I'm proud of the foundation

[bassjoe]

The foundation may control the github repository of bitcoind/bitcoin-qt, however they do not control Bitcoin. If they have decided to give themselves 1 million coins or whatever, no one will use and people will fork in true open source fashion.

This is naive. Of course they would not do the obvious. But for a group of knowledgable persons it is easy to implement some "errors" that go unnoticed long enough to inflict serious damage.

Only a tiny fraction of all bitcoin users is able to understand the source code. And of this tiny fraction only few do actually verify it.

Wow. This is true paranoia. You really need to seek professional help.

The Bitcoin Foundation does not control bitcoin. It never will. Even if it manages to implement "errors" into the code, those errors will get noticed at some point because there are enough people outside of the Foundation that understand how bitcoin works and -- guess what? -- THEY WILL GO TO JAIL FOR CRIMINAL FRAUD. Because, as somebody else mentioned, they are a central organization and everybody knows who they are.

[1715173778]

1715173778

[1715173778]

1715173778

[bassjoe]

The Foundation has proved its worth with its response to the California DFI alone. It was brilliantly crafted and obviously showed weeks of intense research by some of the best financial services lawyers in the country. Very few BTC companies in existence could have afforded to put a response like that together and everybody in the industry should be overjoyed that the Foundation -- which is most definitely NOT a money transmitter -- is the entity taking the heat from the most-feared state financial regulator in the country.

Yes, the Foundation advocates regulation of BTC. However, regulation is coming whether you want it or not. Sticking your heads in the ground while shouting how BTC should be the fountainhead for a worldwide libertarian tech-utopia will not keep the regulators away.

[uMMcQxCWELNzkt]

All this sounds like an apparatchik's speech in support of the beloved party and the beloved leadership.

So does this:

What we DO know is that The Bitcoin Foundation goes against Satoshi's dream of no-trust-needed and complete decentralization

Satoshi is no god. His little software was not perfect from the beginning. He did not come down from the mountain with 10 golden rules engraved in stone for no one to question.

We need people to further develop the software, the protocol, the application and everyday use of Bitcoin. People, and that's what the Foundation is made of.

Says the foundation 

I think you should correct "people" to a "select few people" in your statement. It is obvious that trusting a few people to represent a community does not work and will not work with Bitcoin.