Alternative Finances

Bitcoin Board Welcomes Two New Members

The Bitcoin Foundation has announced the winners of its recent elections to fill two board seats. BTC China CEO Bobby Lee and venture capitalist Brock Pierce both came out in top in the second round of voting among the the organization’s industry members.

The voting was particularly close with Lee taking the high tally at 79 percent of the second round ballots. Pierce just narrowly edged out CEO of mobile gift card provider Gyft, Vinny Lingham with 65 percent of the votes to Lingham's 63 percent.

Lee and Pierce replace founding board members former BitInstant CEO Charlie Shrem and Mt. Gox CEO Mark Karpeles. Shrem was indicted in New York last month in connection to alleged money laundering, while Karpeles faces likely criminal prosecution in the United States should he ever set foot on American soil again for a variety of financial irregularities connected with the fall of Mt. Gox, once the world's largest and most successful bitcoin exchange.

Lee and Pierce will join the five existing board members for a new total of seven board seats starting June 1, 2014.

Will Lee and Pierce help the Bitcoin Foundation exert any influence to the direction of the open source bitcoin protocol? David Evans explores this very question in this week's Digital Currency Deep Dive. 

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