Bitcoin Foundation Suspends the Board Elections and Intends to Hold a Referendum Instead.The Bitcoin Foundation has announced its decision to suspend the elections for its board, and to hold something called a ‘special referendum’ instead. The Foundation’s executive director Bruce Fenton stated: “The logistics and time involved in a general public election are not practical right now given our focus, priorities, and resources.”
Considering the recent news as to almost complete financial bankruptcy of the foundation, as well as resignation and removal of two members thereof, Jim Harper and Olivier Jansens, the priorities in question must be a matter of survival, while the resources are almost literally null and void.
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