Difference between revisions of "Bitcoin Foundation"

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==History==
 
==History==
  
The foundation was announced on September 27, 2012<ref>[http://bitcointalk.org/index.php?topic=113400.0 Bitcoin Foundation]</ref>.
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The Bitcoin Foundation was announced on September 27, 2012.<ref>{{cite btct|id=113400|title=[ANN] Bitcoin Foundation|date=27 September 2012}}</ref>
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According to its founding documents, the Bitcoin Foundation's original members included [[Gavin Andresen]], [[Charlie Shrem]], [[Mark Karpeles]], Peter [[Vessenes]], [[Roger Ver]], and [[Patrick Murck]]. Current board members are divided into one of three categories: Founding Members, Industry Members, and Individual Members. The board is made up of a combination of elected members of the aforementioned categories.[[Gavin Andresen]] is employed by the foundation as "chief scientist."<ref name="Bitcoin Boom" />
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===California DFI error===
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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,"<ref>{{cite news |url=http://www.wired.com/wiredenterprise/2013/06/california_dfi/ |first=Robert |last=McMillan |date=24 June 2013 |accessdate=31 December 2013 |title=California says the Bitcoin Foundation is a money-transferrer |work=Wired}}</ref> and again when it published their detailed response to the regulators.<ref>{{cite news |url=http://www.coindesk.com/bitcoin-foundation-issues-response-to-cease-and-desist-warning/ |title=Bitcoin Foundation issues response to cease and desist warning |date=3 July 2013 |accessdate=31 December 2013 |work=CoinDesk |first=Emily |last=Spaven}}</ref> 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.<ref>{{cite news |url= http://www.washingtonpost.com/business/economy/for-bitcoin-a-successful-charm-offensive-on-the-hill/2013/11/22/000ed4b0-53b1-11e3-a7f0-b790929232e1_story.html |title= For Bitcoin, a successful charm offensive on the Hill |date= 23 November 2013 |accessdate= 24 November 2013 |first= Timothy |last= Lee |work= Washington Post}}</ref>
  
 
==External Links==
 
==External Links==

Revision as of 03:51, 30 July 2015

The Bitcoin Foundation is an American nonprofit corporation. It was founded in September 2012 with the 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] The Foundation and its leadership have been criticized by the media.[3]

History

The Bitcoin Foundation was announced on September 27, 2012.[4]

According to its founding documents, the Bitcoin Foundation's original members included Gavin Andresen, Charlie Shrem, Mark Karpeles, Peter Vessenes, Roger Ver, and Patrick Murck. Current board members are divided into one of three categories: Founding Members, Industry Members, and Individual Members. The board is made up of a combination of elected members of the aforementioned categories.Gavin Andresen is employed by the foundation as "chief scientist."[2]

California DFI error

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,"[5] and again when it published their detailed response to the regulators.[6] 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.[7]

External Links

References