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| October 18, 2018

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L.A. County office market notches another solid quarter amid sustained tech boom

October 17, 2018 |

The Los Angeles County office market notched another solid quarter for landlords as rents moved up and occupancy held steady.

Expanding technology companies such as shopping app Honey again led the way in the third quarter, real estate brokerage CBRE reported, part of a pattern of growth that has…


L.A. Times – Business

CNN

Another migrant caravan is heading to the US. Trump has already taken note.

October 16, 2018 |

A new migrant caravan is heading to the United States. And US President Donald Trump has already weighed in, threatening to cut foreign aid to Honduras if the group isn’t brought back to the Central American country.
CNN.com – RSS Channel – Regions – Americas

Another Spike in Cases of Mysterious Illness That Paralyzes Kids

October 16, 2018 |

There has been a spike in cases of the mysterious polio-like illness that mainly affects children, with a top federal health official announcing Tuesday that more than 120 confirmed or possible cases have been documented so far in 2018, the Washington Post reports. Most of the cases of acute flaccid…
Newser

Searches Intensify After Another Body Turns Up

October 13, 2018 |

Rescuers intensified efforts Saturday to find survivors who might be trapped amid the ruins of a small Florida Panhandle community nearly obliterated by Hurricane Michael, where one body has already been recovered, tempers are flaring, and power could be out for weeks, the AP reports. Crews with dogs went door-to-door…
Newser

Lampert Won’t Give Sears Another Lifeline

October 11, 2018 |

Edward Lampert, the hedge-fund manager who controls Sears Holdings, has repeatedly bailed out the struggling retailer with short-term loans. Now, he is cutting the cord.
WSJ.com: US Business

CNN

Another deadly earthquake in Haiti kills at least 12 people

October 7, 2018 |

The poorest country in the Western Hemisphere is still recovering from the 2010 earthquake that killed at least 220,000 people and 2016’s Hurricane Matthew that shredded parts of the country.
CNN.com – RSS Channel – Regions – Americas

CNN

India’s currency crashes to another record low

October 6, 2018 |

India’s currency resumed its headlong plunge on Friday, stoking concerns that the world’s fastest-growing major economy could be heading for a slowdown.
CNN.com – RSS Channel – World

Here We Go Again — Crypto-Community to Deal With Another Foundation

September 24, 2018 |

Here We Go Again — Crypto-Community to Deal With Another Foundation

This weekend a new organization was announced at Baltic Honey Badger bitcoin conference called the ‘B Foundation.’ At the event, Satoshi Labs co-founder Alena Vranova divulged the information of a new foundation that will have a mix of “charitable and commercial” efforts.

Also read: The Bitcoin Files Protocol Provides a BCH Secured File Storage System

The B Foundation: A Charitable and Commercial Effort

Here We Go Again — Crypto-Community to Deal With Another FoundationThis weekend cryptocurrency proponents were surprised to hear about a new association created in order to bolster bitcoin core (BTC) and lightning network (LN) adoption. The astonishment is due to the fact that many cryptocurrency enthusiasts believe foundations mix like oil and water within the ecosystem alongside the controversies tied to the original Bitcoin Foundation. Despite public opinion concerning foundations and bitcoin, a group of self-professed ‘crypto-thought leaders’ has formed a union called the ‘B Foundation.’ According to the event slides, the B Foundation members will include Jameson Lopp, Elizabeth Stark, Adam Back, Pavol Rusnak, Alena Vranova, Whale Panda, Alex Petrov, Francis Pouliot, and Giacomo Zucco.

Here We Go Again — Crypto-Community to Deal With Another Foundation
The B Foundation members will include Jameson Lopp, Elizabeth Stark, Adam Back, Pavol Rusnak, Alena Vranova, Whale Panda, Alex Petrov, Francis Pouliot, and Giacomo Zucco.

According to the announcement transcript, the main focus of the foundation will be dedicated to BTC and LN development. The foundation will solicit donations and also be both “charitable and commercial” in order to “match donors and projects.” According to the B Foundation’s Alena Vranova, the group’s governance will be base on a council of board members.      

“The B Foundation will be based in Liechtenstein because of the bitcoin support savvy government — The foundation will be mixed charitable and commercial,” explains Vranova’s transcript. “The governance will be based on a council (for legal), executive team (director, executive assistant, etc), and the board will be non-paid.”

The transcript continues:

I have to say that centralized efforts are much more effective — If you have an Ethereum Foundation with a marketing department and promotions and creates beautiful sleek-looking material and produces materials, it’s much more effective in the short-term.

Here We Go Again — Crypto-Community to Deal With Another Foundation
According to the Twitter crowd, for most people, this announcement triggers doubt and skepticism.

Ex-Bitcoin Foundation Member: ‘It’s Appalling to See Maximalists Defending a New Foundation’

Some people liked the idea of the B Foundation like the former Bitcoin Foundation director Bruce Fenton. “Congrats to The B Foundation, a new non-profit org Some great people with solid track records in Bitcoin,” Fenton explains on Twitter. Although, across forums and social media, a few cryptocurrency community members seemed skeptical about the idea of a foundation and especially one with people who are focused on extreme BTC maximalism.

“As an ex Bitcoin Foundation Board Member (remembering the horror), it’s appalling to see Maximalists defending a new Foundation,” explains Olivier Janssens on Twitter.

Janssens adds:

The only way is having competing projects for separate areas, like Coincenter. Giving one organization all those tasks = terrible idea.

Here We Go Again — Crypto-Community to Deal With Another Foundation
During the Baltic Honey Badger bitcoin conference, the B Foundation collected $ 850 USD worth of BTC.

Openbazaar’s Brian Hoffman: ‘Divisiveness Dressed up as Something Every Supporter of Bitcoin Should Support’

Openbazaar’s CEO Brian Hoffman detailed on Twitter that he is supportive of efforts to bolster cryptocurrency adoption, but believes an organization aimed at protecting the protocol is a bit contradictory.

“I’m supportive of efforts to educate and promote the use of Bitcoin or related tech, but the idea of having some kind of canonical organization that positions itself as the protector of the protocol is antithetical to the nature of Bitcoin itself — We the people protect Bitcoin,” Hoffman states.

When another bitcoin supporter told Hoffman he sees no threat with the new B Foundation, the Openbazaar founder responds by saying:  

I never said it was a threat — It’s an attempt to sow more divisiveness dressed up as something every supporter of Bitcoin should support.

Of course, the cryptocurrency community will just have to wait and see to find out what this foundation plans to do with donations. The organization has already been soliciting donations and gathered $ 850 USD worth of BTC on September 23. According to the B Foundation Twitter page, there will be more announcements concerning this group’s actions in the near future.  

What do you think about the idea of another bitcoin-based foundation? Do you like the idea of this new B Foundation or do you feel it adds more divisiveness? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, the B Foundation Twitter account, Twitter, and the theb.foundation website.  


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The post Here We Go Again — Crypto-Community to Deal With Another Foundation appeared first on Bitcoin News.

Bitcoin News

Dow Closes at Another Record High

September 22, 2018 |

Stocks are closing mixed on Wall Street even as the Dow Jones Industrial Average crept up to another all-time high, per the AP . The Dow rose 86 points to 26,743, thanks largely to big gains in Boeing and McDonald’s, while the S&P 500 index slipped 1 point to 2,…
Newser