid) to "use the CoinDesk price index on payday."
You have to remember that even simple things like "which exchange rate should be used to pay employees" didn't have simple answers back then (nobody had created a cross-exchange, volume-weighted price index).
I believe she left the Foundation partly because of annoying misogynistic Internet trolls like the ones found in this very thread....
Lindsay WAS the Foundation at the beginning, and did EVERYTHING (including single-handedly organizing the San Jose conference).
She, like me, got a huge salary boost because the Foundation's original policy was to set the exchange rate for paying salaries once per quarter. That policy changed pretty quickly (neither Lindsay or I had any influence on our own salaries or the policies for how they were paid) to "use the CoinDesk price index on payday."
You have to remember that even simple things like "which exchange rate should be used to pay employees" didn't have simple answers back then (nobody had created a cross-exchange, volume-weighted price index).
I believe she left the Foundation partly because of annoying misogynistic Internet trolls like the ones found in this very thread....
Bitcoin Foundation Divided Over Controversial Restructuring Proposal
http://www.coindesk.com/bitcoin-foundation-funds-board-divided/
http://www.coindesk.com/bitcoin-foundation-funds-board-divided/
The levers of supply and their control over the movement of money are things not possible with bitcoin.
sure their not? as we speak bitcoin powers to be are trying to hold a monopoly over cryptocurrency, under the guise of alts being a distraction from the main game
sidechains and the like bankers and their monopolies
So many words, so little understanding.
words spoken by a true bitcoin foundation life member in it for the fiat
example even from just your last post ; "k, I didn't get rich arguing about bitcoin. I got here understanding it."
so I ask you whats the point of being a alternative to the greedy bankers controlled fiat, if those in control of bitcoin are the new greedy bankers?
Janess is just trying to print his way into control of the company
where is the profit coming from ?
he is going to buy them with premined fiat
that not many people are recognizing anymore other than a
means to and end before Crypto takes over
where is the profit coming from ?
he is going to buy them with premined fiat
that not many people are recognizing anymore other than a
means to and end before Crypto takes over
The Bitcoin Foundation is stupid, I don't why people are supporting it.
There have been too many dodgy characters like Karples associated with it for it to be taken seriously. The only useful thing it does is pay the core devs.
...
In an opensource community why pay the core devs so much, really Gavin needs 100k? Correct me if I am wrong but last time I looked he had atleast 25k bitcoin?
In an opensource community why pay the core devs so much, really Gavin needs 100k? Correct me if I am wrong but last time I looked he had atleast 25k bitcoin?
Well, see, that's where you're wrong.
It's not Gavin's fault he got paid so much, apparently it was just an accounting quirk introduced by Miss Lindsay Holland, who only earned $160k/yr, so minor slipups like that are perfectly understandable.
As Gavin put it,
Secretary work?
Lindsay WAS the Foundation at the beginning, and did EVERYTHING (including single-handedly organizing the San Jose conference).
She, like me, got a huge salary boost because the Foundation's original policy was to set the exchange rate for paying salaries once per quarter. That policy changed pretty quickly (neither Lindsay or I had any influence on our own salaries or the policies for how they were paid) to "use the CoinDesk price index on payday."
You have to remember that even simple things like "which exchange rate should be used to pay employees" didn't have simple answers back then (nobody had created a cross-exchange, volume-weighted price index).
I believe she left the Foundation partly because of annoying misogynistic Internet trolls like the ones found in this very thread....
Lindsay WAS the Foundation at the beginning, and did EVERYTHING (including single-handedly organizing the San Jose conference).
She, like me, got a huge salary boost because the Foundation's original policy was to set the exchange rate for paying salaries once per quarter. That policy changed pretty quickly (neither Lindsay or I had any influence on our own salaries or the policies for how they were paid) to "use the CoinDesk price index on payday."
You have to remember that even simple things like "which exchange rate should be used to pay employees" didn't have simple answers back then (nobody had created a cross-exchange, volume-weighted price index).
I believe she left the Foundation partly because of annoying misogynistic Internet trolls like the ones found in this very thread....
Who cares? The Foundation always concentrated it's efforts mainly on the US. They are quite insignificant everywhere else in the world.
Agree Foundations just a US centered seemingly self appointed group, that others pay to join, more concern is the control over the code the core developers have., also the foundations input into various US regulations regarding bitcoin.
Gavin by his own admission only needs to convince 5 others and pretty much anything can be changed in the code. trustless system doesn't mean trust 5 random internet people (that could have any self serving personal interests, or paid by commercial interests) with the code.
In an opensource community why pay the core devs so much, really Gavin needs 100k? Correct me if I am wrong but last time I looked he had atleast 25k bitcoin?
Who cares? The Foundation always concentrated it's efforts mainly on the US. They are quite insignificant everywhere else in the world.
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