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a non-Profit organization responsible for the standardization and promotion of the cryptocurrency Bitcoin world, went bankrupt and lost the trust. Members of the organization made a proposal to close it and start a new Fund that will continue the unfinished work of the Bitcoin Foundation, but under a new name and new rules.
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Organization Bitcoin Foundation, dedicated to standardization and promotion of Bitcoin, is on the verge of bankruptcy, the message says Oliver Janssens at the official online forum of the organization. Jansen - a new member of the Board of the Bitcoin Foundation, adopted in March
"the Bitcoin Foundation is essentially bankrupt. This was the result of runaway spending and reckless decisions in the past two years. Almost all cash reserves were exhausted in November last year," he said.
Jansens said that recently the company has reduced 90% of their staff that "many work on a voluntary basis" and that the Executive Director of the Bitcoin Foundation Patrick mark will leave his post in two weeks. Janssens added that mark is trying to create a new organization for standards development, as the Bitcoin Foundation cannot support this process and lost its reputation.
He also added that the Bitcoin Foundation tend to conceal their true position. "If the organization acted openly, we all would have already knew that she did not have money," Jensens.
Janssens added that he is willing to sacrifice "several hundred thousand" the new Fund, which will include the developers of standards. The money will be spent on their salaries during the year. It is expected that the Fund will agree to sponsor the common people interested in the development of Bitcoin. He also offered to give each person contributing money, a right to vote on key issues.
Standartization and promoter of Bitcoin on the verge of bankruptcy, without employees and trust
as for the fate of Bitcoin Foundation, Jansens proposed to solve it together with the members of the organization. "We can vote to close it. You'll get your money, although left them a little, " he wrote. - If you wish to save the organization, then I would recommend to completely change her reign".
The Bitcoin Foundation was founded in September 2012 with the aim of standardization, protection and promotion of the cryptocurrency Bitcoin. The organization was created in the image of the Linux Foundation and is mainly received donations from companies interested in using Bitcoin in their commercial services.
Organization came at a time when the cost of one bitcoin was $10. Its peak cryptocurrency has reached about a year later, in December 2013 per bitcoin Then gave $1150. To date, the rate dropped to $250 and continues to decline.
The Bitcoin Foundation has been the object of criticism. In addition to the opacity of work, the contradictions caused by the fact that among the founders of the Bitcoin Foundation was part of Charlie Shrem , the CEO closed last year because of theft of large amount of bitcoins largest exchange Mt.Gox.
To learn read more about how the Bitcoin system works, see CNews.
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