The Bitcoin Foundation has now received a new head. The organization founded with the intention of promoting the use of bitcoin around the world has now appointed the Cape Town-based venture capitalist Llew Claasen as the executive director.
Llew Claasen will be replacing the outgoing executive director, Bruce Fenton who recently reminded the board of Bitcoin Foundation that his term is coming to an end. Llew Claasen was probably chosen for his connections with Vinny Lingham who is also from South Africa and an existing board member of the Bitcoin Foundation.
Llew Claasen and Vinny Lingham have already worked together as partners at a local investment firm called Newtown Partners. Given the earlier partnership and apparent conflict of interest, Vinny Lingham is said to have recused himself from the board vote.
With Llew Claasen being voted as the next executive director of Bitcoin Foundation, he will be taking charge on July 1. The Bitcoin Foundation has already received a bad name for not living up to the expectations. The foundation has lately been plagued by mismanagement and there aren’t much hopes left about its revival anytime soon.
However, it is up to Llew Claasen to show his determination and willingness to bring changes to the Bitcoin Foundation and restore its former glory.
Claasen was quoted by a magazine saying –
“I’ll be working with our Board, the developers, customers, and other ecosystem players over the next few weeks to put together a plan that enables us to increase the adoption of Bitcoin worldwide,”
Let’s hope he will be able to keep his word and live up to the expectations by making Bitcoin Foundation a leading digital currency advocacy group yet again.