Breaking News: Satoshi sighted as member of "the Foundation"

[kjj]

So, if i understand correctly, half of you are saying it's completely okay to incorporate in the US with pseudonymous and not undersigned entities listed as Founding Members? And handwave it "oh, they are just honorary"?

U.S.  law has absolutely no concept of "founding members", nor of "members".  Corporations have owners (shareholders) *, directors (the board, typically elected by the owners) and officers (president, CEO, CFO, etc, typically appointed by the board).

In the US, corporations are typically formed as shells with generic bylaws by people that specialize in such things,   I have no idea if the foundation was filed that way, or directly.  Doesn't matter even a tiny little bit either way.

The foundation board is divided into classes for various reasons, for example, to ensure that the entire board isn't corporate members.  This is pretty common for nonprofit entities.

Being listed as a founding member means two things.  First, if he steps forward to claim his membership, he won't need to pay any dues.  Second, if he wishes to be on the board, it will be very easy for him to do so.

As usual, this is a pure troll thread, caused not by an evil conspiracy to control bitcoin, but by a too-tight tinfoil hat.

*  Nonprofits are an odd exception to this.  They don't have owners or shareholders, they have stakeholders.  Read that again.  No owners.  Or, owned by everyone, if you prefer to see it that way.  Since there are no owners, the bylaws indicate how the board is elected.

[mcdett]

As usual, this is a pure troll thread, caused not by an evil conspiracy to control bitcoin, but by a too-tight tinfoil hat.

Not so.  If they desire to be transparent they'll produce the legally executed articles of incorporation.  They could legally assign ownership to an individual that provides a key, but why wouldn't they produce the signed agreement?

They need to let us know how transparent they want to be!

[drakahn]

As a founding member of  THE BITCOIN FOUNDATION, INC. he may have signed the by-laws. In the interest of full transparency THE BITCOIN FOUNDATION, INC. should post a scan of the original by-laws or provide us with an explanation why he was appointed without his consent.

Agree.

This makes sense and needs to be addressed!

I've never cared one way or the other about the foundations existence, but I would like to hear from one of them about Satoshi's place as a founder, If it is honorary just say that

[kjj]

As usual, this is a pure troll thread, caused not by an evil conspiracy to control bitcoin, but by a too-tight tinfoil hat.

Not so.  If they desire to be transparent they'll produce the legally executed articles of incorporation.  They could legally assign ownership to an individual that provides a key, but why wouldn't they produce the signed agreement?

They need to let us know how transparent they want to be!

You "do contracts all the time"?  That must be hard for a guy that apparently can't read.

There is no ownership.  That means that there was no "legally assign ownership" either.  Members are not owners.  You seem to have missed that in my previous post.  Is bold enough, or should I change the font size too?

At least you have stopped thinking that corporations are created by contract.  You may get your merit badge in internet lawyering yet.

[Jackin Jill]

Cited, not sighted.

But I'm excited that you sighted the citation.

[BorderBits]

Ha! OP's thread shows how "decentralized" BTC is.  Too funny. 

[mindtomatter]

I pointed Jon Matonis to this thread and asked for comment, as he is a founding member of the Bitcoin Foundation

Here's what he said:

Satoshi was added as a courtesy It would have been more arrogant to exclude Satoshi as his designated heir to development was also a founding member. If requested to, I'm sure it wouldn't be a problem to remove.

I don't think there's anything to get upset about here, just a symbolic move.  Keep in mind The Bitcoin Foundation has no formal standing, it's just a joint effort by early pillars within the community to centralize some of the attention to better address it, and to help target development.   They have no real power besides who their members are and what they voluntarily do (except Gavin, who is paid to develop)

[JaredR26]

I pointed Jon Matonis to this thread and asked for comment, as he is a founding member of the Bitcoin Foundation

Here's what he said:

Satoshi was added as a courtesy It would have been more arrogant to exclude Satoshi as his designated heir to development was also a founding member. If requested to, I'm sure it wouldn't be a problem to remove.

I don't think there's anything to get upset about here, just a symbolic move.  Keep in mind The Bitcoin Foundation has no formal standing, it's just a joint effort by early pillars within the community to centralize some of the attention to better address it, and to help target development.   They have no real power besides who their members are and what they voluntarily do (except Gavin, who is paid to develop)

tl;dr: Much ado about nothing.

[BitCoinDream]

Satoshi has been sighted! He is now a member of "the Foundation" otherwise known as THE BITCOIN FOUNDATION, INC.

ARTICLE III - MEMBERSHIP

Section 3.1 Membership Classes: The Corporation will have three classes of membership:

(a) Founding Members;

(b) Industry Members; and

(c) Individual Members.

