Very severe blow to bitcoin

[Lauda]

Who cares about the Bitcoin Foundation these days?

[vintagetrex]

I second. Please change the title. And yes... it is a good news. Especially when the frontmen of the foundation are planning to roll out their own coin.

Seriously?
That would be a glaring conflict of interest.

there is no conflict of interest. those in the foundation only have one interest.. greed. pre-mining their own new coin and selling bags of crap to naive noobs is all about the greed, fully inline with their interests..

this is too true. the corruption and greed in crypto currency has reached a tipping point

[Lauda]

oh dammit NO! after the buybitcoins hack and leak http://pastebin.com/NPUxhSWc
by the PirateBayKrew
this is another severe blow, I'm starting to lose faith 
please someone give me some good news
 

How is this a severe blow to Bitcoin? It's the fault of the company.
Stop spreading FUD newbie.

[Swordsoffreedom]

Who cares about the Bitcoin Foundation these days?

No one really, besides the regulators now and then
News of the day and the Lobbying Firm they hired
http://online.wsj.com/articles/bitcoin-foundation-hires-lobbying-firm-1404918261

Backers of the virtual currency bitcoin are beefing up their Washington presence as they seek to shape government oversight of the fledgling payment system.

The effort has been building since a number of federal agencies began examining bitcoin last year, but reached a milestone on Wednesday when the Bitcoin Foundation, the top trade organization for the new technology, said it had retained a lobbying firm for the first time.

The foundation hired Thorsen French Advocacy, a firm led by two former bipartisan congressional staffers, reflecting the group's desire to win support on Capitol Hill at a time when it's trying to influence an array of policy decisions. At least 13 U.S. government agencies have examined bitcoin, the Government Accountability Office said in a report last month.

The lobbyists' role will be to build "a reservoir of goodwill that we can deploy when we need to avert a crisis," said Jim Harper, global policy counsel for the foundation, on a call with reporters Wednesday. "The best work will head off problems before they become interesting to all of you."

[tvbcof]

The only positive thing I can say about The Bitcoin Foundation is that they have played a major part in destroying most of the philosophical hopes I had for the solution and thereby paved the way for me to feel OK about milking the shit out of it's success irrespective of the impact my actions may have.

Would you really have acted differently had BF not shown up?

I honestly don't know.  I'd most likely have tried to capitalize to some extent, but it probably would have been much more difficult.  I may have tried to make some meaningful contributions, but it may have been driven by necessity as much as by socio-political aspirations.  Anyway, as I said, I actually owe a dept of gratitude to TBF for helping me feel no special attachment to Bitcoin as a system and not care to much about it's trajectory other than what it means to my pocketbook.  I'll always feel it to have been an extremely important innovation even if history proves it to be more a proof-of-concept more than anything.

[kashish948]

BF or no BF, nothing is going to stop bitcoin!

[xDan]

Why do these people always have to cause a scene? He could have said: "I'd like the foundation to become more transparent. I'd like X to happen."

Name one thing the foundation has done to benefit Bitcoin. Seriously, maybe I missed something but I dont know what good the foundation has ever brought...

- Funding Gavin. And that other guy.
- Liaising with gubment, that a lot of you guys all hate. Like the recently hired lobbying firm.

But why aren't we funding a full time core dev in a decentralised fashion, with voting etc, yet? Is it because really, we are all just whiners who won't actually put in the effort/resources to solve the problem?

It's easier to hate the authority than to actually make the authority unnecessary.

[Guido]

Andreas Antonop's tweet is the worst news yet that I've heard for bitcoin. 

Looks like Andreas is done with the Bitcoin Foundation. Good. Screw the Bitcoin Foundation.

"I can no longer have even the smallest association with the Bitcoin Foundation, because of the complete lack of transparency" https://twitter.com/aantonop/status/486926129409052672

The Bitcoin foundation has gained Pierce and lost Antonopolos.  This isn't going in the right direction at all.

Title is wrong it should be "Very severe blow to the bitcoin foundation, Bitcoin unaffected"

yes

[davidgdg]

Imagine the panic if Satoshi's announcement that he is moving on to other things had been made this week rather than three years ago. 

[The Bitcoin Co-op]

He's not going to quit Bitcoin, just the Foundation. They disagreed with the things he wanted to do, it seems, so it's not like we lose any of Andreas' contributions via his departure.

[Ron~Popeil]

Please use some sense when you create your thread titles. New people visiting this forum seeing titles like this one or one of the many 51% fud threads get the wrong impression immediately. At worst this is a non issue for bit coin.     

[gondel]

So what?
Ho is that going to affect the BTC price in negative way?! I dont get it, please someone explain!
BR

[fryarminer]

What's the Bitcoin Foundation? 

[Erdogan]

Bitcoin regulator submission and tool provider investor assosiation.

[Erdogan]

Bitcoin distractor and altcoin assosiation.

[JorgeStolfi]

So what?
How is that going to affect the BTC price in negative way?! I dont get it, please someone explain!

The President of The Bitcoin Foundation  (the "The" being part of its name), billionaire virtual currency entrepreneur Brock Pierce, tells the Wall Street Journal that people should use RealCoin, a second-generation cryptocurrency, for e-commerce, instead of Bitcoin; since the latter is incurably volatile while RealCoin is pegged to the dollar. (However he expects some fringe bitcoiners to be displeased for silly ideological reasons.) 

[IIOII]

It's not a severe blow for bitcoin, it's a severe blow for The Bitcoin Foundation.

Actually it is good for bitcoin, because TBF looses the last bit of credibility. It paves the way for its dissolution. Then more efficient, non-political, democratic, and decentralized development initiatives will thrive.

[hellscabane]

Of course, the OP would say it's a huge blow for bitcoin (even though it isn't). I mean, just look at his sig...

I don't see this as a huge issue for bitcoin, just for the foundation. But let's be honest, it's not like they have been doing anything particularly special in the recent months. So this might affect the lobbying effort, but nothing too much beyond that.

[theblacksquid]

...
But why aren't we funding a full time core dev in a decentralised fashion, with voting etc, yet? Is it because really, we are all just whiners who won't actually put in the effort/resources to solve the problem?
...

Mike Hearn's already got something hacked up just for that purpose, seeing as the TBF has become an impotent group of RealCoin P&D's

http://www.coindesk.com/mike-hearn-wins-40000-bounty-bitcoin-core-crowdfunding/

[leopard2]

All the core developers who were with Bitcoin at the beginning are starting to leave, this could actually affect the price, especially if the Bitcoin foundation still has the ability to fuck with the network unless the community can create their own fork we all agree on.

We don't need to fork Bitcoin Core.

We have btcd.

We also have Obelisk.

Bitcoin doesn't need satoshi's client any more than the web needed Mosaic.

Excellent post 

Protocol is not the same as Client (however Mosaic was read only .. whereas Bitcoin clients DO WRITE to the blockchain so it is not exactly the same)