Facing Bankruptcy, Bitcoin Foundation Discloses Controversial Restructuring Proposal

By April 8, 2015Bitcoin Business

According to a month-old  internal document originally drafted by the management team of the Bitcoin Foundation and which has now been openly published, the foundation is considering splitting into two separate organizations.

One of these organizations would effectively be the continuation of the current foundation, but reorganized as a promotional body. The other would be a made up of the core development team, split off to focus exclusively on development of the core protocol — […]

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