The term "member" may be used to refer generically to a member in any class.

Section 3.2 Membership Qualifications: The requirements for membership in each membership class shall be as follows:

(a) Founding Members. The Founding Members of the Corporation shall be:

i. Gavin Andresen, Bitcoin Developer residing or doing business in Amherst, MA, USA.

ii. Peter Vessenes, CEO of CoinLab and residing or doing business in Bainbridge Island, WA, USA.

iii. Charles Shrem, CEO of BitInstant residing or doing business in Brooklyn, NY, USA.

iv. Roger Ver, CEO of MemoryDealers residing or doing business in Santa Clara, CA, USA.

v. Patrick Murck, Principal at Engage Legal, PLLC residing or doing business in Washington, DC, USA.

vi. Mark Karpeles, CEO of MtGox.com and residing or doing business in Tokyo, Japan.

vii. Satoshi Nakamoto, at satoshin@gmx.com, author of the white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” published on http://bitcoin.org and owner of the PGP Public Key with fingerprint: 5EC948A1.

As a founding member of  THE BITCOIN FOUNDATION, INC. he may have signed the by-laws. In the interest of full transparency THE BITCOIN FOUNDATION, INC. should post a scan of the original by-laws or provide us with an explanation why he was appointed without his consent.

Please post on Twitter, Facebook and other social media. Let's get the word out.

THE BITCOIN FOUNDATION, INC. is scrambling and covering up to bury this story by relegating the most important revelation since the genesis block as deeply as they could in these forums:
https://bitcointalk.org/index.php?topic=188177.0

Just stumbled upon this awesome fact. A year ago Bitcoin Foundation had more reliability and then they were doing this !!!

[rayfloyd]

I pointed Jon Matonis to this thread and asked for comment, as he is a founding member of the Bitcoin Foundation

Here's what he said:

Satoshi was added as a courtesy It would have been more arrogant to exclude Satoshi as his designated heir to development was also a founding member. If requested to, I'm sure it wouldn't be a problem to remove.

I don't think there's anything to get upset about here, just a symbolic move.  Keep in mind The Bitcoin Foundation has no formal standing, it's just a joint effort by early pillars within the community to centralize some of the attention to better address it, and to help target development.   They have no real power besides who their members are and what they voluntarily do (except Gavin, who is paid to develop)

/thread

[AnonyMint]

I'm utterly convinced, however, that if Satoshi returned today under a new username and posted his opinions on the current state of Bitcoin a shitload of people would tell him that he "doesn't understand" Bitcoin and what it's "supposed" to be.

And how do you know it isn't me?

[OnkelPaul]

And how do you it isn't me?

Because that sentence no verb.

And Satoshi seems to have an excellent command of english, so you can't be him. Q.E.D.

Onkel Paul

[BitCoinDream]

And how do you it isn't me?

Because that sentence no verb.

And Satoshi seems to have an excellent command of english, so you can't be him. Q.E.D.

Onkel Paul

OMG ...Excelent 

[OnkelPaul]

OMG ...Excelent 

<grammar-nazi>
The word is spelled "excellent".
</grammar-nazi>

You aren't Satoshi either. 2 down, 297518 to go...

Onkel Paul

[AnonyMint]

And how do you it isn't me?

Because that sentence no verb.

Deleting words from what I wrote is a sign of desperation.

[BitCoinDream]

OMG ...Excelent 

<grammar-nazi>
The word is spelled "excellent".
</grammar-nazi>

You aren't Satoshi either. 2 down, 297518 to go...

Onkel Paul

Google chrome thinks this spelling is correct. And I'm NOT Satoshi. I am Bitcoin Dream

[OnkelPaul]

Google chrome thinks this spelling is correct. And I'm NOT Satoshi. I am Bitcoin Dream

Educate chrome somewhat and show him this link: http://www.dumbtionary.com/word/excelent.shtml

Thanks for confirming that you are not Satoshi - this shows the power of the scientific method once again!

Onkel Paul

[DannyHamilton]

Thanks for confirming that you are not Satoshi - this shows the power of the scientific method once again!

Onkel Paul

Interesting process.

On the other hand, it's well known that Satoshi guarded his privacy and anonymity. As such, it is entirely possible that he would intentionally use poor grammar while posting under an alternative username to keep others from realizing who he actually is.

[AnonyMint]

There is so much dick in the Bitcoin space, I can almost taste it am afraid to swallow.  

First of all Bitcoin (as it currently stands unless morphed as I say above) will be limited to reasonably affluent, white males mostly under age 50. Thus figure the upper limit of adoption is several hundred million. Note NE Asians are white.

[BitOnyx]

Interesting topic. It fits great recent drama related to Satoshi.