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Bitcoin's Latest Controversey: A Former Disney Child Star's Ascent At Bitcoin Foundation Prompts Resignations

By International Business Times  |  Forex  |  May 16, 2014 11:44AM GMT  |   Add a Comment
 
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By Greg Morcroft - The controversy and chaos that seems to shadow Bitcoin (BTC-eUSD) continued this week as several members of the virtual currency's biggest advocacy group, Bitcoin Foundation, resigned during its annual meeting to protest a new director's election.

Bitcoin's Latest Controversey: A Former Disney Child Star's Ascent At Bitcoin Foundation Prompts ResignationsA Former Disney Child Star's Ascent At Bitcoin Foundation Prompts Resignations

According to various reports the members resigned because they were unhappy with Brock Pierce, a controversial actor and former Disney child star that the foundation appointed as a director.

© Goldman Sachs. The Rise Of Bitcoin

According to a Reuters report some of the people who resigned expressed concern with Pierce's past history, which the new organization said included allegations in past lawsuits that he provided drugs and alcohol to minors and pressured them for sex.

However the report also quoted Pierce's response to those allegations by telling Reuters in an email, "The allegations against me are not true, and I have never had intimate or sexual contact with any of the people who made those allegations." 

One of the members who resigned, Patrick Alexander, posted a comment on a discussion page for Bitcoin Foundation.

""This is not the direction this foundation needs to take. The foundation members need to emulate very high moral values and ethics in business and in personal dealings, especially as it involves money. So far, the track record of prominent Bitcoin Foundation members has been abysmal. I know that most foundation members are probably swell people and are not like this. However, the acts of a few, have overshadowed us all unfortunately. I no longer want to be associated with these people," Alexander wrote.

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