[2016-01-03] The final days of the Bitcoin Foundation?

[elyas772]

Bruce Fenton, executive director at the Bitcoin Foundation, opened its December 15 board meeting with a sense of urgency.
"We need additional funds if we wish to retain employees."
The numbers didn't look good. In two years, the foundation had seen at least $US7 million evaporate. As of November 30, its total assets stood at $US12,553.06.
To sustain the Bitcoin Foundation's operations, which have included lobbying, putting on conferences, and providing technical support for the digital currency, Fenton urged the group to find ways to raise money quickly. They considered cold- calling ex-members, and Fenton said he's working on marketing materials for prospective donors to explain the organisation's purpose. "There is no material saying what the foundation does," he said.


Read more: http://www.smh.com.au/business/markets/currencies/the-final-days-of-the-bitcoin-foundation-20151230-glx3x4.html#ixzz3w8YNaaoe
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[1713491279]

1713491279

[siameze]

"The Bitcoin Foundation" just needs to dissolve already. I already argued this point with Bruce Fenton in a thread he made 2 weeks ago. No one at the foundation has any money management concepts at all - just take a look at the financials that were released, a concise summary is in r/buttcoin of all places: https://www.reddit.com/r/Buttcoin/comments/3z1n18/happy_new_year_presenting_the_long_overdue/

Paying that idiot Gavin $147k a year to foster dissent in the community isn't one of their shining moments either.

[Appuned]

"The Bitcoin Foundation" just needs to dissolve already. I already argued this point with Bruce Fenton in a thread he made 2 weeks ago. No one at the foundation has any money management concepts at all - just take a look at the financials that were released, a concise summary is in r/buttcoin of all places: https://www.reddit.com/r/Buttcoin/comments/3z1n18/happy_new_year_presenting_the_long_overdue/

Paying that idiot Gavin $147k a year to foster dissent in the community isn't one of their shining moments either.

Gavin has a point to increase the blockchain size. Without increasing it, bitcoin will be dead.

[Kprawn]

We did not want a foundation from the start... It would just create a central point of failure, when it's attacked and people would just use that as a opportunity to leech money

from the community. Some of the first members of the foundation had a shady past, and that created even more friction in the beginning. {Disney Super Star} 

The payment to the secretary also did not justify such a huge salary in my opinion.. but they reckoned she was worth it. 

[siameze]

"The Bitcoin Foundation" just needs to dissolve already. I already argued this point with Bruce Fenton in a thread he made 2 weeks ago. No one at the foundation has any money management concepts at all - just take a look at the financials that were released, a concise summary is in r/buttcoin of all places: https://www.reddit.com/r/Buttcoin/comments/3z1n18/happy_new_year_presenting_the_long_overdue/

Paying that idiot Gavin $147k a year to foster dissent in the community isn't one of their shining moments either.

Gavin has a point to increase the blockchain size. Without increasing it, bitcoin will be dead.

You seem especially qualified to opine on this subject with posts like:

I use the Core Client, is it a full node? From the above comment, I do not have to open port 8333 to be full node? Does the full node require static IP?

This is false and has been discussed countless times - increasing blocksize right now is reckless as there are other far more crucial matters that need to be fixed first. You can follow the XT is already #rekt thread here: https://bitcointalk.org/index.php?topic=1162684.0

If you still carry that attitude after careful research I just have to assume you are redditarded and add you to my ignore list.