Dorsey And Jay-Z’s Blind Trust To Fund Bitcoin Development Reveals Board Members

The 500 BTC blind trust announced its board of directors. Back in February, Jack Dorsey and Jay-Z created the ₿trust with a clear mission. To “make bitcoin the internet’s currency.” The four individuals in charge of making that happen are now public knowledge. Three of them are from Nigeria, a country whose Central Bank prohibited banks to process Bitcoin and other cryptocurrencies transactions. And is now one of the world’s leading P2P Bitcoin markets. Related Reading | Spiral BTC Releases Lightning Development Kit. Jack Dorsey’s Puppet Promotes It Bitcoin’s price was roughly $47K on February 12th. That day, Dorsey announced the blind trust via Twitter, “Jay-Z and I are giving 500 BTC to a new endowment named ₿trust to fund Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable trust, taking zero direction from us.” It’s interesting that the blind trust uses Bitcoin as the unit of account. Who knows how much those 500 BTC might be worth in the future? JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start: https://t.co/L4mRBryMJe — jack⚡️ (@jack) February 12, 2021 In any case, Dorsey’s call for board directors received more than 7000 applicants. The Blind...