Bitcoin Foundation Publishes Annual Letter From Chairman Peter Vessenes

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Peter Vessenes, the Chairman of the Board at the Bitcoin Foundation has today published his annual letter, which addresses a number of topics which include (in order): communications, values, decentralization, privacy, and more.

Vessenes begins his letter with an apology:

As Chairman of the Bitcoin Foundation, I owe you an apology. Bitcoin has grown more quickly than we have, and we weren’t prepared to keep up.

What can we do to improve? I have some ideas, and I would like yours as well. First, we need to continue to staff up our communications team, and change our communications culture. Second, we need a more precisely defined and stronger set of guiding principles. Third, we need to make some small modifications to our Governance structure.

Vessenes notes that the Bitcoin Foundation needs to get better at communicating, noting that they’ve “been lazy and undisciplined about getting updates written in the face of so much possible content”.

I’ve put forward a challenge to the team: “Say a lot more.” There’s much more we can say than we have about what we’re up to, amazing things our members are doing, and what’s happening in the regulatory world. I would like the Foundation to really stretch on this, both because you deserve to see how your bitcoins are being spent, and because we will all benefit from the sort of vigorous debates that I know will ensue.

The lengthy letter covers a variety of other topics, and you can read it in full here.