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Two Bit Idiot Threatens Bitcoin Foundation Board of Directors

The entrepreneur hiding under the nickname The Two-Bit Idiot, again, does not allow the Bitcoin Foundation to sleep. Previously, he has already distinguished himself by publishing the internal plans of the Mt.Gox exchange before its bankruptcy. At the same time, Mark Karpeles, the general director of the exchange, voluntarily left the ranks of the Bitcoin Foundation, and now members of the board of directors Jon Matonis and Peter Vessenes are under attack.

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The Two-Bit Idiot accuses them of deliberately hiding data on the stock exchange and not only:

1) Bitcoin Foundation has not warned investors about the danger of deposits in Mt. Gox, despite the obvious problems known since April 2013. Not to mention technical transparency, external audit, or any other deposit checks.
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2) There is evidence that the members of the board of directors of the Bitcoin Foundation had personal contact with the CEO of Mt.Gox, which allowed them to deposit and withdraw funds from Mt. Gox, despite delays or lack of payments for regular customers.

3) Concern about using the private information of the Bitcoin Foundation's Peter Vessenes to run its CoinLab business.

4) The current leadership has shown tremendous disregard for other members of the foundation. The importance of his immediate resignation (rather than gradual) is reinforced by the secret plans of the leadership to transfer the headquarters of the fund to London without the participation of members and investors.

5) Peter Vessenes, as the head of CoinLab, has been involved in litigation with the head of Mt. for nine months. Gox after a failed partnership attempt. Both remained on the board of directors. As a result, personal conflict contributed to an incorrect assessment by the Mt. Gox and interact with her.

On Monday, The Two-Bit Idiot plans to publish the full text of the article, disclosing these claims with evidence, if these individuals do not voluntarily leave the board of directors. He will also be satisfied with the option when the Fund’s corporate sponsors publicly distance themselves from the organization and state that the Bitcoin Foundation no longer represents the true interests of its members.

Otherwise, on Monday at 3 pm EST / 12 p.m. Pacific time, a full disclosure of the lack of professionalism and negligence of the Bitcoin Foundation will be published. In a variant of accidental getting under the bus at this weekend, his lawyers will publish the expose.

Link to the original post from The Two-Bit Idiot

Source: https://habr.com/ru/post/215123/


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