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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Bitcoin Foundation Changes Focus, acts like a Startup.

newsbtc
newsbtc
Last Updated: June 11, 2024 12:53 pm
2 mins read

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Mt.Gox fell hard, the prices fluctuate, the graphs are sinusoidal, bankruptcy and getting hacked has become a routine. This has been the life of a bitcoin in the last two years. Every time there is something new and powerful, two groups eventually emerge.

  1. The Supporters
  2. The Skeptics

Both these groups work against each other and help make things better, together.

Bitcoin Foundation

The Support & Advocacy Group in the case of Bitcoins is the Bitcoin Foundation, founded in 2012. The skeptics are everyone who doesn’t use Bitcoins yet. Patrick Murck, served as the General Counsel of the foundation. He has been the voice of the community and has more than once been the punching bag, for the accusations on Bitcoins.

Advocacy & Lobbying is a Drain on Resources

In the Bitcoin Foundation blogpost titled “Comings and Goings” in December, Patrick Murck, states clearly, why advocacy is not the way to go forward. In his own words…
Bitcoin Foundation Refocus, para says it all

Change means…losing some weight. 

“As a Foundation we will consistently assess the best way we can add value to the bitcoin project, and at times that will require us to shift focus. In this case that assessment led us to decide that we are no longer going to pursue a strategy of proactive lobbying and policy engagement. That, in turn, means saying goodbye to some talented and hard working team members including Jim Harper our Global Policy Counsel. We wish Jim the best and I’m certain that he will continue to do great work for the bitcoin community.” — Comings and Goings, by Patrick Murck.

What this means to Bitcoin Foundation?

This simply means that the Bitcoin Foundation is now going to stop thinking like a company; or corporation or [ahem..] a foundation. They are starting to act more like a startup. Which is extremely good, as startups build great products and innovate. Who else is better positioned to innovate in the arena than the Bitcoin Foundation itself? This is a good move for them and for the community, at large.

Author Note 
I would like to conclude this post, with the first quote from the “Comings and Goings” blogpost.
“You can’t be what you were, so you better start being just what you are.” -Fugazi
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Comments 2

  1. HYPER Crypto says:
    11 years ago

    This is great to hear. Innovation is what will drive Bitcoin forward.

    Reply
  2. Crypto Currency Swot says:
    11 years ago

    The Bitcoin foundation generates a too little positive public exposure.

    This disqualified them as a good representative for the Bitcoin community.

    The foundation should promote great Bitcoin projects with passion.

    The foundation should protect the community agains bashing of the mainstream media. Most articles in the mainstream displays poor information and they are extremely aggressive against Bitcoin.

    Bitcoin is doing very well, let this reflect in the media: https://www.youtube.com/watch?v=6WixTVUIa2w

    I’m just doing my part in my spare time, join me and form a team to code, design and promote the ecosystem.
    http://www.coinmarketswot.com

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. HYPER Crypto says:
    11 years ago

    This is great to hear. Innovation is what will drive Bitcoin forward.

    Reply
  2. Crypto Currency Swot says:
    11 years ago

    The Bitcoin foundation generates a too little positive public exposure.

    This disqualified them as a good representative for the Bitcoin community.

    The foundation should promote great Bitcoin projects with passion.

    The foundation should protect the community agains bashing of the mainstream media. Most articles in the mainstream displays poor information and they are extremely aggressive against Bitcoin.

    Bitcoin is doing very well, let this reflect in the media: https://www.youtube.com/watch?v=6WixTVUIa2w

    I’m just doing my part in my spare time, join me and form a team to code, design and promote the ecosystem.
    http://www.coinmarketswot.com

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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