Jon Matonis resigns from Bitcoin Foundation, general counsel Patrick Murck takes over
Jon Matonis has announced his resignation from Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Foundation as its Executive Director, and plans on stepping down from its board of directors at the end of his term on December 31.
The time has come for me to resign as Executive Director of the Bitcoin Foundation. Thank you for all of your passionate support! More soon.
— Jon Matonis (@jonmatonis) October 30, 2014
He had served in the position since July 2013. He indicated that he looks forward to "advancing Bitcoin and contributing to the community through the private sector" in the future.
During his tenure, Matonis led the Foundation's international expansion and spearheaded efforts to standardize Bitcoin technology. However, the Foundation did experience its fair share of controversy, such as during the appointment of controversial board members and the resignations of others.
Well-wishers have taken to social media forums to express their appreciation for Matonis' contributions. Charlie Shrem tweeted:
You are a gentleman @jonmatonis. Commitment to principles and #Bitcoin values are commendable. Proud to have served with you. @BTCFoundation — Charlie Shrem (@CharlieShrem) October 30, 2014
Shrem resigned from the Foundation this year, shortly after his arrest on charges related to Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund and operating an unlicensed money transmitting business.
Replacing Matonis is the Foundation's former general counsel Patrick Murck. Matonis' board seat will be filled through elections during January 2015.
Jon Matonis has announced his resignation from Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Foundation as its Executive Director, and plans on stepping down from its board of directors at the end of his term on December 31.
The time has come for me to resign as Executive Director of the Bitcoin Foundation. Thank you for all of your passionate support! More soon.
— Jon Matonis (@jonmatonis) October 30, 2014
He had served in the position since July 2013. He indicated that he looks forward to "advancing Bitcoin and contributing to the community through the private sector" in the future.
During his tenure, Matonis led the Foundation's international expansion and spearheaded efforts to standardize Bitcoin technology. However, the Foundation did experience its fair share of controversy, such as during the appointment of controversial board members and the resignations of others.
Well-wishers have taken to social media forums to express their appreciation for Matonis' contributions. Charlie Shrem tweeted:
You are a gentleman @jonmatonis. Commitment to principles and #Bitcoin values are commendable. Proud to have served with you. @BTCFoundation — Charlie Shrem (@CharlieShrem) October 30, 2014
Shrem resigned from the Foundation this year, shortly after his arrest on charges related to Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund and operating an unlicensed money transmitting business.
Replacing Matonis is the Foundation's former general counsel Patrick Murck. Matonis' board seat will be filled through elections during January 2015.