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bit-emperor (OP)
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March 12, 2017, 01:12:58 AM |
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Why there is an organization named : Bitcoin Foundation, what is the main activity of its Foundation, does it produce any regulation about Bitcoin , and does we need Bitcoin Foundation?Because I think bitcoin is no need to be regulated from any organization or even any government in this world
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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franky1
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March 12, 2017, 01:34:29 AM |
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the BF
was originally envisioned to be a place where people can get info. collaborate on projects, organise meetups social events and also fund dev teams.
it was hoped they would have got into going to help governments, legal agencies understand bitcoin better, and ensure governments didnt get too heavy handed with bureaucracy of regulating the fiat<->btc exchanges..
bitcoin itself is not in any countries/government jurisdiction.
but people are.
and businesses using bitcoin could be regulated. especially ones also handling FIAT. such as exchanges. so although you cant regulate bitcoin. businesses working at the edges between bitcoin and fiat can be played around with by governments.
the BF was not intented to ever "regulate" bitcoin or control bitcoin but be pretty much be the noticeboard of bitcoin information.
but they just milked the members dry and walked away.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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panju1
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March 12, 2017, 01:34:52 AM |
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Why there is an organization named : Bitcoin Foundation, what is the main activity of its Foundation, does it produce any regulation about Bitcoin , and does we need Bitcoin Foundation?Because I think bitcoin is no need to be regulated from any organization or even any government in this world
It does not regulate Bitcoin. It can't. Its objectives include promoting Bitcoin. It largely became irrelevant because it was more interested in lobbying with governments rather than spending money on protocol development. |
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franky1
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March 12, 2017, 01:44:19 AM |
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It does not regulate Bitcoin. It can't. Its objectives include promoting Bitcoin.
It largely became irrelevant because it was more interested in lobbying with governments rather than spending money on protocol development.
it done neither successfully, just pretended the majority of members funds were being used for those purposes while they syphoned alot out while doing the minimum |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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DannyHamilton
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March 12, 2017, 04:27:28 AM |
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The Bitcoin Foundation is/was a private club that gave themselves a fancy sounding name so that others might be fooled into thinking there was something "official" about them. To become a "member" of their club, you would donate bitcoins to them. Then they would spend those bitcoins on whatever the club leadership wanted to. Sometimes it might be lobbying government representatives, or educating the public, or paying developers to add features to the bitcoin code. Other times it might be a party or gathering for socializing and networking.
If you like, you can create your own club with your friends and others. You can also give your club a fancy name (maybe something like "The Bitcoin Association" or "The Bitcoin Management Committee".
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staceyoh
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March 12, 2017, 05:50:55 AM |
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I think bitcoin foundation is nice
because it can help to promote
bitcoin to the people.
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davis196
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March 12, 2017, 05:57:18 AM |
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The Bitcoin Foundation is/was a private club that gave themselves a fancy sounding name so that others might be fooled into thinking there was something "official" about them. To become a "member" of their club, you would donate bitcoins to them. Then they would spend those bitcoins on whatever the club leadership wanted to. Sometimes it might be lobbying government representatives, or educating the public, or paying developers to add features to the bitcoin code. Other times it might be a party or gathering for socializing and networking.
If you like, you can create your own club with your friends and others. You can also give your club a fancy name (maybe something like "The Bitcoin Association" or "The Bitcoin Management Committee".
This is pretty funny.Having a foundation is a really good business.  Are the BF "members" just parasites or they do contribute and help the bitcoin community? How to become a leader of this foundation?Maybe we could make some changes and improve bitcoin promotion thru BF. |
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hisuka
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March 12, 2017, 06:08:30 AM |
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Bitcoin foundation was build just to protect and promote the use bitcoin cryptographic money for the benefit of the users worldwide. It is good that bitcoin foundation was created just to inform the awareness of bitcoin to all.
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freebutcaged
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March 12, 2017, 06:14:40 AM |
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Is theymos the admin in there as well? good thing about bitcoin there is no organization directly affiliated with the source code, even if you doubt the BF you could easily download from GitHub if ever wanted to download anything.
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Hazir
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March 12, 2017, 06:17:09 AM |
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We know that now - Bitcoin Foundation become to scandalous and as result soiled their name.
The idea behind that organization was noble though, their initial goal was to provide advocacy to the cryptocurrency.
They should have been focused on participating in politics schemes, provide legal support and not take part in bitcoin development.
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Juggy777
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March 12, 2017, 06:42:50 AM |
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When will people realize that no one controls Bitcoins, that's how it is. As far as the organisation is concerned did you even do some research on it before deciding to assume it control Bitcoins. Of course it doesn't control Bitcoins and as explained by other members above, it was meant to good for Bitcoins act as a connecting link between government and Bitcoins. But it failed, and I am not at all surprised it did. The money was to huge and their greed overpowered them, and the end result we know sadly what happened.
