REUTERS: Bitcoin Foundation Members Resigning Over Brock Pierce's Alleged History of Pedophilia, Fraud, Embezzlement (or: let's see how fast this gets downvoted)
Here's the official link: http://www.reuters.com/article/2014/05/16/us-bitcoin-foundation-resignations-idUSBREA4F02B20140516 And here's the comprehensive up-to-date collection of shady connections, digital forensic evidence, fraud allegations, and boy-rape intrigue surrounding the esteemed Gordon Bombay Junior: https://bitcointalk.org/index.php?topic=610521.0;all I would love, just LOVE for this post and posts like it to not be aggressively downvoted as they have been all week. What is wrong with you people? If you're genuinely downvoting information like this because you just like the cut of Brock Pierce's crypto swagger and think all quasi-negative news on bitcoin is evil news, keep in mind you may be aiding and abetting a serial child rapist and con man as he attempts to apply a strangehold on the burgeoning Bitcoin industry. PLEASE READ ALL THE LINKED EVIDENCE. If that doesn't tug on your heartstrings enough, at least consider that, from a PR standpoint alone, this man is probably not the one who will take you and your BTC stash to the moon. In fact, based on his past actions and associations, he's much more likely to take your BTC on a one-way trip to the nearest country where the age of consent is under 13...y'know, someplace like Marbella, Spain...maybe he'll run into some old friends there. Who knows? ;-) Don't say we didn't warn you! Free Buffalo JA!
Molyneux interviews Gabe Hoffman, producer of An Open Secret, the documentary which exposes Brock Pierce's involvement in child sexual predation in Hollywood
Stefan Molyneux just posted a new interview with Gabe Hoffman, producer of An Open Secret. They discuss, among other things, how the US legal system protects pedophiles and child sexual predators by not punishing them. An Open Secret clearly shows that Brock Pierce was heavily involved in one such disgusting, predatorial operation. In fact, Brock lived in the house where this was all taking place. He claims he is innocent. He was never charged. When in 2014 Brock Pierce, Mark Karpeles, and Charlie Shrem were proposed as new members of the Bitcoin Foundation, there was an immediate uproar and demands for their resignations. A lot of stories about this reaction were later scrubbed from Google's search index. Brock refused to recuse himself. Days later, former Bitcoin Foundation member Patrick Alexander and 9 others resigned from the foundation. Alexander explained why this was an important moment for the foundation, and for Bitcoin:
The foundation members need to emulate very high moral values and ethics in business and in personal dealings, especially as it involves money. So far, the track record of prominent Bitcoin Foundation members has been abysmal. I no longer want to be associated with these people.
All this occurred shortly after the 2013 bull market and Mt Gox fiasco. You will not hear much talk about this story now, except in btc. It has been brushed under the rug. Frankly, this is part of the story of BTC's fall. , An Open Secret | Gabe Hoffman and Stefan Molyneux (new interview with the film's producer)
An Open Secret is an American documentary film directed by Amy J. Berg exposing child sexual abuse in the film industry in California. The film features interviews with victimized performers, who were targeted when they were young boys, as well as industry figures, the predators themselves, and journalists.
Alleged pedophile Brock Pierce's BLOCKCHAIN CAPITAL is part-owner of Bitcoin's biggest, private, fiat-funded private dev team (Blockstream) & biggest, private, fiat-funded private mining operation (BitFury). Both are pushing SegWit - with its "centrally planned blocksize" & "anyone-can-spend kludge"
Note: The following post was removed by the mods on btc. It is being re-posted here on bitcoin_uncensored. Summary
50% of SegWit hashpower is coming from a single private (non-pool) mining operation BitFury.
BitFury is also Bitcoin's largest private (non-pool) mining operation.
BitFury is fiat-funded - with $30 million from Credit China, and millions of dollars from alleged pedophile Brock Pierce's Blockchain Capital.
Miners should reject the fiat-funded, centrally-planned, dangerous and irresponsible SegWit soft fork hack - and instead use Bitcoin Unlimited, which supports market-based blocksizes via a clean, safe hard-fork upgrade.
Surpise: SegWit SF becomes more and more centralized - around half of all Segwit signals come from Bitfury ...
