Posted On 03.05.2015
The Bitcoin Foundation is an American nonprofit corporation. It was founded in September 2012 with the stated mission to “standardize, protect and promote the use of bitcoin cryptographic money for the benefit of users worldwide. In March 2014, the Foundation hired Jim Harper of the Cato Institute as Global Policy Counsel and Amy Devcore bitcoin of Weiss Public Affairs as a media consultant. According to its founding documents, the Bitcoin Foundation’s original members included Gavin Andresen, Charlie Shrem, Mark Karpeles, Peter Vessenes, Roger Ver, Patrick Murck and Mehul Puri.
Former lead bitcoin developer Gavin Andresen is employed by the foundation as “chief scientist. Bitcoin Foundation’s board of directors, as of May 2014, included chairperson Peter Vessenes, Gavin Andresen, Bobby Lee, Micky Malka, Jon Matonis, Brock Pierce, and Elizabeth Ploshay. On 13 April 2015, the board appointed investor and financial consultant Bruce Fenton as Executive Director of the Bitcoin Foundation. On 29 March 2016, the Bitcoin Foundation was listed by UK-based company Richtopia at number 27 in the list of 100 Most Influential Blockchain Organisations. The Foundation and its leadership have been criticized by some in the media. In November 2014, the Bitcoin Foundation announced that it would seek to wind down its education, outreach and public policy initiatives as it turns its focus to core development. Three surveys conducted earlier by the Bitcoin Foundation suggest that many community members, both inside and outside of the organization, want to see it adopt a stronger focus on bitcoin’s open-source technology development.