Bitcoin Foundation Election Yields No New Board Members

The initial voting session for two vacant industry seats on the Bitcoin Foundation board expired Wednesday at 11:59 PM, and the initial session of voting yielded no new board members.

Announced this evening by Brian Goss of the Bitcoin Foundation, there’s “no outright winner”, which means another road of voting will be required.

The first round of voting saw participation from nearly 75 percent of the Foundation’s industry members, with 102 out of 137 ballots submitted.

For the seats, a candidate will require at minimum 52 votes.

According to Goss, “If no candidate receives 52 votes or only one candidate receives 52 votes, there will be a second round of voting. If three or more candidates receive greater than 52 votes, then the two candidates with the highest number of votes will win seats.”

Just because there wasn’t winner doesn’t mean that there weren’t popular candidates, though.

Coming on top with most votes was Bobby Lee, CEO of BTC China. Behind him was Brock Pierce, bitcoin entrepreneur with 34 votes, and Gyft’s Vinny Lingham with 21 votes.

Goss says that because there wasn’t any one candidate with 52 or greater votes, there will be a run-off between Lee, Pierce, and Lingham.

Details on the second round of voting, according to Goss, will be announced early next week.