THELOGICALINDIAN - The Bitcoin Foundation is in ataxia And it is cashstrapped acknowledgment to the barmy spending of its associates The black account has appear to ablaze from the afresh appear account of the Bitcoin Foundation Board Affair captivated on October 20 2024 The affair was abounding by Bruce Fenton Amy LoughranDolan Brock Pierce Jim Harper Bobby Lee and Olivier Janssens
The account alpha with Board of Director Brock Pierce adage that “it looks like we are abutting to active out of money.” Bruce Fenton, Executive Director at the Foundation, commented,
“Yes, we charge to do austere fundraising. There are not a lot of acquirement sources because the industry has anchored their belt a bit. We alone had two $1,000.00 sponsors for DevCore. We can’t do abundant added to cut expenses.”
The meeting’s account acknowledge that the acting controlling administrator Patrick Murck spent the abandoned bulk of $12,000 aloof for accessory a branch in London. Patrick is yet to altercate these costs with the foundation.
Bruce says that the above Chairman Peter Vessenes owed the Foundation $18,000, but his claims are countered by Peter’s assertions that the Foundation owes him instead a sum of $10,000 for biking expenses. Peter’s claims are so far undocumented and accordingly unverified.
We are not absolutely afraid with the revelations that the Bitcoin Foundation continues to bake banknote alike back there is little to no acquirement in sight. We had beforehand reported that the Foundation is crumbling money at the amount of $150,000 per month, and the above-mentioned stats affirm that there is no end to this madness.
There is no acumen why the Foundation should abide to accomplish while it fails miserably at breeding revenues and annoyance expenses. It has absent the aplomb of the Bitcoin association and continues to befoul its acceptability with such actions.
