Bitcoin Foundation to Announce Winners of Board Elections

The Bitcoin Foundation has begun the second round of voting for the new members of its Board of Directors.

Image: Alan Cleaver/Flickr

Image: Alan Cleaver/Flickr

The Bitcoin Foundation has started the second round of voting to fill two vacant Board of Directors positions. The voting will feature three election candidates who got a majority of votes in the first round.

The Bitcoin Foundation has been short two members since Mt. Gox CEO Mark Karpeles and BitInstant CEO Charlie Shrem were suddenly resignated earlier this year.

After the first round of voting nobody was elected as candidates couldn’t gain the minimum vote threshold required to join the board.

Earlier, Brian Goss pointed out that one potential outcome was that no candidate would exceed the threshold.

The second round was opened at 9am on May 6th and will continue until 11.59pm on May 8th.

Brian Goss, the chairman of the Bitcoin Foundation election committee, said that two winners are expected to be announced on Friday.

The three candidates who obtained the most votes in the first round of voting were Vinny Lingham, Gyft co-founder and CEO, Bobby Lee, a founder of BTC China, and technology entrepreneur Brock Pierce.

After the first round of voting Bobby Lee gained the largest number of votes with 44 votes. Vinny Lingham got 21 votes, while Brock Pierce received 34 ones.

While the winners are still unknown, what is certain is that the new members will join the Bitcoin Foundation at its hard times. The Foundation was affected by bad publicity after resignations of both Karpeles and Shrem.

The winners will be tasked with improving the foundation’s position and providing its expansion abroad.

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