Quote from: rini17 on April 27, 2013, 07:50:06 PM

So, if i understand correctly, half of you are saying it's completely okay to incorporate in the US with pseudonymous and not undersigned entities listed as Founding Members? And handwave it "oh, they are just honorary"?

U.S. law has absolutely no concept of "founding members", nor of "members". Corporations have owners (shareholders) *, directors (the board, typically elected by the owners) and officers (president, CEO, CFO, etc, typically appointed by the board).

In the US, corporations are typically formed as shells with generic bylaws by people that specialize in such things, I have no idea if the foundation was filed that way, or directly. Doesn't matter even a tiny little bit either way.

The foundation board is divided into classes for various reasons, for example, to ensure that the entire board isn't corporate members. This is pretty common for nonprofit entities.

Being listed as a founding member means two things. First, if he steps forward to claim his membership, he won't need to pay any dues. Second, if he wishes to be on the board, it will be very easy for him to do so.

As usual, this is a pure troll thread, caused not by an evil conspiracy to control bitcoin, but by a too-tight tinfoil hat.

* Nonprofits are an odd exception to this. They don't have owners or shareholders, they have stakeholders. Read that again. No owners. Or, owned by everyone, if you prefer to see it that way. Since there are no owners, the bylaws indicate how the board is elected.