$100 000 in BTC to create a better platform than 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.

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$100 000 in BTC to create a better platform than 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 currency. 

According to the message posted on /r/Bitcoin Janssens dislikes the politics of Bitcoin Foundation:

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 Foundation:

“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 pedophilia.”

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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