Recent weeks saw yet another scandal connected with the Bitcoin Foundation. Factom founder Peter Kirby and CTO of CoinFox Nikolay Kolesnikov think that the scandals around Foundation will not affect the development of bitcoin technology.
As CoinFox reported earlier, Bitcoin Foundation board member Olivier Jannsens claims that the Foundation is close to bankruptcy. The Bitcoin Foundation dismissed his statement, while MIT Media Lab head Joe Ito suggested creating a new community group as an alternative to the Foundation.
Some people in the community are worried about the future development of the Bitcoin Core, which at present is run by the Bitcoin Foundation. CoinFox asked two managers – Factom founder Peter Kirby and CoinFox’s CTO Nikolay Kolesnikov – about the future of the Bitcoin Foundation and separate blockchains that may be developed by independent groups.
Bitcoin Core development
Both Kirby and Kolesnikov agree that the future of bitcoin depends on the development of the Bitcoin Core. Peter Kirby believes that the development of this technology will continue:
Nikolay Kolesnikov has a similar view of the bitcoin core and believes in the future of the Bitcoin Foundation as an organization if not necessarily a factor in regulation:
Bitcoin Core versus separate blockchains?
CoinFox asked both managers whether they believe in the development of “independent blockchains” by groups that do not depend on the Bitcoin Foundation. Peter Kirby says that he firmly believes in independent blockchains:
Nikolay Kolesnikov thinks that should the Bitcoin Foundation collapse, it would not mean the end of bitcoin:
CoinFox’s CTO, however, does not agree with Peter Kirby on the development of separate blockchains:
CoinFox is a bitcoin news project based in Estonia that joins the creative powers of a multinational group of enthusiasts with the expertise and skills of experienced professionals working in the European market. Currently, the CoinFox team is developing a mobile app that will allow users to trade and carry out other operations with bitcoins. The beta release is planned for the second quarter of 2015.
Factom is a data layer built on the bitcoin blockchain to record and securely store data using the blockchain technology. It can be used for financial record-keeping by businesses and for a wide range of other purposes like medical records, voting systems, property titles, and legal applications. The beta release of the Factom network is planned for the second quarter of 2015.