The Bitfury Attack Strategic full block lunacy: $30 Million injection for the restriction of the Bitcoin Blockchain by 'Credit China' via Bitfury Since 2 days Bitfury is mining 50% of all segwit blocks. The segwit centralization intensifies. Are AXA (via Blockstream) and Credit China (via BF) trying to prevent Satoshi's 'Peer-to-Peer Electronic Cash System' and preparing to become an offchain hub, or in other words: The Offchain Hub? Will it be possible for honest miners - Bitcoin miners - to win the battle against those fiat-rich offchain investors?
Who is "Credit China"? Why did they just give $30 million dollars to the biggest private miner BitFury? Why is BitFury AGAINST more-profitable market-based blocksizes via a clean upgrade (Unlimited) - and in FAVOR of a centrally-planned 1.7MB blocksize via a messy "anyone-can-spend" hack (SegWit)?
A fiat payment processor and a potential LN Hub. An electronic peer-to-peer cash system is the nightmare of those companies.
A fiat-rich private miner like BitFury might enjoy certain special liberties:
A fiat-rich private miner doesn't isn't as "hungry for" the higher price that Unlimited's market-based blocksize and cleaner code would probably bring - and can instead choose the lower price that SegWit's centrally-planned 1.7MB blocksize and messier code would probably bring.
A fiat-rich private miner like BitFury (ie, not a "pool") also doesn't need to worry about the preferences of individual miners pointing their hashpower at different pools.
The election of Pierce is not sitting well with the Foundation's members, due to accusations in Pierce's past of pedophilia, drug use and fraud. As a result, at least 10 members of the organization have resigned over the decision, according to a report from Reuters on Friday. At least some of those members have also taken to a Bitcoin Foundation forum to express why they are so unhappy with the direction that the Foundation is taking with this recent decision. "If the bitcoin foundation is to be taken seriously, they need to immediately remove Brock Pierce from the board and save face," one member wrote. "There are active lawsuits on corporate fraud and child porn. This is NOT the type of associations you want to have for Bitcoin, especially not with the MSM trying to pull every stunt in the book."
Some in Bitcoin group resign over new board member’s link to sex abuse Brock Pierce haunted by accusations dating to 1999. He says they're "not true." The Bitcoin Foundation, a trade group composed of hundreds of individuals and companies involved in the cryptocurrency’s promotion, has been hit with at least a dozen resignations in the wake of the election of a new controversial board member. Last Friday, American entrepreneur Brock Pierce was elected... Fifteen years ago, Pierce cofounded a Southern California startup called Digital Entertainment Network. Despite raising tens of millions in venture capital, that company eventually went under. Not long before the company was slated to have its initial public offering in 1999, Pierce and two other cofounders were named in two civil lawsuits alleging sexual abuse of underage boys. Pierce was never charged criminally. One of those cofounders, Marc Collins-Rector, is now a convicted sex offender, having pleaded guilty to related charges in two states. Pierce also did not respond to a 2013 civil lawsuit filed against him by UBS Bank for having run up an unpaid credit card bill of over $120,000. UBS won that lawsuit in November 2013 by default.
We must reject the centrally planned takeover of Bitcoin by private, fiat-funded companies like Blockstream and BitFury and shady characters like Brock Pierce - by rejecting their crippled SegWit code (which would force hard-coded centrally-planned blocksize of 1.7MB of everyone for years, and which involves a radical, irresponsible, irreversible hack making all transactions "anyone-can-spend").
25% of mining hashpower is already running better software: Bitcoin Unlimited, which supports market-based blocksizes now and in the future, and avoids the messy hacks and centralization of SegWit.
Why We Must Increase the Block Size and Why I Support Bitcoin Unlimited
"SegWit encumbers Bitcoin with irreversible technical debt. Miners should reject SWSF. SW is the most radical and irresponsible protocol upgrade Bitcoin has faced in its history. The scale of the code changes are far from trivial - nearly every part of the codebase is affected by SW" Jaqen Hash’ghar
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE?
