Bitcoin: We’re Trying to Recover from Mess Peter Vessenes Made
Third Wave Blockchain is Coming. Peter Vessenes by Mark ...
Peter Vessenes - CoinLab Inc. - Chairman and Executive ...
Peter Vessenes - Founder and Chairman - New Alchemy LinkedIn
IAMaRequest: Jon Matonis and/or Peter Vessenes, Bitcoin Foundation
https://bitcoinfoundation.org Please visit their site so you can ask informed questions. bitcoin is an increasingly popular forum for things Bitcoin. Input from the Bitcoin Foundation would be informative and improve the bitcoin savvy. Questions: 1) What gives the Foundation legitimacy in the first place? How was it formed? What is the relationship of the Foundation to the protocol source code? 2) What is the decision making process around the Foundation in general and in code changes especially? How is transparency created? How are general community voices heard? 3) What regulations does the Foundation itself feel obliged to fulfill? 4) What is the design philosophy of code development, ie, strictly efficient value transfer, accommodation of markets/regulation, etc? What are the currently considered code changes? 5) Why, oh, why is Gavin attending the Council for Foreign Relations? This seems a bizarre and extreme conflict of interest, imo. what else, redditors?
States put heat on Bitcoin. (WSJ - 6/26 - article cut & Paste for w/o Subscription)
By ROBIN SIDEL and ANDREW R. JOHNSON State regulators are warning virtual-currency exchanges and other companies that deal with bitcoin that they could be closed down if their activities run afoul of state money-transmission laws, according to people familiar with the matter. According to people familiar with the situation, banking regulators in California, New York and Virginia in recent weeks have issued letters telling the companies that they need to follow the state rules or prove that the rules don't apply to them. The warnings fall short of formal "cease and desist" orders, which would demand that the companies immediately stop engaging in their business, these people said. Still, the moves show that state regulators have moved beyond merely scrutinizing virtual currencies and now are taking steps to prevent people and companies from using them for illegal activities. Federal regulators already are cracking down on virtual currencies. Similar actions are expected from other states in coming weeks and months, according to people familiar with the matter. California, New York and Virginia are three of the 48 states that require the companies to obtain money-transmission licenses to operate. South Carolina and Montana don't have such rules. The money-transmission rules vary among states, but most require detailed financial data, business strategy and information about the company's management. States also typically require companies to put up a bond that could run as high as several million dollars. Bits and Pieces Read about Bitcoin's evolution. The actions aren't related to the announcement last week that Mt. Gox, the largest bitcoin trading exchange, has halted withdrawals of customer funds in U.S. dollars. The Tokyo company said it was making system improvements. Unlike dollars or euros that are backed by a central bank, bitcoin users can create the units in a process called "mining." Users also can trade the currency on a number of exchanges or swap it privately. The state actions come three months after federal regulators issued guidelines placing virtual-currency exchanges under the same comprehensive anti-money-laundering requirements as traditional money-transmission businesses such as Western Union Co. Since then, a handful of bitcoin exchanges have registered with the U.S. Treasury Department's Financial Crimes Enforcement Network. The California Department of Financial Institutions has issued at least three warnings to bitcoin-related companies in recent weeks, according to people familiar with the actions. One of the recipients is the Bitcoin Foundation, an industry-backed group that promotes the digital cash. Patrick Murck, general counsel for the Bitcoin Foundation, said it is a nonprofit organization and doesn't engage in money transmission. The group is formulating its response to the letter it received from regulators last week. A spokeswoman for the California banking department declined to comment on the warning letters, saying the communications are confidential and "the goal is safety and soundness and compliance with the laws that DFI enforces." California is particularly important to the bitcoin community because many of the startup companies that are tied to the virtual currency are based there. California and New York are known for having stricter money-transmission laws than other states. Bloomberg News Bitcoin supporter Peter Vessenes "Bitcoin businesses are spending a lot of time and energy figuring out how to stay