Bitcoin Foundation Director: No Plans to Fund Core Development

[tokeweed]

Newly appointed Bitcoin Foundation executive director Bruce Fenton has indicated that the trade organization is unlikely to pursue proposed plans to support bitcoin core development.

The statements come on the heels of Wednesday's announcement that bitcore core developers Gavin Andresen, Wladimir van der Laan and Cory Fields had joined MIT Media Lab's Digital Currency Initiative in a full-time capacity due in part to the financial issues facing the Bitcoin Foundation.

Fenton reported that he was "not part" of discussions about the core developers joining MIT, but that the Foundation would continue to be supportive of the developers. Further, Fenton distanced the organization from past reports that it was seeking to form a venture-funded entity as part of a plan to spin off its development efforts.

http://www.coindesk.com/bitcoin-foundation-director-no-plans-to-fund-core-development/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

[BitmoreCoin]

So the core development will be funded by MIT, a private organization?

[Slark]

Bitcoin Foundation has proven to be too scandalous in the past. There is no wonder that Bitcoin Core developers don't want to be associated with organisation with not so pristine past.
The only problem with their decision is that MIT will have too much of an influence on developers now imo.

[cr1776]

Bitcoin Foundation has proven to be too scandalous in the past. There is no wonder that Bitcoin Core developers don't want to be associated with organisation with not so pristine past.
The only problem with their decision is that MIT will have too much of an influence on developers now imo.

Given how long RMS has been at MIT, I doubt they'll exercise a lot of influence. MIT seems pretty hands off.  :-)

[RussianRaibow]

Bitcoin Foundation has proven to be too scandalous in the past. There is no wonder that Bitcoin Core developers don't want to be associated with organisation with not so pristine past.
The only problem with their decision is that MIT will have too much of an influence on developers now imo.

Given how long RMS has been at MIT, I doubt they'll exercise a lot of influence. MIT seems pretty hands off.  :-)

A global financial instrument project is different than Linux. Linux has many flavor today. Will we be able to cope up with multiple flavors of Bitcoin Core ?

[inBitweTrust]

A global financial instrument project is different than Linux. Linux has many flavor today. Will we be able to cope up with multiple flavors of Bitcoin Core ?

Not only can we cope with multiple flavors of "Bitcoin Core", we already have them, and should encourage them as they make our ecosystem more robust and secure. Another implementation that we should focus on strengthening right now is libbitcoin and
https://wiki.unsystem.net/en/index.php/Main_Page

As it is the most complete independent full implementation to work with the bitcoin blockchain.

[MicroGuy]

I think the Bitcoin blockchain is becoming bloated beyond usefulness. Look for emerging blockchains to gain momentum in the near future.