Brock Pierce Elected Bitcoin Foundation Board Chairman

brock pierceVenture capitalist Brock Pierce has been named chairman of the board of directors at the Bitcoin Foundation, the digital currency’s oldest trade organisation.

Pierce was elected to the position by a 3-0 vote Tuesday, with board member Olivier Janssens abstaining. The 34-year-old was nominated by board member and BTC China CEO Bobby Lee, with whom Pierce was elected to the foundation in May of 2014.

In interview, Pierce indicated that his role will now be to work with newly appointed executive director Bruce Fenton as he shapes the nonprofit’s 2015 strategy and works to create consensus on how the Bitcoin Foundation can move forward on rebuilding its image.

Pierce told CoinDesk:

“A lot of us believe in the foundation and we believe it can be effective at advocating on behalf of the industry. Some people might say there are aspects that are broken. I say it’s a lot harder to be part of the solution than the problem, that’s why I ran for the board.”

The election follows weeks of heated debate about the future of the organisation among its board members, its membership body and the wider digital currency community.

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Read more ... source: CoinDesk