Bitcoin Foundation Vote Yields No New Board Members

(@pete_rizzo_) | Published on May 1, 2014 at 23:50 GMT

A vote to fill two vacant seats on the Bitcoin Foundation's Board of Directors has ended with no candidate garnering enough votes to secure a position.

Candidates needed at least 52 votes to be elected to a seat, however, no-one passed this voting threshold, election results show.

However, despite no candidates being elected, clear favorites for the positions did emerge.

BTC China CEO Bobby Lee received 44 votes, while venture capital Brock Pierce and Gyft CEO Vinny Lingham finished second and third in the voting, capturing 34 and 21 votes respectively.

The foundation will now hold a run-off election featuring only these three candidates.

The Bitcoin Foundation had earlier reported that 75% of its industry members had voted in the initial round, and that 102 out of the possible 137 ballots had been submitted by eligible voters.

Fifteen candidates were nominated for position, including Huobi CEO and founder Leon Li and BitcoinBlackFriday organiser Jon Holmquist, among others. All candidates received at least one vote.

Election committee chair Brian Goss indicated that details on a planned second round of voting would be released next week.

For more on how the Bitcoin Foundation's bylaws enabled this result, read our full report.

Confusion visualization via Shutterstock

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