How to get BTC Foundation out of Bitcoin development?

[The Bitcoin Co-op]

There are a couple Foundation members in the Co-op, but I personally don't trust the Foundation, at all. It costs money to join, and you must join to have a voice, ergo it is a plutocracy. They're trying to set up shop in Canada, and it feels like an invasion; we worked hard to make Canada what it is for crypto, and the Foundation provided no support, whatsoever (or even credit after the fact). They just wanna be boss

I am aware that the Co-op helped build Bitcoin in Canada so they should have more influence than the foundation does in the region, and do not deserve any credit for that. Anyways I agree that the foundations approach is not the best way to approach bitcoin in my opinion and a cooperative organization to work on building bitcoin is better than a single plutocratic group or organization too centralized.

We actually don't even have a "leader," exactly, which is pretty cool, and we discuss almost everything publicly. That does has some disadvantages, though... we are a very bottom-up grassroots movement, but the top-down approach has value in certain scenarios. It's just that the larger top-down organization needs to support the grassroots movements--at least with publicity. That's how it's supposed to work, but we've been left to fend for ourselves for quite some time. I will approve of anyone who makes my job easier.

[bg002h]

Has anyone ever made a credible guesstimate as to how wealthy the Bitcoin Foundation is?
and/or do they issue a regular financial statement?

How to get BTC Foundation out of Bitcoin development?
Based on the huge, historical increase in BTC prices, I think "the battle" is going to be fought against an extremely wealthy opponent.
Anyone have an idea how wealthy they really are?

Less than $5M, inclusive of the less than ฿10,000 being held unhedged.

It's tiny. And the foundation has very little, if anything, to do with development.

[kthejung]

What I want to know is... why do people care about who is on the Bitcoin Foundation if Bitcoin is run by the people.  Why do they draw so much attention?  It really shouldn't matter if they appointed actual monkeys to the board if Bitcoin is truly decentralized. (no offense to the members, just trying to make a point)

[bananas]

What I want to know is... why do people care about who is on the Bitcoin Foundation if Bitcoin is run by the people.  Why do they draw so much attention?  It really shouldn't matter if they appointed actual monkeys to the board if Bitcoin is truly decentralized. (no offense to the members, just trying to make a point)

It is not run by the people, it descantralized only in theory. Most of the hash rate belongs to a few miners/mining pools that do not care about anything as far as they get their bitcoin reward. And the protocol is fully controled by the foundation, they own the github account. They own the developers. Let's stop the myth, the descentralized myth is making most people not see how serious it is. The real world is different of Satoshi's white paper.

[justusranvier]

Fork the bitcoin code with a new development team. I will say this is very much needed and have two different paths for bitcoin full nodes. Gives better choice, but right now most people accept the bitcoin core dev team without understanding why two groups deving would benefit bitcoin so much!

https://opensource.conformal.com/wiki/btcd

btcd is an alternative full-node implementation of the bitcoin protocol written in Go and is currently under active development. We feel that by providing an alternative to bitcoind we can substantially improve the diversity and resilience of the bitcoin ecosystem and infrastructure.

[ljudotina]

The bitcoin foundation does not and cannot control btc. Bitcoin is decentralized : there are many different nodes participating to create the network. Every single node of them is a computer running some machine code. This code is open source, you can look at it, change it etc.

The bitcoin foundation mission is to standardize, protect and promote Bitcoin. In other words, they are kind of a marketing club 

Dude, really, are you trying to get me killed? It's 1AM in the morning here. I started laughing so hard i just couldnt keep it inside. I woke up my wife and now she's pissed at me...and you don't wanna get her pissed 

[7queue]

What I want to know is... why do people care about who is on the Bitcoin Foundation if Bitcoin is run by the people.  Why do they draw so much attention?  It really shouldn't matter if they appointed actual monkeys to the board if Bitcoin is truly decentralized. (no offense to the members, just trying to make a point)

It is not run by the people, it descantralized only in theory. Most of the hash rate belongs to a few miners/mining pools that do not care about anything as far as they get their bitcoin reward. And the protocol is fully controled by the foundation, they own the github account. They own the developers. Let's stop the myth, the descentralized myth is making most people not see how serious it is. The real world is different of Satoshi's white paper.

I only see one aspect as decentralized, the rest is very centralized and tightly controlled. Still an interesting experiment to watch unfold though...

8 )

[jbrnt]

I would like to see the devs forming a "Bitcoin Dev Guild" and take their salaries from their own contribution address. They can create their won subscription program from the public, like the current TBF platinum/gold/silver membership. This way, they can work with multiple types of foundations/associations/businesses and also public users.

In a nutshell, the "Bitcoin Dev Guild" will detach from the foundation forming a self sustaining entity, with the foundation as one of many bitcoin partners.

