Quote from: Spendulus on December 17, 2018, 11:56:13 PM

Quote from: eddie13 on December 11, 2018, 09:15:01 PM

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The foundation would have to be transparent and remain true to the purpose of advancing BTC. Always do the right thing, the best we can, and show it. ....

Things sure didn't turn out as expected or hoped for with the Bitcoin Foundation.

That is a shame too. A foundation like the Bitcoin Foundation could do a lot of good for the community if it went about things in the right way. I'm not sure if they had anyone that knew much about how to run and grow a nonprofit. There's some nuance there that's different from for-profit entities. I suppose the problem could be drama-related, really unfortunate if so.

I tried to reach out to them earlier this year about what seemed to be a great reason, the Hal Finney ALS fund, which has accumulated just over 14 BTC, and should have the funds donated to the ALS Foundation. I didn't get a response, and the BTC is still at that address (https://www.blockchain.com/btc/address/1JsnZLEGgLJY7rbDdaKTzC2JyvfaKUpF5p).

Earlier this year I had to pause my own non-profit organization, BTRIC, because I didn't want to spend the modest amount of funds that it raised all out to me for my cost of living. Earning a living had to take priority, of course.

But I always find myself getting drawn back towards blockchain, and especially cryptocurrency. So the unpausing, for me, is coming, either with BTRIC or potentially somewhere else. Not really sure about that part, just know that I have never felt more passionately about something as I do about blockchain technology being a tremendous force for good in the world, with cryptocurrency being the most important application for it.

But anyway, during my pause (going on 6 months), I've had a chance to think about a bunch of things (long drives to and from work will do this to you). One of those being the need to build or coordinate nonprofits in the cryptocurrency space that are not simply big crypto endowments. Instead, like other nonprofits, they should implement programs, sponsor research, and raise funds from performing grant work and from philanthropic trusts. There's enough research that could be conducted, benefitting Bitcoin, research sponsors, and society as a whole, to fund the operations of a foundation. To say nothing of other work a foundation could coordinate that could really benefit people in the developing world and spread the use of cryptocurrency while simultaneously diminishing the control that private central banks have over much of the planet.

I support your idea for a way to fund BTC advancement in a manner that isn't solely dependent on current Bitcoin businesses. I don't know if a fork is the right way to do it, but it certainly is an idea worth considering. Forks have been created for much less worthy reasons (lol). I hope that you don't stop at Public Relations, and also focus on other ways to really keep advancing the tech. Promotion and education ARE important, but there are other priorities too. And absolutely, complete transparency is a must for any credible nonprofit.

Best regards,
Ben