Very nice of you to point out fraud at mtgox .. seems like the leaks might be correct, I'm sure a lot of people are glad you leaked it .. But now the bitcoin foundation resignation revelations? How close are your connections/sources to the whole game? Is there an end game in mind here? Whats your connection to Second Market? Whats your connection with JPM ? Why are you calling out btc-e now? Perhaps you are the wikileaks of bitcoin as some have said .. but I'm sure some are saying theres a hidden agenda here. I'm prepared to give anyone the benefit of doubt, hopefully you can answer some questions here. btw … i called this twobitidiot calls us fellow idiots coz of his latest post. http://two-bit-idiot.tumblr.com/post/78404559815/tbi-exclusive-more-resignations-coming-at-the-bitcoin
My letter of resignation from the Bitcoin Foundation, probably doesn't mean much on its own, but hopefully others will do the same.
Please consider this my letter of resignation from the Bitcoin Foundation. In light of recent events, it appears quite obvious that at least some of the principals in the Foundation are not acting towards the best interests of Bitcoin, which I view as a necessary requirement to be a part of a Foundation that claims to do just that. This resignation should in no way be taken as a vote against Gavin Andresen, who in my estimation has been one of the few members of the Foundation to have acted in a superbly professional manner, putting the interests of Bitcoin first. In fact, were a fund set up to cover Gavin’s fees, outside of the Foundation, I would support it wholeheartedly. As it is, I fear the shameful actions of some of the board members have set Bitcoin back, perhaps by years. Consequently, I cannot in good faith continue to be a member.
The CEO of MT.Gox, on of the largest Bitcoin exchanges, resigns from Bitcoin foundation. Tune it to see whether this is good news or not.
Ok, IT'S ACTUALLY GOOD NEWS. To provide a little background, anyone following Bitcoin has probably heard about the problems Mt.Gox has been having with their site. Several days ago they halted all transactions. Apparently there is a problem with their code, but Mt.Gox has blamed problems in the Bitcoin protocol. This has led to some pretty hilarious protests. Last night it was announced that the CEO of Mt.Gox is resigning from the Bitcoin foundation. Many suspect this is going to precede some bad news about Mt.Gox. It's 8:30am EST so that news might be coming soon. Anyway, let's see what Reddit's reaction to this is:
This is actually good news. I applaud Mark and the MtGox team for making the right decision as I had to do the same. Speaking very lengthy to Mark and the team over the weekend, I see good news on the horizon for people who have funds stuck in MtGox (I also have funds in MtGox stuck) - Charlie +161
Last night I saw this thread and I left it open to maybe write a CB post this morning. At the time, several of the top posts were people saying "this is actually good news!" sarcastically. I was wondering if /bitcoin was becoming a little self aware! Well, I guess not, the 2nd top post is a genuine "this is actually good news" post. What's also notable is that this post is from Charlie Shrem, who was recently arrested for being involved with Silk Road. He's also the "bitcoin gonna topple gubmits revolution is coming" types.
This is actually good news +61
In all seriousness, it is ... Remember: Bitcoin is a honey badger. This will not kill Bitcoin, it will make it stronger. The demise of poorly run institutions such as Gox will have a negative short term effect upon the economy, but such Darwinism will be good for us in the long term. +30
There's the sarcastic post I was talking about. What's notable is that the top reply to it is serious.
Once again, who had the bad news before the rest of us? Who knew to dump? +28
Inside trader worries are floating around. It's fun to watch Bitcoin invent financial regulation piece by piece, as they discover what each piece is for.
Thanks to everyone who signed the petition. Really pleased with the result today.
How will MtGox removing a few thousand "Dear Customer blah blah" tweets in any way whatsoever help their legal defence?
...Someone in that cluster fck of a company said to underlings "SHRED IT, SHRED IT ALL!!! AND DELETE ALL THOSE FCKING TWEETS!" Or something like that, we don't know. We do know, however, that the tweets are gone. And I can think of very very few legit reasons to issue that order. So yeah, it raises some eyebrows. It's not sensationalism, it's deductive reasoning. It might be wrong, but you can bet there is some reason we are not aware of that they did this.
le genius redditor using le deductive reasoning :o) I wonder if he considered that deleting tweets as an effort to get rid of evidence would be laughable, since it's pretty certain that twitter retains a copy that could be subpoenaed. Or, you know, since it's been publicly displayed it has certainly been archived elsewhere. And that plenty of users probably retweeted them...
