Bitcoin Foundation loses members, as they are angry of new director

Bitcoin Foundation losing members as people quit because of the announcement of a controversial new director, Brock Pierce.

Published Fri, May 16 2014 9:22 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

The recent announcement of Brock Pierce, a former Disney child star and bitcoin supporter, as new Bitcoin Foundation director has angered some within the organization - and at least 10 members of the Foundation have resigned due to the announcement. Pierce was accused of giving drugs and pressuring minors for sex during his reign as leader of the Digital Entertainment Network, a company that later went bankrupt.

Bitcoin Foundation loses members, as they are angry of new director | TweakTown.com

"The track record of prominent Bitcoin Foundation members has been abysmal," said Patrick Alexander, one of the Foundation members resigning. "I no longer want to be associated with these people."

Although bitcoin is receiving mainstream publicity, it has proven to be a difficult journey to reach this point. The downfall of Mt. Gox and a well-known bitcoin executive getting busted in a Silk Road money laundering scheme certainly didn't help - but the sky is still the limit for the volatile cryptocurrency.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles