Vancouver, BC, June 27, 2014 - Although most of us have heard the term "Bitcoin", few of us really know what a Bitcoin is, and how to use Bitcoin in our daily lives. Because of this lack of knowledge, fewer than 5 million people worldwide use Bitcoin for everyday purchases. The decentralized and diverse nature of Bitcoin interests and core constituents makes large-scale, focused communications and public relations an overwhelming challenge for the bitcoin community.
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Individual business entities or interest groups are either unable or reluctant to financially support any significant, wide-spread educational program since they will not be the sole, direct beneficiaries of such efforts, as the benefits will accrue to competitors and the whole Bitcoin ecosystem.
Payment processors such as Visa, Mastercard, American Express and other financial institutions have been selling the benefits of their products for decades.
One non-profit organization has stepped up to take on the challenge. yesbitcoin has been launched as the world`s first global non-profit organization committed to demystifying the Bitcoin economy and increasing understanding, acceptance and use of Bitcoin. The yesbitcoin mission is to immediately become the solution to the problem of decentralized interest and lack of focused, strategic advocacy.
Perianne Boring, of the Boring Bitcoin Report recently stated, "Because Bitcoin is a decentralized technology, marketing and communications for bitcoin are essentially a `tragedy of the commons` economic issue. Doing this type of work though a non-profit might be the best industry solution."
US Senator, Branden Petersen is the founding Executive Director and Chairman of the Board of yesbitcoin. He also serves on the Financial Standards Working Group at The Bitcoin Foundation, whose three primary objectives are to standardize, protect, and promote bitcoin.
Branden Petersen stated, "For the industry to take its communications to the mass marketplace, Bitcoin companies will be faced with a decision; either pay for the work of education yourself or collaborate with the community of Bitcoin interests. yesbitcoin provides a conduit for the latter."
Donations can be made at www.coinbase.com/yesbitcoin.
For more information please visit www.yesbitcoin.org, contact Branden Petersen at 763-227-5444 or email
branden@yesbitcoin.org.