Gavin Andresen - 2011-10-25 20:13:25

Bitcoin is revolutionary because it is decentralized, with no single point of control or failure.

However, over the last six months or so it has become obvious to me that the rest of the world isn't set up to interact with a radically decentralized system like Bitcoin, and I think forming a not-for-profit organization will be a positive step towards Bitcoin's long-term success.

I'm posting this to see if there is a consensus on what a Bitcoin Foundation should be.

To get the conversation started, here are some functions I think a Bitcoin Foundation could perform:


Other not-for-profit organizations that could be emulated:


Are there others that work well, or are there examples of what NOT to do? Assuming there is rough consensus that a Bitcoin Foundation is a good idea, I would like to get something imperfect up and running quickly, with the expectation that it will evolve over time.