Brock Pierce, the head of the Bitcoin Foundation, believes he represents the Bitcoin industry. A sizable number of Bitcoiners disagree.
One of the strange things about Bitcoin is that, because it is a decentralized network, lobbying for it in any “official” position is quite difficult. Bitcoin has no CEO, the network’s pseudonymous originator has been missing for a decade, and its users have no common goal.
Brock Pierce, the chairman of the Bitcoin Foundation and a former co-founder of Block.one, claims to have led a “official delegation of Bitcoin ambassadors” to El Salvador this week, which is interesting news.
Pierce carried the flag on behalf of hundreds of thousands of anonymous users, few of whom have declared him their representative, and planted it firmly in the Central American country, where President Nayib Bukele recently declared Bitcoin to be legal tender, on a trip organized by El Salvadoran Ambassador to the US, Milena Mayorga.
Pierce tweeted on June 16 that he was “very thrilled to lead this official delegation of Bitcoin ambassadors to El Salvador to educate the government on how Bitcoin, Blockchain, and technology can create a brighter future for everyone in their nation.”
Pierce stated that his travel was not the first “official” Bitcoin visit, but it was the first official visit to El Salvador since the Covid lockdowns began.
His usage of the word “official” caused a lot of backlash online. It alluded to “an official formal delegation of ecosystem members to meet with the administration of El Salvador,” according to Pierce.
Because the backlash didn’t go away, Pierce eventually apologized, calling it a “poor choice of words due to the reaction of people.” “We can all be evangelists, champions, and ambassadors,” he maintained.
Pierce enraged his Twitter followers even more today when he tweeted a photo of him and President Bukele on the first page of Noticia, a Spanish-language newspaper published in New York, coupled with a front-page report on his trip on page 8.
Pierce’s visit was covered by a local newspaper with the same name, La Noticia SV, but it was not the same as the one where Pierce claimed to have made front-page news. Pierce was unavailable for comment at the time of publication.
In the foyer of his hotel in El Salvador, Justin Newton, CEO of Nekti, who attended the meetings with Pierce, tweeted that he picked up a copy of a Noticia with Pierce on the front and the item in question on page 8 with the article in question.
Pierce’s election to the Bitcoin Foundation’s head in 2014 was not without controversy. Several members of the foundation quit in protest of his “past behavior that included drugs and sexual misconduct,” according to claims.
Before it went bankrupt in 2000, Pierce, a former child TV star, was the CEO of the Digital Entertainment Network. Pierce allegedly harassed employees at the video production company for sex when they were minors, according to employees.
Pierce has rejected these allegations; according to Reuters, two of the lawsuits were dismissed, while Pierce reportedly paid $21,000 to settle another.
Pierce ran for President of the United States in 2020. Unfortunately, he was defeated by Joe Biden, the “official” President of the United States.