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Mitcsell
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March 12, 2017, 07:01:08 AM |
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When will people realize that no one controls Bitcoins, that's how it is. As far as the organisation is concerned did you even do some research on it before deciding to assume it control Bitcoins. Of course it doesn't control Bitcoins and as explained by other members above, it was meant to good for Bitcoins act as a connecting link between government and Bitcoins. But it failed, and I am not at all surprised it did. The money was to huge and their greed overpowered them, and the end result we know sadly what happened.
If the government controlled bitcoin, then everything gave up and it would calm down in this regard. But the fact is that they are only interested in income, and bitcoin makes it possible to hide the incomes of citizens, and therefore taxes are falling. If the government were the unanimous owner of bitcoins, then it would be a chasm. |
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digaran
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🖤😏
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March 12, 2017, 07:18:31 AM |
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Bitcoin foundation is the bitcoin network of nodes and miners nothing less nothing more, any nonprofit organization has no impact on the integrity of the network as a whole, decentralized system with a consensus protocol rings any bells?
There is a wallet(core) and there are a few mining software that's all nothing else should be any of your concern.
Please don't complicate the situation for newbies.
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AGD
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March 12, 2017, 07:37:57 AM |
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The Bitcoin Foundation is/was a private club that gave themselves a fancy sounding name so that others might be fooled into thinking there was something "official" about them. To become a "member" of their club, you would donate bitcoins to them. Then they would spend those bitcoins on whatever the club leadership wanted to. Sometimes it might be lobbying government representatives, or educating the public, or paying developers to add features to the bitcoin code. Other times it might be a party or gathering for socializing and networking.
If you like, you can create your own club with your friends and others. You can also give your club a fancy name (maybe something like "The Bitcoin Association" or "The Bitcoin Management Committee".
Oh and you can also put "Satoshi Nakamoto" as a founding member if you want. Not too many people are aware of this though. I read some newer articles in the mainstream media, where the Bitcoin Foundation is still presented as kind of a "Bitcoin Headquarter" and it always makes me laugh. |
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LeGaulois
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March 12, 2017, 10:42:44 AM |
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Everyone can make a bitcoin foundation... It's supposed to be like an organisation for non profit near to the model of an association. Usually made to promote values, charities, or who wants to give back to a community
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bitbunnny
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March 12, 2017, 10:49:39 AM |
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I'm not very familiar with such subjects but I'm surprised if there isn't some Bitcoin foundation already. This is good idea if it will be used for good purposes and Bitcoin promotions and not some selfish goals.
And establishment of Bitcoin related organizations doesn't mean the control, that has to be clear.
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erickkyut
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March 12, 2017, 11:17:46 AM |
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Bitcoin foundation is a site that gives information and promotes bitcoin. It does not regulates bitcoin, no one has the capability to do that. Maybe you asked that because the name "Bitcoin Foundation" caught your interest. It is part of their Marketing plan. The name should be catchy to attract more visitors in the site. Anyways, the site is good.
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Xester
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March 12, 2017, 12:49:54 PM |
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Why there is an organization named : Bitcoin Foundation, what is the main activity of its Foundation, does it produce any regulation about Bitcoin , and does we need Bitcoin Foundation?Because I think bitcoin is no need to be regulated from any organization or even any government in this world
I have not heard of that bitcoin foundation but I dont think it does function as to regulate bitcoin nor it is an official organization of bitcoin. There are no official organization of bitcoin since it is decentralized and there are no central organizations that controls it. If it is named a bitcoin foundation then the answer possibly is that they are a foundation that accepts bitcoin to fund their charitable activities. |
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Kemarit
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March 12, 2017, 01:29:44 PM |
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I never heard of a Bitcoin Foundation before. Although our country has a Bitcoin Organization. Which acts as a collaborative networking group where our country's registered Bitcoin businesses, individuals who are interested in Bitcoin, experienced individuals participating in the Bitcoin industry, and newcomers who seek to learn about Bitcoin can all get together and share ideas. It is a non-profit organization dedicated to the development of the Bitcoin industry through education, representation, and community-building. They even seek to educate new members and the general public about Bitcoin by providing free Bitcoin-related resources and regular educational seminars.
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Kprawn
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March 12, 2017, 02:49:04 PM |
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When Satoshi left the scene, some people thought it would be a good idea to have a governing body or a central organization that could speak with governments about Bitcoin. They were also supposed to arrange big events where Bitcoin is discussed and promoted, but most of that money went into huge salaries for the people "working" for the BF. { even the secretary got a huge salary}  |
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