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Author Topic: Bitcoin Foundations conflict of interest  (Read 1628 times)
dave111223
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April 08, 2013, 11:56:51 PM
 #1

Doesn't anyone else smell a rat when they view the bitcoin foundation board members?

https://bitcoinfoundation.org/about/board
Mark Karpeles -> Owner Mtgox
Charlie Shrem -> Owner Bitinstant
Peter Vessenes -> Owner Coinlab

So they are collecting donations for the betterment bitcoin?  Seems to me like they are collect donations to fund their own interests?

While at the same time all these guys have their companies listed as Platinum/Silver members?  But don't list any financials of how much they donated, or where the donations are specially being spent.

Don't get me wrong I have nothing against these people; they are running great and useful businesses.  And I wish them all success in their business ventures.

But seriously wtf are people donating coins to this foundation?

It like Benanke, Dimon and Madoff setting up a "Dollar Foundation" and people donating to it to help improve the image of the dollar.



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April 09, 2013, 12:15:30 AM
 #2

Doesn't anyone else smell a rat when they view the bitcoin foundation board members?

https://bitcoinfoundation.org/about/board
Mark Karpeles -> Owner Mtgox
Charlie Shrem -> Owner Bitinstant
Peter Vessenes -> Owner Coinlab

So they are collecting donations for the betterment bitcoin?  Seems to me like they are collect donations to fund their own interests?

While at the same time all these guys have their companies listed as Platinum/Silver members?  But don't list any financials of how much they donated, or where the donations are specially being spent.

Don't get me wrong I have nothing against these people; they are running great and useful businesses.  And I wish them all success in their business ventures.

But seriously wtf are people donating coins to this foundation?

It like Benanke, Dimon and Madoff setting up a "Dollar Foundation" and people donating to it to help improve the image of the dollar.

The same Mark Karpeles that is holding all of bitcoinica's creditors BTC hostage for the past 10 months?



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April 09, 2013, 12:17:40 AM
 #3

I for one welcome our new corporatist overlords!

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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April 09, 2013, 12:28:49 AM
 #4

I brought this up so many times and most people don't even care about it.

Only way to beat it is to not buy a membership to the foundation and in 2 years maybe they will give up power like they are suppose to and let people in that will actually make a change.

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April 09, 2013, 12:40:11 AM
 #5

Don't be silly. These are the people that are making your Bitcoins worth something.

Hardfork aren't that hard.
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April 09, 2013, 12:42:55 AM
 #6

Good post.

Down with the banking overlords, the political overlords and now the bitcoin foundation overlords.

I guess, when Bitcoin v2 comes out ~ that makes any such 'Bitcoun Foundation' redundant ~ there will be a tidal shift.

Absolutely nothing, NOTHING.. NOOOTTHINNG ! Will make me ever support over lords like this.

Absolute Power corrupts and absolute power corrupts absolutely!

I love bitcoins - everything about them.
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April 09, 2013, 12:44:38 AM
 #7

Don't be silly. These are the people that are making your Bitcoins worth something.

A Bitcoin foundation member ?! The enemy rears its ugly head. LOL.

Dude, I stand for the dissolution of power structures, having a newer even smaller control group hurts me so bad you wouldn't believe it.  This is ~ to me ~ such a bad thing, that I literally want to cash in all my bitcoins right now and say, 'You know what, FUCK IT!'

I love bitcoins - everything about them.
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April 09, 2013, 12:45:55 AM
 #8

Don't be silly. These are the people that are making your Bitcoins worth something.

I have to disagree, Mt Gox is very laggy, Bitinstant was hacked, and coinlab was suppose to start by march 22 opening beta, yet they never made any announcement about pushing it back. I feel they are hurting bitcoin more then helping currently. I think it is the entrepreneurs, and the people that ask/email companies and ask them to accept bitcoins, that are making bitcoin what it is worth. The foundation is a complete joke, they have yet to do anything but start a forum that is hidden behind a paygate. I think the foundation is a scam to be honest.

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April 09, 2013, 12:49:27 AM
 #9

Don't be silly. These are the people that are making your Bitcoins worth something.

So your contention is that without these 3 companies bitcoin would be worthless?



