A serious proposal for a replacement non-profitable elected Bitcoin Foundation

[Armis]

You can't really let some new comers create the new Foundation either.

Everything in cryptocurrency land is "NEW".

The person with the absolute most exp in the bitcoin world only has 5 yrs exp; 
this forum is 3 yrs old,  and the bitcoin foundation website is only 2.

It was only MONTHS ago when bitcoin was in double digits across the board, and single digits about a year ago.


All things considered, tenure is not relevant.

[equinox9]

You can't really let some new comers create the new Foundation either.

Everything in cryptocurrency land is "NEW".

The person with the absolute most exp in the bitcoin world only has 5 yrs exp; 
this forum is 3 yrs old,  and the bitcoin foundation website is only 2.

It was only MONTHS ago when bitcoin was in double digits across the board, and single digits about a year ago.


All things considered, tenure is not relevant.

Absolutely. The notion that one needs to be here for a set time to have a sense of entitlement is exactly what should be discouraged

[Lauda]

You can't really let some new comers create the new Foundation either.

Everything in cryptocurrency land is "NEW".

The person with the absolute most exp in the bitcoin world only has 5 yrs exp; 
this forum is 3 yrs old,  and the bitcoin foundation website is only 2.

It was only MONTHS ago when bitcoin was in double digits across the board, and single digits about a year ago.


All things considered, tenure is not relevant.

No. You're new, and you probably have 1/10th of the knowledge that some experienced members here have (I won't mention any names though).

[tuheeden]

What would the purpose of a "New" Foundation be?

The Foundation's origin was/is based around a core group of developers and business partners with the purpose of enabling a more democratic representation to the open source project we know as Bitcoin.

So it would seem that the BEST way to circumvent the existing collaboration would be:

1 - Establish a team of technical resources that can execute updates and enhancements in a more timely fashion
2 - Garner the support of said technical team from a few substantial business partners that support the new direction

There is no reason why there has to only be ONE Bitcoin open source project. Start a new one and have it compete and succeed against the existing client.

It does not seem to me that the Foundation has any real authority or power over the Bitcoin code (anyone can download it and re-release it), so just create your own project and organization.

[equinox9]

What would the purpose of a "New" Foundation be?

The Foundation's origin was/is based around a core group of developers and business partners with the purpose of enabling a more democratic representation to the open source project we know as Bitcoin.

So it would seem that the BEST way to circumvent the existing collaboration would be:

1 - Establish a team of technical resources that can execute updates and enhancements in a more timely fashion
2 - Garner the support of said technical team from a few substantial business partners that support the new direction

There is no reason why there has to only be ONE Bitcoin open source project. Start a new one and have it compete and succeed against the existing client.

It does not seem to me that the Foundation has any real authority or power over the Bitcoin code (anyone can download it and re-release it), so just create your own project and organization.

A new foundation should focus on furthering  Bitcoin's integration into the mainstream. Its difference between the old model would be that: Members are chosen by the majority and each seat is on a temporary basis;  not self appointed. Accounts are public and with expenditure being properly scrutinised. It is a NON PROFIT organisation. It would engage with the community on a  frequent basis and consult on projects that would be a sensible use of funds. i.e marketing and facilities; new atms, bitcoin banners and logos being put in shop stores that accept it...

I feel right now, that Bitcoin is not being served correctly. It is a fanstastic concept that needs coordinated activity so that it can succeed. It is being pressured from all sides; incompetent exchange managers, fraudsters exploiting it, hackers seeking to disrupt it and the media attempting to destroy it.

[Lauda]

What would the purpose of a "New" Foundation be?

The Foundation's origin was/is based around a core group of developers and business partners with the purpose of enabling a more democratic representation to the open source project we know as Bitcoin.

So it would seem that the BEST way to circumvent the existing collaboration would be:

1 - Establish a team of technical resources that can execute updates and enhancements in a more timely fashion
2 - Garner the support of said technical team from a few substantial business partners that support the new direction

There is no reason why there has to only be ONE Bitcoin open source project. Start a new one and have it compete and succeed against the existing client.

It does not seem to me that the Foundation has any real authority or power over the Bitcoin code (anyone can download it and re-release it), so just create your own project and organization.

This foundation rarely engages with this this community, nor do they listen to use. Else mister Gox wouldn't be on the board any more.

[Armis]

You can't really let some new comers create the new Foundation either.

Everything in cryptocurrency land is "NEW".

The person with the absolute most exp in the bitcoin world only has 5 yrs exp;  
this forum is 3 yrs old,  and the bitcoin foundation website is only 2.

It was only MONTHS ago when bitcoin was in double digits across the board, and single digits about a year ago.


All things considered, tenure is not relevant.

No. You're new, and you probably have 1/10th of the knowledge that some experienced members here have (I won't mention any names though).

A board, a foundation, and especially a board of a foundation are inherently charged with doing the right thing, and setting a right example.  

how much tenure do you think it takes to do the right thing?

how much knowledge do you think it takes to do the right thing?

The CEO of Mt. Gox has arguably more bitcoin knowledge than 99.9% of the cryptocurrency industry, but clearly not enough to steer his ship straight,
the same could be said of BitInstant CEO, who was not only a foundation board member but also a founding member and vice Chair at the time of his resignation.  

If you have ALL OF THE KNOWLEDGE OF THE UNIVERSE but not enough to do the right thing, you're only good to lawyers wanting billable hours, not to the public.

[Lauda]

No. You're new, and you probably have 1/10th of the knowledge that some experienced members here have (I won't mention any names though).

A board, a foundation, and especially a board of a foundation are inherently charged with doing the right thing, and setting a right example.  

how much tenure do you think it takes to do the right thing?

how much knowledge do you think it takes to do the right thing?

The CEO of Mt. Gox has arguably more bitcoin knowledge than 99.9% of the cryptocurrency industry, but clearly not enough to steer his ship straight,
the same could be said of BitInstant CEO, who was not only a foundation board member but also a founding member and vice Chair at the time of his resignation.  

If you have ALL OF THE KNOWLEDGE OF THE UNIVERSE but not enough to do the right thing, you're only good to lawyers wanting billable hours, not to the public.

99.9% of the crypto industry? More like 0.99%.

[un_ordinateur]

Its difference between the old model would be that: Members are chosen by the majority and each seat is on a temporary basis;  not self appointed.

This foundation rarely engages with this this community, nor do they listen to use. Else mister Gox wouldn't be on the board any more.

If you read https://bitcoinfoundation.org/about/governance, you would know that the members of the foundations are not self appointed, they are elected. And that their tenure lasts 2 years. The current one finishes this July.

Mister Gox for example was elected. You just have to not vote for him when his seat is open again. If people were removed from office each time they displeased somebody, then nobody would ever hold a seat more than a day. Gox fucked up, and I will not vote for him again. But I see no problem of him finishing his term, especially since it is soon.

I have not seen the foundation being overly friendly with gox eighter: with all the malleability incident, they have been pretty clear that it is gox that fucked up, even if gox's boss is on the board.

[un_ordinateur]

I don't mind people creating a new foundation: The more people wanting to spend time furthering bitcoin's cause the better.

But I don't like gratuitous bashing of the current foundation, for all I have read here against them is eighter vague assumptions, or plain lies.