05 Apr '15, 9am

Board Member Olivier Janssens Leaks Damning Facts About the Bitcoin Foundation: Olivier

Board Member Olivier Janssens Leaks Damning Facts About the Bitcoin Foundation: Olivier

As a result of 2 years of ridiculous spending and poorly thought out decisions, they almost ran out of money in November of last year. In extremis, but way too late, they decided to select a new executive director during that time. That new director decided that the only way to still get funds at that point, was to focus solely on funding core development, in the hope that people would see that as a good cause. But people were smart enough not to trust the Foundation anymore. […] The truth is that the Foundation’s plan was to hire even more core devs + to start a Bitcoin Standards Body. No organization should have this much control over Bitcoin, and a disaster was avoided.

Full article: https://www.cryptocoinsnews.com/board-member-olivier-jans...

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