Bitcoin Foundation
| Bitcoin Foundation | |
|---|---|
 | |
| Formation | September 2012 |
| Headquarters | Washington, D.C., USA |
| Website | bitcoinfoundation.org |
The Bitcoin Foundation is a charitable foundation founded in September 2012 with a stated mission to "standardize, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide."[1] The organization was modeled on the Linux Foundation and is funded mainly through grants made by for-profit companies that depend on the Bitcoin technology.[2]
Lead Bitcoin developer Gavin Andresen is employed by the foundation as "chief scientist".[2] In June 2013, the foundation received media attention when it published a letter from the California Department of Financial Institutions requesting that they "cease and desist from conducting the business of money transmission in this state",[3] and again when it published their detailed response to the regulators.[4] In November 2013 Patrick Murck, general counsel of the Bitcoin Foundation, testified before a United States Senate committee convened to assess digital currencies, at which the reception of Bitcoin by lawmakers was generally positive.[5]
The foundation has been criticized by members of the Bitcoin community with claims that it only represents the "'big business'" side of Bitcoin, not the actual users...,"[6] and for being "actively in collusion with members of law enforcement and seeking approval from government legislators."[7]
References
- ↑ Matonis, Jon. "Bitcoin Foundation Launches To Drive Bitcoin's Advancement". Forbes.
- ↑ 2.0 2.1 Bustillos, Maria (2 April 2013). "The Bitcoin Boom". The New Yorker. Retrieved 30 December 2013.
- ↑ McMillan, Robert (24 June 2013). "California Says the Bitcoin Foundation Is a Money-Transferrer". Wired. Retrieved 31 December 2013.
- ↑ Spaven, Emily (3 July 2013). "Bitcoin Foundation issues response to cease and desist warning". CoinDesk. Retrieved 31 December 2013.
- ↑ Lee, Timothy (23 November 2013). "For Bitcoin, a successful charm offensive on the Hill". Washington Post. Retrieved 24 November 2013.
- ↑ "Announcing the Bitcoin Foundation". Coding In My Sleep. "...according to the dissenting voices, it's representative only of the "big business" side of Bitcoin, not the actual users. It seems logical to me that such businesses have the most obvious vested interest in Bitcoin's success and promotion, and to an extent I can see their point: Bitcoin users do need just as much representation as Bitcoin businesses..."
- ↑ Greenberg, Andy (31 October 2013). "Dark Wallet Aims To Be the Anarchist's Bitcoin App of Choice". Forbes. Retrieved 31 December 2013.
External links
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