Bitcoin Foundation
The Bitcoin Foundation is a nonprofit institution that supports the development and adoption of Bitcoin. Founded in 2012, the foundation is the longest established Bitcoin advocacy organization in the world. The Bitcoin Foundation was launched to make Bitcoin standards, protect the Bitcoin network and promote the use of Bitcoin for a larger audience. The foundation also coordinates the efforts of the members in the Bitcoin community, helping to create awareness of the benefits of Bitcoin, how to use it and its related technology requirements, for technologists, regulators, the media and everyone globally.
ABOUT THE FOUNDATION
The Bitcoin Foundation engages governments around the world in open dialogs regarding the benefits of Bitcoin.
The foundation aims to positively impact global regulatory policy and legislation around Bitcoin by interfacing with governments and their leaders and officials.
The foundation assists to provide information for pro-Bitcoin legislation and actively advocates for the prevention of negative regulation.
CONTROVERSIES & DECLINE
The Bitcoin Foundation has faced several controversies over the years, including struggles with financial mismanagement accusations and near bankruptcy.
Some in the Bitcoin community distanced themselves from the Foundation, criticizing it for being too centralized or ineffective.
As of recent years, the Bitcoin Foundation is largely inactive and no longer central to Bitcoin development or governance.