2012-10-01 theverge.com - Can the Bitcoin Foundation build legitimacy for an out

[julz]

Can the Bitcoin Foundation build legitimacy for an outlaw currency?
"It'll be fractious." - Peter Vessenes

Adi Robertson
2012-10-01

http://www.theverge.com/2012/10/1/3436984/bitcoin-foundation-legitimacy-and-standardization


Some of the biggest names in the world of Bitcoin, the unregulated virtual currency with a small but devoted user base, are looking to give it a friendlier public face. Announced last week, the Bitcoin Foundation — which counts lead developer Gavin Andresen and Mt. Gox CEO Mark Karpeles among its board members — is meant to do for Bitcoin what the Linux Foundation has helped do for open source software, paying selected developers for full-time work and nailing down best practices.
...
Bitcoin users are deeply enthusiastic about their currency, but if it’s to survive until the age of flight, it will need to be seen as more than an experiment or potential scam.
...

'outlaw currency' eh?  I guess it'll be a while before journalists tire of inflammatory titles for Bitcoin related articles.

[Severian]

They had the good taste to quote one of the littererry lights here:

"The foundation is Bitcoin's face to the world, not a mirror for us to look at ourselves," writes one forum member.

[kiba]

Commentators are a bunch of idiots who don't understand what a ponzi scheme is.