Makes me think that they deleted the tweets to make it more difficult for anybody to mount a legal case against them when this shit hits the fan. By removing the public tweets, the only way to get them is by a court ordered request to twitter which takes time and resources. Time that Gox can use to build a defence or flee. This move was probably done on advice from a lawyer.
Bad law is all over this thread
They're absolute masters at market manipulation, just see the mad panic sells and buys every time Gox farts.
This is actually just an epic ruse to manipulate the market even further!
It'll be ok... unless you are so overexposed that short term price shocks can hurt you. (or if you had all your coins in MtGox... which is really silly). I feel like a war-torn veteran.
Since bitcoin is going to the moon in the longterm, this doesn't really matter.
Has anybody saved their tweets and public statements?
Just google the first few lines - the resulting link has no paywall. [Gilded]
Guess it cool to steal WSJ articles because they don't take magic internet money.
This is good news. Less duty in the foundation allows for focusing on Mt.Gox - like Roger Ver said.
This is actually bad news. MTGox withdrawing from the bitcoin community? -11
How is this bad news? All they have done is shit on the Bitcoin protocol for weeks, and I can't think of any good they have done. +6
LOL, Jesus Christ /bitcoin. Anyone that thinks a piece of bad news is actually bad news gets downvoted into the fucking dirt. POSITIVE INTERPRETATIONS OF BITCOIN NEWS ONLY! That's about it for now. Some big Mt.Gox news is sure to break soon. It's going to be catastrophic, so GOOD NEWS!
Vessenes, Matonis to resign from Bitcoin Foundation Board of Directors
I have learned that leadership changes are now imminent at the Bitcoin Foundation. Chairman Peter Vessenes and Executive Director Jon Matonis will be stepping down from their board seats prior to the scheduled end of their terms. Although an exact timetable for their resignations remains unclear, I believe these two seats will be filled during the already-planned special elections to replace founding board members Charlie Shrem and Mark Karpeles this April. It does not appear that Vessenes or Matonis are accused or suspected of any improprieties related to their relationship with Mark Karpeles and Mt. Gox. Instead, they seem to have both recognized the need for the Foundation to clean house in order to revitalize its image in the coming months. If this is the case, Vessenes and Matonis should be applauded for their services to Bitcoin to date and for their humble decision to help the industry overcome the serious damage that has been done with the failure of Mt. Gox. New professional leadership is needed to rebuild confidence and focus on the future. At this time, it remains unclear whether Matonis will also step down as the Foundation’s Executive Director, or remain committed to that role for the time being. This marks a watershed moment for the industry. Gox is dead. BTC-e remains a black hole. Four of the Bitcoin Foundation’s seven directors have or will soon resign their positions. Merchants and consumers are (and should be) skeptical of the consumer protections and financial and technical safeguards currently in place at cloud wallet companies, currency exchanges and other Bitcoin services providers. There are enormously talented individuals who will be vetted and nominated for the new board of directors in the weeks to come. I for one look forward to electing the next crop. After a horrific week, Bitcoin’s future is finally looking a little bit brighter. http://two-bit-idiot.tumblr.com/post/78404559815/tbi-exclusive-more-resignations-coming-at-the-bitcoin
As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy. Bitcoin Foundation hit by resignations over new director. By Joseph Menn. 5 Min Read . SAN FRANCISCO (Reuters) - As the most prominent trade group pushing adoption of the electronic currency ... The chief executive of Bitcoin exchange MtGox, Mark Karpeles, quits the board of the Bitcoin Foundation, which oversees and develops the currency's software. By Joseph Menn SAN FRANCISCO (Reuters) - As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled... When someone with his profile abruptly resigns from the Bitcoin Foundation, the organization tasked with developing both the code and the community, it’s hard not to wonder why. Yesterday, Antonopoulos posted the following message to his Twitter account: I can no longer have even the smallest association with the Bitcoin Foundation, because of the complete lack of transparency ...
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