Post
Topic
Board Bitcoin Discussion
Re: btc authority
by
Kprawn
on 26/10/2016, 15:46:46 UTC
Someone will try. They will fail. (a soft authority, "The Bitcoin Foundation" was an early attempt. It failed)
Bitcoin foundation was an attempt to provide advocacy to the cryptocurrency. Something that is still needed today.
But they had too many internal problems (they focused on development more instead or promoting BTC and achieving social acceptance) and sullied their own name with the scandals of board members.

Ethereum has its own Foundation and it is working just fine.

I would rather say, the Foundation was established to fill some individuals pockets with donations received from the community. We saw

admin secretaries paying huge amounts of money and everything went to shit after the money bags were emptied. OP, these kinds of

"Authority" figures are not good for a decentralized system like Bitcoin. Central figure heads, gets targeted and/or corrupted and then

everything goes to shit again.  Wink