Exodus from Bitcoin Foundation following Disney star’s appointment as directorhttp://rt.com/usa/159544-bitcoin-foundation-director-resigns/Russia Today continues to keep a close eye on Bitcoin, which I see as a good thing, especially since the news, even the ones which are not exactly positive, are presented in a constructive, open-minded manner.
Nearly a dozen members of the Bitcoin Foundation, the most influential bitcoin lobby group, have resigned over the election of former Disney child star Brock Pierce as the organization’s new director.
“The allegations against me are not true, and I have never had intimate or sexual contact with any of the people who made those allegations,” Pierce told reporters.
Several of the ten members who walked away from the foundation cited the allegations against Pierce as the reason for their departure, with some pleading with the board of directors to conduct more comprehensive background checks on future officials.
“The track record of the prominent Bitcoin Foundation members has been abysmal,” Patrick Alexander, one member who resigned, wrote on a bitcoin discussion forum. “I no longer want to be associated with these people.”
Others decried the group’s vetting process.
“The board has made repeated hollow promises about transparency,” another member wrote. “It’s been a year, and the only transparency the foundation has created has been the illusion of transparency at the expense of the forum using members by turning their private communications public overnight and zero transparency on the board itself. There are no financials. There are no minutes. There is no record of how board members are voting – and which ones are even participating.”
