Olivier Janssens Claims Foundation is Dead After being Forcibly Removed

Barely a week after we reported that the Bitcoin Foundation is facing a severe cash crunch, the organization has “forcibly removed” member Olivier Janssens as he opposed the idea of further fundraising without a plan in place.

The announcement was made by Olivier himself on popular social platform Reddit. He shared the entire sequence of circumstances which led to his removal.

He said that a discussion on the future of the Foundation soon turned ugly when someone (unnamed) started a vote on shutting down the organization. Well, that should have been done as the Foundation is only left with a couple of bitcoins. According to Olivier, he expressed that he is not comfortable continuing the Foundation without a proper plan and direction in place. Jim Harper and Olivier have been asking for a plan and direction for several months now, he said. They lost the vote 2-3.

After the unsuccessful vote, Jim resigned. Then they decided that everyone should start raising money in order to come up with a plan; Olivier said that fundraising should be done only after a plan is in place.

Offended by his logic, the members voted to drop him off the board.

Olivier concluded the message thanking everyone

Read more ... source: NewsBTC USA