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Author Topic: What has the Bitcoin Foundation funded?  (Read 1023 times)
Elwar (OP)
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July 10, 2014, 08:28:00 PM
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Seriously, I would like to know.

I can only think of paying developers and paying for a lobbyist. Anything else?

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July 10, 2014, 11:01:49 PM
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https://github.com/TheBitcoinFoundation/legal/blob/master/White%20Papers/White%20Paper%20-%20Receipt%20of%20BTC%20From%20Unknown%20Person.mdown

Saying that you don't trust someone because of their behavior is completely valid.
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July 10, 2014, 11:04:25 PM
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http://www.bitcoin2013.com/
http://bitcoin2014.com/
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July 10, 2014, 11:13:05 PM
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I don't think they're still into Bitcoin. I think they're into Mastercoin and realcoin now.

https://bitcointalk.org/index.php?topic=683663.0

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July 10, 2014, 11:14:17 PM
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Brock Pierce's pockets
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July 11, 2014, 01:18:27 AM
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BTC is known as the most transparent.But Bitcoin Foundation is acting the other way. Everyone inclines to doubt how the fund is spend. It is another threat to BTC.
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July 11, 2014, 01:44:37 AM
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This is getting a bit outdated but...I posted this a while ago and David reposted it here: https://bitcoinfoundation.org/forum/index.php?/topic/752-the-good-and-useful-things-the-foundation-has-done-for-us-members-compiled-by-dr-brian-goss/

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July 11, 2014, 02:02:23 AM
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They pay 3 full-time Bitcoin Core devs, they've funded work on bitcoin.org, they do various legal/outreach work, etc. They do a decent amount of good stuff, though I always worry that an organization like this will become a dangerous point of centralization someday. It would be better if the 3 full-time devs they're hiring were hired by 3 separate organizations, for example. (But it's better that the Foundation pays them than no one pays them.)

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July 11, 2014, 10:21:25 AM
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You're right. An organisation like this could easily be infiltrated when you can buy your way in pretty easily. IT could easily be taken over by some nefarious people or entity for their own benefit, specially if they have enough money.
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July 11, 2014, 11:10:24 AM
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They pay 3 full-time Bitcoin Core devs, they've funded work on bitcoin.org, they do various legal/outreach work, etc. They do a decent amount of good stuff, though I always worry that an organization like this will become a dangerous point of centralization someday. It would be better if the 3 full-time devs they're hiring were hired by 3 separate organizations, for example. (But it's better that the Foundation pays them than no one pays them.)

Exactly. But this is not someday. It's today.

There's no need for a foundation. All developers should and can receive individual donations. The Bitcoin Foundation just wastes resources and damages the reputation of bitcoin. It is a hazard.
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July 11, 2014, 11:30:58 AM
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The Bitcoin foundation seems like a real double edged sword to me. No doubt they do a lot of good stuff and many members will have the best interest of bitcoin at heart, but there will also be capitalist snakes among them who just want to get rich quick. The foundation can be attacked all to easily when members go rouge or get into trouble, so it's not very good in that respect.
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