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April 09, 2013, 12:55:48 AM
 #10

It reeks. This is basically a self-serving enterprise of business owners that will look to shut out competition or anybody that doesn't walk their line using their own list of agendas. I've seen it before. Power corrupts. Let them have their gatherings, but don't donate to it, and take your business elsewhere.
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April 09, 2013, 12:57:54 AM
 #11

define "the betterment of bitcoin"
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April 09, 2013, 12:59:54 AM
 #12

Don't be silly. These are the people that are making your Bitcoins worth something.

So your contention is that without these 3 companies bitcoin would be worthless?
No. My contention is that these guys made you money. Without them, you would have less.

Don't forget, the main goal of the foundation is to pay the devs. The Foundation has no authority. It's basically setup to take handouts and give them to clever people who otherwise could not afford to quit their jobs to work on Bitcoin.

I doubt any of us realize how many nights, weekends, and vacations have been spent on making the protocol actually work. For free. That's why there is a foundation.

Hardfork aren't that hard.
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April 09, 2013, 01:03:32 AM
 #13

Don't be silly. These are the people that are making your Bitcoins worth something.

So your contention is that without these 3 companies bitcoin would be worthless?
No. My contention is that these guys made you money. Without them, you would have less.

Don't forget, the main goal of the foundation is to pay the devs. The Foundation has no authority. It's basically setup to take handouts and give them to clever people who otherwise could not afford to quit their jobs to work on Bitcoin.

I doubt any of us realize how many nights, weekends, and vacations have been spent on making the protocol actually work. For free. That's why there is a foundation.

Only one dev gets paid and that is Gavin so that is wrong that they pay the devs. Also I make my own money, no one makes money for me. To be completely honest Bitpay actually got the price up by getting wordpress and other companies to sign up, not the foundation, not any of those members.

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April 09, 2013, 01:04:43 AM
 #14

Don't be silly. These are the people that are making your Bitcoins worth something.

So your contention is that without these 3 companies bitcoin would be worthless?
No. My contention is that these guys made you money. Without them, you would have less.

Don't forget, the main goal of the foundation is to pay the devs. The Foundation has no authority. It's basically setup to take handouts and give them to clever people who otherwise could not afford to quit their jobs to work on Bitcoin.

I doubt any of us realize how many nights, weekends, and vacations have been spent on making the protocol actually work. For free. That's why there is a foundation.

And which devs have been paid?  How much were they paid?  When where they paid?  Who decided how much they were paid?

It seems to me like most of the devs are actually donating members, so money flowing in the exact opposite direction that you claim:
https://bitcoinfoundation.org/members



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April 09, 2013, 01:05:39 AM
 #15

Don't be silly. These are the people that are making your Bitcoins worth something.

This comment made me think of plantation owners telling their slaves at least we give you food.
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April 09, 2013, 01:07:36 AM
 #16

Don't be silly. These are the people that are making your Bitcoins worth something.

This comment made me think of plantation owners telling their slaves at least we give you food.
If you are likening yourself to a slave, what work were you forced to do?

Hardfork aren't that hard.
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April 09, 2013, 01:08:24 AM
 #17

It reeks. This is basically a self-serving enterprise of business owners that will look to shut out competition or anybody that doesn't walk their line using their own list of agendas. I've seen it before. Power corrupts. Let them have their gatherings, but don't donate to it, and take your business elsewhere.

Totally agree.

Do you think that if any one comes along with an idea that is good for bitcoin, but bad for these companies will get promoted by the foundation?

For example a the Bitcoin ATM which utilized Bitstamp exchange; I wonder how the foundation would look upon that; a pretty dim view i would guess.



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superduh
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April 09, 2013, 01:09:22 AM
 #18

i'm more thinking conflict of interest between mtgox and ripple
although i STILL have no idea what ripples are

ok
owenprescott
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April 09, 2013, 01:22:47 AM
 #19

Don't be silly. These are the people that are making your Bitcoins worth something.

This comment made me think of plantation owners telling their slaves at least we give you food.
If you are likening yourself to a slave, what work were you forced to do?

My point was not of being a slave as I do not believe that just yet. It just appears to me the "foundation" has branded itself as the authority and the primary channel for Bitcoin support, the figure heads of Bitcoin even. Perhaps the foundation should start manufacturing physical coins with the "representatives" faces on the coin to remind us who makes our money worth anything.
Frozenlock
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April 09, 2013, 01:34:25 AM
 #20

Just launch the "Bitcoin consortium" then.
Distribute flyers with your picture on it, describing what you've accomplished for Bitcoin.

Oh wait...
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