out of California," said Peter Vessenes, chief executive of CoinLab, a Bainbridge Island, Wash., company that has registered as a money-services business with the Financial Crimes Enforcement Network. CoinLab is waiting to launch any exchange-related services until it gets its "state licensing strategy sorted," said Mr. Vessenes, who also is chairman of the Bitcoin Foundation. The New York Department of Financial Services issued a similar letter to BitInstant, a New York company that allows customers to buy and sell bitcoins. The company earlier this month alerted customers on its website that it wasn't accepting cash deposits "as we make steps to transition to our new website." Charlie Shrem, chief executive of BitInstant, couldn't be reached for comment. The company has registered as a money-services business with federal regulators. "Virtual currency firms inhabit an evolving and sometimes murky corner of the financial world," Benjamin Lawsky, superintendent of New York's Department of Financial Services, said in an interview. "The extent and nature of their operations morph constantly, so it's important for regulators to ask the hard questions and stay ahead of the curve in order to root out dangerous or illegal activity," he said. In Virginia, a company called Tangible Cryptography suspended the purchase of the currency through its service called FastCash4Bitcoins after receiving a letter from state regulators who received a complaint that the company was operating as an unlicensed money transmitter, according to a notice on its website. Company representatives couldn't be reached for comment. Tangible Cryptography said on its website that its activity is exempt from licensing requirements and that the commission's initial assessment contained factual errors. "While we respond to the commission's notice, the prudent action is for the company to suspend all new transactions," the company said. A spokesman for the Virginia Bureau of Financial Institutions declined to comment on whether it has issued similar notices to other companies. Write to Robin Sidel at [email protected] and Andrew R. Johnson at [email protected] A version of this article appeared June 26, 2013, on page C1 in the U.S. edition of The Wall Street Journal, with the headline: States Put Heat on Bitcoin.
Open Letter to the Bitcoin Foundation: In Light Of Recent Events, Peter Vessenes' Position As Executive Director Is Surely Now Untenable
Dear Bitcoin Foundation, In light of the recent Coinlab vs. MtGox debacle, it is becoming increasingly clear that having a member of the BTC Foundation involved in such a sordid affair is both bad for bitcoin and the foundation, and I therefore request that the foundation seriously consider the implications this has for Peter Vessenes' position as a key member on the board. The fact that Mark was not even made aware of a pending lawsuit just goes to highlight the lack of trust and camaraderie between key board members and underscores the need for a serious (re)examination of personnel. It is, frankly, laughable that 1 of the 5 core board members is suing a fellow member in a matter that should have been dealt with behind closed doors; in a manner more befitting of men that are supposed to embody the core principles of bitcoin - a project whose ultimate goals are much greater than the pursuit of short-term profit margins, self-interest and petty intra-company bureaucracy. The foundation cites in its mission statement that they are committed to protecting bitcoin in an open and non-political environment. And yet the actions of Peter show a flagrant disregard for these principles. These decisions have neither helped protect bitcoin, nor were they open and non-political. It is clear that having the Coinlab CEO as an executive on the board does nothing but undermine the foundation, the bitcoin community and other members within the foundation who remain true to the original goals set forth. How can the community at large have any faith that these goals will be pursued in an open and transparent manner when members within the organisation are acting with impunity on behalf of special interest groups (such as the VC's that pull the strings at Coinlab)? Here is a quote from Peter you can find on the foundation website: "There’s a lot to love in Bitcoin-land, and a lot to be concerned about, too. There are botnet operators, hackers, and ponzi-scheme runners floating around our space. We occasionally hear threatening statements from government representatives that don’t seem to understand the law, much less how great Bitcoins are for the world." After this latest sordid affair, perhaps we should be adding "Legal threats from aggressive bitcoin start-ups" to the list of things to be concerned about. Regards, A Concerned Bitcoiner
IAM Peter Vessenes, Executive Director of the Bitcoin Foundation. AMAA!
