Jon Matonis resigns as Executive Director of the Bitcoin Foundation

Jon Matonis has resigned as Executive Director of the Bitcoin Foundation. He announced his resignation with a tweet half an hour ago:

“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.”

Also read: Bitcoin Foundation Announces Next Chapter of Leadership

Matonis is an e-Money researcher and former Executive Director of the Bitcoin Foundation. His career has included senior influential posts at Sumitomo Bank, VISA, VeriSign, and Hushmail. He earned his B.A. in Economics at George Washington University in 1985. He also studied Economics and Computer Software Engineering at the University of Maryland, College Park.

To Standardize, Protect and Promote the Use of Bitcoin

The Bitcoin Foundation is an American lobbying group headquartered in Seattle, Washington. It was founded in September 2012 with the stated mission to “standardize, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide.” The organization was modeled on the Linux Foundation and is funded mainly through grants made by for-profit companies that depend on the Bitcoin technology.

The brief history of the Bitcoin Foundation includes controversial episodes and mass resignations.

In his first official post as Executive Director of the Bitcoin Foundation in July 2013, Matonis said:

“I am proud to have been associated with the Bitcoin Foundation since its launch just nine short months ago. A nonprofit organization for Bitcoin can add greatly to the political and economic discourse for cryptographic money and monetary freedom. As Executive Director, I welcome the new challenge.”

“Future generations will not be very forgiving if the Foundation fails in its mission to standardize and protect Bitcoin worldwide.”

What do you think about Matonis’ resignation? Comment below!

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Last modified: June 10, 2020 12:59 PM UTC

October 30, 2014 6:16 PM UTC
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Giulio Prisco @giulioprisco

Writer specialized in futurism, science, technology business.