Bitcoin is weathering changing fortunes better than the foundation set-up to promote it. Photo: Chris Ratcliffe
Bruce Fenton, executive director at the Bitcoin Foundation, opened its December 15 board meeting with a sense of urgency.
“We need additional funds if we wish to retain employees.”
The numbers didn’t look good. In two years, the foundation had seen at least $US7 million evaporate. As of November 30, its total assets stood at $US12,553.06.
To sustain the Bitcoin Foundation’s operations, which have