I'll be answering questions about the Foundation starting at 10:30 am Pacific Time. I'm looking forward to talking about Bitcoins and the Foundation! Update 12:06pm Thanks guys, I enjoyed talking! I appreciated the time and questions and concerns. Those of you who are members will get more opportunities to discuss this amongst yourselves soon; and of course, the rest of the internet is open to everyone who has an opinion. :)
Peter Vessenes just destroyed the credibility of the Bitcoin Foundation.
Suing another board member of the foundation? Are you serious? I want my lifetime membership fee back. Peter looks like a complete idiot asking the court for $75 million...their primary contribution to the deal was bringing Silicon Valley Bank to the table. Coinlab died today and took a good part of the Bitcoin foundation with it. There is no doubt in my mind Peter's friends knew about this days in advance, and it's no coincidence we have seen a massive supply hit Gox in the last week. Good riddance, Bitcoin will bounce back.
Bitcoin mentioned around Reddit: Here is Peter Vessenes, the scumbag trying to pilfer $75 million from the MtGox victim's owed funds (even though he already got $5 million!), and holding up the distribution, promoting his crypto debi /r/mtgoxinsolvency
View Peter Vessenes’ profile on LinkedIn, the world's largest professional community. Peter has 2 jobs listed on their profile. See the complete profile on LinkedIn and discover Peter’s ... Peter Vessenes. I trace three major Blockchain waves of innovation: First is Bitcoin and the Bitcoin era: the Satoshi paper and Bitcoin core client launched what I believe is the future of banking ... Peter Vessenes Blockchain, Bitcoin, and Business. Scroll Down. Page 1 of 7 Older Posts → Hip-Hop + Blockchain = Disrupting the Music Biz. Earlier this year, I invested in a company called Heir Apparent, started by hip-hop artist Pusha-T and tech veteran Summer Watson. Both are humble and thoughtful. » Peter Vessenes on blockchain, entertainment, disruption, investments 16 July 2018 You Have ... About Peter. Peter Vessenes has deep roots in digital currency, tokenization, and blockchain technology. He founded CoinLab, the first venture-backed Bitcoin company, as well as the first company to deliver 65nm Bitcoin mining chips at scale. He also co-founded the Bitcoin Foundation, serving as its first executive director and chairman, and holds the fundamental patent for deanonymizing ... Peter Vessenes - Participant. Peter Vessenes is the co-founder of the Bitcoin Foundation, and served as its first Executive Director and Chairman. He launched the first Venture-backed Bitcoin Company in 2011: CoinLab, Inc. He has consulted for and advised numerous groups about the Bitcoin technology, including the Department of Treasury, FinCEN and the US Senate GAO. He has introduced Bitcoin ...
Peter Vessenes: The Cause Of MtGox 202k Bitcoin Payout Delay
Peter Vessenes, Founder & CEO, CoinLab & Chairman Bitcoin Foundation believes virtual currency is sustainable and here to stay. In this exclusive interview he also talks about opportunities for ... This video interviews Peter Vessenes of New Alchemy, Rahul Sood of Unikrn, Lawrence Lerner of Pithia, Justin Wu of CoinState, John Wantz of EVERY*, Anastasia Tavare of Coinme, and Jonathan ... 1) My Bitcoin Tip jar: 185By4a1Lt2HnKLAKR5EmidZMYgp5DDSaj 2) Peter's kick off speech at Bitcoin2013 conference in San Jose, California. May 17, 2013 aprox 8 or 9 pm. Peter Vessenes: The Cause Of MtGox 202k Bitcoin Payout Delay - Duration: 6 minutes, ... Record Drop, Bitcoin Stable TheBitcoinArmy subscribed to a channel 3 years ago Trevon James - Channel. 303 ... Steve Wozniak interview: Blockchain technology, AI, Crypto, Bitcoin BTC Halving 2020 Wozniak Foundation 10,289 watching Live now Mark Karpelès on the Collapse of Mt. Gox - Duration: 1:36:04.