Crowdsale and High Drama at Bitnation

Bitnation is a Governance 2.0 platform powered by distributed blockchain technology. Bitnation aims to provide the same services provided by…

Bitnation is a Governance 2.0 platform powered by distributed blockchain technology. Bitnation aims to provide the same services provided by traditional governments, but in a geographically unbound, decentralized, and voluntary way. The Bitnation crowdsale of the XBNX altcoin, the traded equity stake in the foundation of Bitnation, started today.

At the same time, the three most senior members of the Bitnation team (save for the CEO) left Bitnation with an open resignation letter.

CNN reached out to the parties involved to find out what happened and why.

Bitnation CEO Susanne Tarkowski Tempelhof says:

"Bitnation is a toolbox for DIY Governance. It's a collaborative platform, that's entirely plug and play, meaning people can create and upload their own Governance DApps. Or they can use Bitnations DApps. We want to promote self-governance and freedom around the world, and this is the best way to do it, as far as we're concerned."

Former Chief Communications Officer Nathan Wosnack says:

"The idea of Bitnation as a concept always impressed me. A solution for a new way of governance, and I respected Susanne's experience and understanding in this regard."

Former Advisor David Mondrus and his wife Joyce become the first couple to use the Bitcoin block chain itself to register their marriage, on Oct. 5 at the Bitnation panel at the Disney World Coins in the Kingdom Bitcoin Conference. Mondrus says:

"I envisioned Bitnation as the first virtual nation. We are all currently constrained by the place we're born, but the internet and Facebook allow us to create 'virtual' nations where we associate with people of like mind."

So far, so good. What happened then?

Governance 2.0 or Governance 1.0?

Apparently there have been heated arguments and strong words about whether Bitnation should comply with the traditional practices, rules and regulations of the mainstream world, or leave all that behind and focus on the new ways of Governance 2.0.

Also read: Bitcoin Governance 2.0: Let’s Block-Chain Them

"After a short period of time it became apparent Bitnation was disorganized, and lacking a serious foundational structure," says Wosnack. "A lack of network security, poor vetting of volunteers and staff, no business plan in place post-launch, no contracts with staff, no corporate structure."

"Many people, including some people who are well recognized in the industry advised [Tarkowski Tempelhof] to postpone [the crowdsale] for a week, to incorporate, to do the whole thing in a different way," adds Mondrus. "We did our best to help her postpone it to do the business plan right, to do the financials properly, but she would have no part of that."

Tarkowski Tempelhof replies:

"If people leave a Governance 2.0 startup, where one of the things we promote is corporate incorporation on the blockchain, and they leave because of the "lack of incorporation" clearly they understood nothing of the company to start with, and are just make belief 'libertarians.' I stand with the strong belief that everything [that governments do], can be done on the blockchain. If others are not part of that belief, they should not be a part of Bitnation."

"I'm taking the lead from Bitcoin. Bitcoin didn't ask for permission. When it reached a point of critical mass adaption, governments just had to acknowledge its existence, for better or for worse. I was a contractor for many years, and believed in changing thing from the inside. When I saw how corrupt the system was, and inefficient, and at the same time discovered what Bitcoin did without asking permission from anyone, I concluded that was the way to go ahead."

My impression is that the three persons mentioned are deeply persuaded of, and passionately believe in, the potential of Bitcoin Governance 2.0, based on the decentralized and distributed blockchain, to complement and gradually replace traditional forms of governance. All three have valid arguments, visionary on one side and pragmatic on the other. It's then saddening to see how the arguments escalated to become mutual accusations of totalitarianism, personality cult, bipolar behavior, drug addiction and whatnot. Of course, I conducted this interview over two separate channels, one with Tarkowski Tempelhof and another with Mondrus and Wosnack. I hope to chat friendly with all three together someday, but I don't think that can happen soon.

[divider]CCN[/divider]

What do you think? Comment below!

Images from Bitnation.

Share
Tags: Bitnation
Giulio Prisco @giulioprisco

Science writer, software developer, Bitcoin/crypto enthusiast.

Show comments

News Tip?

tips (at) ccn.com