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Olivier Janssens who call himself an early digital currency adapter and Bitcoin millionaire recently proposed a $100,000 bounty to develop a software platform that could replace the Bitcoin Foundation.
Olivier Janssens who call himself an early digital currency adapter
and Bitcoin millionaire recently proposed a $100,000 bounty to develop a
software platform that could replace the Bitcoin Foundation.
Today the Bitcoin Foundation is the major Bitcoin organization and
representative of crypto-currency. It was founded in September 2012 in order to accelerate the global growth of digital
According to the message posted on /r/Bitcoin Janssens dislikes the politics of Bitcoin
“We have been trying to push the
BF for transparency and clear communication for years, without result. Meanwhile
they started creating even more political structures inside, such as
committees, which can only be accessed by knowing the right people.”
As example he mentioned the Bitcoin Conference 2014 organized by Bitcoin
“I expected to see full internet
participation + live streaming of their events. Especially of the BF member
meeting, where they are supposed to get input from their members and disclose
what they have been up to. Instead, the board decided that the event is not to
be recorded or broadcasted. We have also no idea or say on how our money is
spent. Half of their board gets elected by industry members (a group of about 100
companies), and recently led to another extremely controversial election of
Brock Pierce, who has a history of being connected to cases involving fraud and
Janssens believes that an internet community needs to focus on
Bitcoin’s original ideas directly and evade another intermediary: “We need a project to have lobbyists in
Washington, to fight the anti-Bitcoin lobbyists from Mastercard, and to prevent
the government from destroying the currency.”
The contest he has decided to organize offers a prize of $100,000 in BTC
if someone could create a better platform to make this happen.
“I am thinking of a system where
prominent people can voice their opinion, where people can propose projects,
and where the core devs can actively show their roadmap with detailed features
+ costs, and where we can vote on the features being implemented by sending
bitcoins towards the feature of our choice,” wrote Janssens.
The deadline for submissions is till June 17, 2014, 12:00 UTC. And
anyone can participate. Janssens will decide the winner himself but the Reddit
community can help by voting on the platform submissions they like the most.
The first reaction to the message was more than skeptical, but after a
millionaire moved 250 BTC into a new wallet to prove his identity and
plans, active discussions began.
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