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Author Topic: My open letter to Bitcoin Foundation  (Read 3756 times)
jgarzik
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December 30, 2012, 06:11:41 PM
 #41

gweedo, what makes you so aggressive when it comes to the Bitcoin Foundation? When you take a look inside (2.5 BTC per year for an elitist group is quite cheap), you'll see it's just a group of 242  humans (right now) - and most of them are really friendly. Nobody forced me to pay 25 BTC and I don't regret it.

How many of those 242 do you think work for Mt Gox or bitinstant? probably all employees of both, and that is where my issues really lie,

MtGox and BitInstant are nowhere near that big.  The majority of Bitcoin Foundation members do not work for these two companies.  That's just silly paranoia.  Math fail.


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December 30, 2012, 06:23:35 PM
 #42

MtGox and BitInstant are nowhere near that big.  The majority of Bitcoin Foundation members do not work for these two companies.  That's just silly paranoia.  Math fail.

^^

How many of those 242 do you think work for Mt Gox or bitinstant?

4% maybe...

It is just very sad that you guys don't see the corruption and issues, that could lead to the down fall of bitcoins in the next two years.

Would you invite others and allow them to find out about it, if you wanted to be corrupt? I wouldn't announce it publicly.

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December 30, 2012, 08:47:11 PM
 #43

Am I allowed to post this...?

http://dedecentralizationofbitcoin.wordpress.com/2012/10/05/de-decentralization-of-bitcoin/
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December 30, 2012, 08:56:16 PM
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Quote
It is just very sad that you guys don't see the corruption and issues, that could lead to the down fall of bitcoins in the next two years.

There are a ton of things which could lead to the downfall of Bitcoin in the next two years and Bitcoin Foundation has no control over most of them because the free market will operate in its own best short-term interests.  If anything, it is the role of BF to ensure that the protocol and the network continue to exist in some basic form when the market brings undesirable outcomes upon itself.  

First and foremost, the protocol and the network have to survive until all 21 million coins have been mined - that's a formidable challenge on its own.

I do believe that the term of the initial board should be shortened.  They're effectively a steering committee and as such should be looking to replace themselves with a board elected by the membership at large sooner rather than later.  Of course they should be able to nominate for election to the board by the general membership.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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