The truth about the Bitcoin Foundation

[crypto01]

https://bitcoinfoundation.org/forum/index.php?/topic/1284-the-truth-about-the-bitcoin-foundation

[1714131016]

1714131016

[1714131016]

1714131016

[Searing]

https://bitcoinfoundation.org/forum/index.php?/topic/1284-the-truth-about-the-bitcoin-foundation

power corrupts...you need some kinda rules/setup to tweak the bitcoin core...and perhaps pay for coders etc.....not sure ...how does it work for linux stuff?

no idea ...but does not bode well if there is not someway to 'herd the cats' on how to do improvements in code at least ....so some kinda fix i guess is needed.

just another bad result from bitcoin price 'tanking' 2/3 in price from jan or so

[coinableS]

A lot of drama going on right now with the foundation...

Olivier I'm not going to respond to your trolling and false accusations. Enjoy your moment in the spotlight.

[Undermood]

Wa probably this is the reasons why the price plummets recently!

[amiryaqot]

so new twist will about to come soon about bitcoin with new kind of troll with bitcoin foundation inside story, i think that is just one sided story many more thing will about to come out.

[Q7]

I don't why the concept of foundation exist in the first place. If we are so firm on decentralization, should it be that no organization or anyone for that matter should claim to have control over bitcoin in the first place.

[chmod755]

no organization or anyone for that matter should claim to have control over bitcoin in the first place.

They don't claim to have control over bitcoin. That's just what O. Janssens claims

[Gleb Gamow]

Olivier Janssens. I love this guy!

Patrick Murck: Blame Vod!

[ed_teech]

How much money do the core devs make from the foundation ?

[WhatTheGox]

Wa probably this is the reasons why the price plummets recently!

no i think thats just to do with china miners dumping all last year.

[Denker]

Aren't they just developers of Bitcoin Core ?

How can they control bitcoin if bitcoin is decentralized currency ?
I think foundation is no needed anymore

They don't control Bitcoin. It's a member association who is collecting money from members and use it to pay some of the devs so that they can focus fulltime on bitcoin. Furthermore they do PR and some lobbying as fas as I know.
It's like Mozilla Corp.

[HI-TEC99]

Aren't they just developers of Bitcoin Core ?

How can they control bitcoin if bitcoin is decentralized currency ?
I think foundation is no needed anymore

They don't control Bitcoin. It's a member association who is collecting money from members and use it to pay some of the devs so that they can focus fulltime on bitcoin. Furthermore they do PR and some lobbying as fas as I know.
It's like Mozilla Corp.

Who decided who gets to be the main devs? The Bitcoin Foundation must have a big influence over them considering it pays them. It might not completely control Bitcoin, but it must have a big influence on the main devs, which gives it a certain amount of control over Bitcoin.

[redsn0w]

Aren't they just developers of Bitcoin Core ?

How can they control bitcoin if bitcoin is decentralized currency ?
I think foundation is no needed anymore

They don't control Bitcoin. It's a member association who is collecting money from members and use it to pay some of the devs so that they can focus fulltime on bitcoin. Furthermore they do PR and some lobbying as fas as I know.
It's like Mozilla Corp.

Who decided who gets to be the main devs? The Bitcoin Foundation must have a big influence over them considering it pays them. It might not completely control Bitcoin, but it must have a big influence on the main devs, which gives it a certain amount of control over Bitcoin.

The problem here is that "no one" can real control bitcoin as technology, if tomorrow the "dev team" will release a new update and the large quantity of the miners don't agree with this update .... what will happen? So I don't care about bitcoin foundation, they should work as "volunteers" and not employees.

[Agestorzrxx]

Do we really need  Bitcoin Foundation?
As a decentralized currency, a centralized organization is totally inappropriate。

[tokeweed]

And some of you think Doge is a pump and dump shitcoin...  Shame on you...

http://www.reddit.com/r/dogecoin/comments/31gmub/dogecoin_4_bitcoin_the_bitcoin_devs_need_our_help/

EDIT:  And yes, Bitcoin is bankrupt in the news incoming...

[redsn0w]

Do we really need  Bitcoin Foundation?
As a decentralized currency, a centralized organization is totally inappropriate。

Yes, we need it but they should remember that bitcoin is decentralized .... and their influence should not be so high, because without a large consent their decision be equal to zero.

And some of you think Doge is a pump and dump shitcoin...  Shame on you...

http://www.reddit.com/r/dogecoin/comments/31gmub/dogecoin_4_bitcoin_the_bitcoin_devs_need_our_help/

EDIT:  And yes, Bitcoin is bankrupt in the news incoming...

Dogecoin is only an altcoin, like litecoin and all the others (but their old initiatives are very good).

[NyeFe]

There we go again, one organisation representing Bitcoin?

We need to keep with the decentralised flow. Theres many developers on this forum, and many who are also capable of developing the bitcoin core. Im sure some would be willing to freely commit to the project.
I still cant understand the reason to have a decentralised system, where almost all the power is unquestionably handed to a single group of people, who can slow down development, get threatened by government entities, get infiltrated by corrupt entities, and enforce restrictions or changes to Bitcoin freely, and at any moment.

My point is, Bitcoin is a decentralised system, and it needs to stay decentralised at whatever cost. Theres no point of Bitcoin being decentralised if we still require a single organisation to make choices for everyone, which will ultimately impact the foreseeable future of Bitcoin and the global adoption of the blockchain.

[mprep]

Do we really need  Bitcoin Foundation?
As a decentralized currency, a centralized organization is totally inappropriate。

The Foundation was meant to be a representative for Bitcoin in the mainstream world (especially in mainstream business from what I gather). It was supposed to be a some sort of a democratic frontend for the decentralized and free backend, dealing with all the bullshit the non-bitcoiners threw at it. This, however, got twisted to something much less desirable and turned into the organization most of the people in the community feared it will become - an influential group full of corrupt rich people with the intent of becoming even more wealthy and push out anyone from the Foundation that wanted something other (for example, positive development of cryptocurrencies, clearing misconceptions about Bitcoin in the mainstream society or general promotion and spreading awareness about a free and cheaper alternative to transact money, especially online).

Although, some might over-emphasize the influence of the Foundation in the Bitcoin enthusiast community but they are quite a big figure which some might notice if they haven't put in much though about Bitcoin or are new to it.

[unamis76]

This foundation went from something terrible to a complete joke very fast. It's the same old story: the higher the shelves, the more useless they become.

I hope the foundation simply disappears once and for all. It has been causing too much trouble. The people who could push forward such initiative don't have the time to do so, and even if they had, they wouldn't like to have their names associated with a Bitcoin Foundation.

Also, it's a good time to stop crediting these guys and stop them from being news.

[umairsaleem]

This foundation went from something terrible to a complete joke very fast. It's the same old story: the higher the shelves, the more useless they become.

Actually you will find most stuffs related Bitcoin are completely terrible jokes, think about Mt.Gox or Bter, various scams, drug/gambling, money laundering, shity coins ....