Minutes of The Bitcoin Foundation Board Meeting held on March 20, 2017

Present:

Llew Claasen (Executive Director)

Brock Pierce (Chairman)

Bruce Fenton

Vinny Lingham

Elizabeth McCauley

Michael Perklin

Francis Pouliot

Absent:

Bobby Lee

Approval of the agenda

The agenda for the meeting was approved by the Board.

Approval of the minutes

The minutes of the meeting held on February 28, 2017 were approved by all present.

February 2017 operational & financial update

Revenue from any sources included a $1,000 donation from Matt Roszaq/Tally Capital and no new membership revenue.

The Foundation had $3,670 in USD and BTC at the end of February 2017. Operating expenses were $840 (predominantly financial controller expenses during handover).

Foundation’s role in Bitcoin IP protection

Llew mentioned that he had a follow-on call with Jim Zemlin from the Linux Foundation about the Bitcoin IP initiative. Jim suggested that we need to bring on board attorneys to assist with a legal opinion on how best to proceed and that the Linux Foundation was unable to assist with providing this legal advice. Brock suggested that Llew reach out to Marco Santori to see if he can assist. Llew and Brock should also engage with Patrick Murck, who is ex-foundation and currently leading a blockchain IP initiative at the Chamber of Digital Commerce.

Foundation role in scaling impasse

The board agreed to engage with role players in Core to see how we might be able to lend support for the activation of SegWit, culminating in a press release.

Bitcoin training certification

The training materials from Blockchain Training Academy have not yet been sent to Michael Perklin to review.

Support for Theo Chino vs BitLicense matter

The board agreed to provide support to Theo Chino’s matter against the New York Department of Financial Services relating to BitLicense, especially raising the profile of the case and to assist Theo with fundraising for his legal fees.

Foundation short-term funding

Brock, Vinny and Llew agreed to get onto a call to discuss short-term funding requirements of the foundation and how to close the gap.

Any other matters

There being no further matters to discuss, the meeting was adjourned.

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03.20.17 Minutes of Regular Meeting of the Board of Directors of The Bitcoin Foundation