UPDATED (10th February 2015, 3:30am GMT): Updated with comment from project manager Sarah Blincoe. <\/p>\n<\/p>\n
An event expected to involve the distribution of bitcoin to 70,000 residents of Dominica has been canceled. <\/p>\n
Originally scheduled for 14th March, The Bit Drop was billed as an island-wide party that would include free giveaways and educational booths, alongside more eclectic fare such as fire dancing and musical acts. <\/p>\n
The decision was confirmed by The Bit Drop Organising Committee, which cited country-specific logistical decisions as the reason for the cancellation. <\/p>\n
A spokesperson indicated that the project is currently seeking to uncover ways it could move forward on its planned initiative, stating: <\/p>\n
We are still passionate about bringing Let The Bit Drop to fruition and hope that we will be able to re-instate this pioneering project in the future. <\/p>\n
The event was a joint venture between wealth management company Aspen Assurance, womens bitcoin interest group Bitcoin Beauties, bitcoin services provider Coinapult and the College Cryptocurrency Network. <\/p>\n
Speaking to CoinDesk, members of the Coinapult team expressed their regret about the decision given the year-and-a-half of effort from the organising parties. <\/p>\n
CEO Ira Miller explained that negotiations for the event broke down whenits hosts in the Dominica did not provide promised support. <\/p>\n
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Plan to Distribute Bitcoin in Dominica Shelved<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" UPDATED (10th February 2015, 3:30am GMT): Updated with comment from project manager Sarah Blincoe. An event expected to involve the distribution of bitcoin to 70,000 residents of Dominica has been canceled Continue reading