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Title: [2014-08-02] Bitcoin Raises Washington Profile, to Silicon Valley’s Dismay Post by: ganabb on August 02, 2014, 02:33:31 AM http://www.bloomberg.com/news/2014-07-31/bitcoin-up-washington-profile-to-silicon-valley-s-dismay.html
The Bitcoin Foundation’s executive director, Jon Matonis, travels the world to promote the virtual currency as a replacement for traditional money. Some of his members want him to focus on a less lofty goal: helping them make lots of old-fashioned cash. Matonis, a longtime advocate of what he calls “non-political money,” has built the group into a kind of a bitcoin governing body. Early this month he hired a Washington lobby firm, and yesterday he unveiled a website aimed at raising the virtual currency’s public profile. Title: Re: [2014-08-02] Bitcoin Raises Washington Profile, to Silicon Valley’s Dismay Post by: odolvlobo on August 02, 2014, 06:39:27 PM Quote “A lot of people would give a million dollars if it would go solely to development,” said Brock Pierce, a venture capitalist who was recently elected to the foundation’s board. It is tragic that a board member would say something as ignorant as that. He could be educating those people on how to fund open source software development instead of complaining about the inability to fund centralized development. The people that want to give millions of dollars toward development don't have to give it to the Foundation. In fact, it would be better if they didn't. The best scenario would be for them to use those millions to fund independent development. Unfortunately, Pierce's ignorance appears to be widespread in the financial industry where centralization is all that is understood. |