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Growing pains are to be expected with an emerging technology/eco-system like Bitcoin. It would be interesting to have sight of the Foundation's accounts, to se
by jackgavigan 12y ago
Growing pains are to be expected with an emerging technology/eco-system like Bitcoin.
It would be interesting to have sight of the Foundation's accounts, to see what they have been spending the money on.
- joshftw 12y agoJust checked. They have no published accounts as the Ltd is so young. In exactly 5 months they will have to publish accounts (in the UK at least under company number 08802555). No doubt they will have internal accounts which would be nice to see but they will be over by then. My credit reporting software gives them a 'moderate' risk of failure.
- jackgavigan 12y agoThe UK limited company is merely a subsidiary of the US entity, which is "a District of Columbia non-profit corporation", according to the byelaws: https://github.com/pmlaw/The-Bitcoin-Foundation-Legal-Repo/blob/master/Bylaws/Bylaws_of_The_Bitcoin_Foundation.md https://github.com/pmlaw/The-Bitcoin-Foundation-Legal-Repo/b... I doubt that much, if any, money passed through the UK limited company. Hence its company accounts are unlikely to be informative.
- vessenes 12y agoBiggest losses came from Bitcoin prices dropping. As to non-investment expenses, it was largely staffing. Bitcoin2014 was a money loser as well, if I recall.