Does Bitcoin need to be ‘liberated’? Entrepreneur offering $100K for ideas

Does Bitcoin need to be ‘liberated’? Entrepreneur offering $100K for ideas

May 18, 2014

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A bounty has been offered by early bitcoin adopter and millionaire, Olivier Janssens, to replace the Bitcoin Foundation with a new software. Janssens is offering $100,000 to anyone clever and creative enough to make it happen. bitcoin-foundation

Janssens created the bounty due to his lack of trust with how the Bitcoin Foundation is currently operating.

Just a week ago, the board saw three members resign from the foundation, due to their lack of belief that the foundation was improving. Janssens expressed his views of the foundation, saying:

“Unfortunately, it is internally recreating the same archaic political system that fails to work for society. Bitcoin is the currency of the internet generation. It puts the power back into the hands of the people. You cannot expect its main representative organisation to be exactly the opposite: A non-transparent, political and secretive elite. We have been trying to push the BF for transparency and clear communication for years, without result.”

Janssens believes he and other bitcoiners are left out of the loop in terms of what political moves the foundation is making. This is unacceptable, since bitcoin is a currency for the people to be in control of, rather than a select few.

Click here to view original web page at coinreport.net

Here is his full message:

Hi Everyone,

My name is Olivier Janssens, early adopter and Bitcoin millionaire. The Bitcoin foundation has had its role in the last 2 years. Unfortunately, it is internally recreating the same archaic political system that fails to work for society. Bitcoin is the currency of the internet generation. It puts the power back into the hands of the people. You cannot expect its main representative organisation to be exactly the opposite: A non-transparent, political and secretive elite.
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. At the bitcoin 2014 conference, organised by this same organisation, 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 lead to another extremely controversial election of Brock Pierce, which has a history of being connected to cases involving fraud and pedophilia. This needs to stop.
We as an internet community, don’t need public figures to decide what’s good for us. We need to stop politicking and start focussing on the projects directly. For example, we need a project to fund the core development of bitcoin, and put our money straight to that. 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. Basically, we don’t need another intermediary. We can do this ourselves. Therefore, I want to announce today that I am organizing a contest and giving $100k USD in BTC, to the group that can come up with the best 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. This will allow the core dev team to expand by being able to add/pay more devs for feature requests which are fully funded. Maybe we can even evolve to a system later where anyone can work on a feature, which, when programmed properly (approved by the core team), will receive the bounty. The same applies to lobbyists, we just send bitcoins towards the one that we consider the most competent for the job.
This will allow Bitcoin to grow and expand at a rate it deserves, a rate that a political organisation such as the foundation can never accomplish.
Let’s liberate bitcoin.
Olivier

Click here to view original web page at www.cryptocoinsnews.com

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