[Phinnaeus Gage]

The bitcoin foundation does not and cannot control btc. Bitcoin is decentralized : there are many different nodes participating to create the network. Every single node of them is a computer running some machine code. This code is open source, you can look at it, change it etc.

The bitcoin foundation mission is to standardize, protect and promote Bitcoin. In other words, they are kind of a marketing club 

Dude, really, are you trying to get me killed? It's 1AM in the morning here. I started laughing so hard i just couldnt keep it inside. I woke up my wife and now she's pissed at me...and you don't wanna get her pissed 

Then, I suggest you don't read what I'm about to post while the honey is abed. Speaking of such, did you know that honey has no expiration date, with honey found in the Great Pyramid was still edible?

[keithers]

What I want to know is... why do people care about who is on the Bitcoin Foundation if Bitcoin is run by the people.  Why do they draw so much attention?  It really shouldn't matter if they appointed actual monkeys to the board if Bitcoin is truly decentralized. (no offense to the members, just trying to make a point)

The reason people care so much is because people on the Bitcoin Foundation are often viewed as the faces of Bitcoin (whether we like it or not).

In my opinion, their background and public image should be almost as important as what they bring to the table skill wise...

[Phinnaeus Gage]

What I want to know is... why do people care about who is on the Bitcoin Foundation if Bitcoin is run by the people.  Why do they draw so much attention?  It really shouldn't matter if they appointed actual monkeys to the board if Bitcoin is truly decentralized. (no offense to the members, just trying to make a point)

The reason people care so much is because people on the Bitcoin Foundation are often viewed as the faces of Bitcoin (whether we like it or not).

In my opinion, their background and public image should be almost as important as what they bring to the table skill wise...

Virtually every criticism expressed about the TBF to-date I closed my eyes to, but there was no way in hell I was going to remain silent on the Brock Pierce issue, hence starting and leading the campaign to not get him elected, now ousted. Now, that the TBF has drawn the line in the sand, all bets are off. If they are so short-sighted to not see what's wrong with having Brock Pierce on the board, then it's probably a given there's something more nefarious afoot.

I can't believe that not one woman on the board has raised a concern. Basically, they have just alienated women, Christians and other sects, and parents with children, not to mention the children themselves, from embracing Bitcoin. Fuck, if Michael Jackson were still alive, he would probably be the leader of Bitcoin somehow. What the fuck am I thinking?



Gulp!

[Slingshot]

 Please don't hijack this thread and the topic -
Re: How to get BTC Foundation out of Bitcoin development?


Thank You.

[kthejung]

What I want to know is... why do people care about who is on the Bitcoin Foundation if Bitcoin is run by the people.  Why do they draw so much attention?  It really shouldn't matter if they appointed actual monkeys to the board if Bitcoin is truly decentralized. (no offense to the members, just trying to make a point)

It is not run by the people, it descantralized only in theory. Most of the hash rate belongs to a few miners/mining pools that do not care about anything as far as they get their bitcoin reward. And the protocol is fully controled by the foundation, they own the github account. They own the developers. Let's stop the myth, the descentralized myth is making most people not see how serious it is. The real world is different of Satoshi's white paper.

Okay, so basically Bitcoin is the Silicon Valley nerds' way of trying to take over the world; a new government with the Foundation at the head and centralized mining as the new Wall Street.  All just as I suspected...  which is fine by me as long as I make my cut along the way.

[justusranvier]

Please don't hijack this thread and the topic -
Re: How to get BTC Foundation out of Bitcoin development?


Thank You.

Easy: promote and use alternatives to all the software they develop.

It's entirely possible for the community to fire all the developers of Bitcoin Core (paid by Bitcoin Foundation or not) just by not using it.

Don't worry - Bitcoin will won't go away even if Satoshi's client is no longer being used.

[Snail2]

Creating a DAC as a replacement for TBF could be a solution. A DAC can have shareholders, an embedded voting system, a board of directors (elected by the shareholders via the embedded voting system), possibility of voting on decisions. As it's worldwide distributed it can create IRL subsidiaries practically everywhere, it can pay salaries directly or by using it's local subsidiaries, it can hire or fire devs, contractors, specialists, lobbists... so a DAC could be a really potent but still transparent entity for developing, promoting, controlling, regulating or unregulating BTC.

[Bitcoin Foundation]

Inspired by this thread, we're setting up the No Bitcoin Foundation. the domain bitcoin.foundation is already secured!

[Swordsoffreedom]

Inspired by this thread, we're setting up the No Bitcoin Foundation. the domain bitcoin.foundation is already secured!

Well was looking around the forum and you seem active so I wish you the best of luck in your efforts
What is your alternative though