Board Meeting Notes

1. Attendance

Present (online): Board: Jonathan, John, Wally, Hector, Kiki, Jamie, Daniel, Directors:Quentin, Patrick, Trey, Arnold, Benoit

Absent: None

2. Agenda

1. Welcome
2. Intros
3. Founder’s 30-year vision & 1-year priorities
4. DOFA 90-day review & proposal
5. ED Report
6. Review 2026 plans
7. Planning Q2 meeting in Prague
8. Adjournment
9. Summary of Key Action Items

2. Meeting Notes

1-2. Welcome & intros

• Opened with a welcome and overview of the agenda.
• Board members and leadership team introduced themselves, highlighting areas of focus and collaboration across the organization.

3. Founder’s 30-year vision & 1-year priorities

30-Year Vision:

• Reaffirmed long-term mission: to reimagine education by developing sovereign, high-agency individuals through Bitcoin education.
• Current focus is on scaling globally by empowering educators and leveraging open systems and emerging technologies.

2026 Priorities:

• Strengthen how impact is measured and communicated to partners and funders.
• Increase long-term sustainability through diversified revenue streams.
• Balance the use of AI with strong in-person and community-based education.
• Additional discussion included exploring new partnership models to support fundraising and accessibility.

4. DOFA 90-day Review & Proposal

90-Day Organizational Review

• Reviewed organizational progress toward strengthening internal systems and operational structure.
• Emphasis on continued maturation of governance, compliance, and financial processes.

Proposal Approved:

• Transition of the Director of Finance & Administration role to an employee structure.
• This change supports stronger alignment between responsibility, accountability, and long-term organizational stability.
• Agreement to continue strengthening reporting and communication between leadership and the Board.

5. Executive Director Report

• Continued progress across key strategic initiatives, including platform development, education programs, and global network growth.
• Ongoing investment in technology and systems to support scalability and operational efficiency.

Highlights:

• Expansion of global education network and program development.
• Growth of online learning platforms and supporting infrastructure.
• Continued development of content and tools to support educators worldwide.
• Board noted strong momentum while emphasizing the importance of sustainable growth and long-term financial stability.

6. Review 2026 Plans

Read the 2026 plans

• 2026 plans were reviewed and acknowledged by the Board, with alignment on overall direction and priorities.

7. Planning Q2 meeting

• Next Board meeting scheduled.
• Discussion included planning structure, logistics, and potential opportunities for broader community engagement.

8. Adjournment

9. Summary of Key Action Items

• Continue strengthening governance, reporting, and operational systems.
• Advance development of impact measurement frameworks.
• Support revenue diversification and long-term sustainability initiatives.
• Finalize logistics and structure for June in-person Board meeting.

1. Attendance

Present (in person):John, Wally

Present (online): Jonathan, Jamie, Quentin, Kiki

Absent: none

2. Agenda

1. Welcome – 10:00am – 10:15am
2. GM Report with Quentin – 10:15am – 10:30am
3. Vision Statement Discussion – 10:30am – 12:30pm
4. Discussion on Upcoming Meeting(s) – 12:30pm – 1pm
5. Adjournment
6. Summary of Key Action Items

2. Meeting Notes

1. Welcome

Positive feedback on the announcement of a new strategic partnership.

2. General Manager Report

The General Manager presented updates across operations, education, technology, fundraising, and communications:

- Organizational Development: Continued progress toward a fully open-source educational model. - Hiring & Compliance: Recruitment underway for key roles; compliance filings in progress in multiple jurisdictions. - Fundraising: Quarterly goals achieved; multiple grant applications submitted or pending. - Education & Programs: Expansion of the Bitcoin Diploma with updated workbooks, new translations, and pilot programs. - Tech & Infrastructure: Website redesign launched, internal documentation moving to GitHub, and new publishing initiatives live. - Events: Participation in global Bitcoin events and unconferences, with more planned throughout the year. - Community Network: Active global node network growing in reach and support infrastructure. - Finance & Admin: Increased financial transparency, new accounts opened, and safeguarding policies updated.

3. Vision Statement Discussion

• Explored draft language for a refreshed organizational vision.
• Emphasis placed on clarity, brevity, and action-oriented language.
• Agreed to share the current draft with the broader leadership team for further feedback.

4. Discussion on Upcoming Meeting(s)

• Future board meetings will focus on one key topic per session.
• Next meeting to address updates and alignment of bylaws.
• Agreement to keep board discussions strategic in nature.

5. Adjournment

• Meeting End Time: May 14, 2025 1:00 PM
• Next Meeting Date: Jun 11, 2025 8:00 AM

6. Summary of Key Action Items

• Finalize hiring for key leadership positions.
• Complete ongoing legal and compliance processes.
• Share Vision Statement draft with leadership.
• Refine and prepare educator and youth program materials.
• Launch merchandise and publishing initiatives.
• Prepare for upcoming grant submissions and event engagements.
• Add bylaw review to next meeting’s agenda.

1. Attendance

Present (in person):Kiki, John, Wally, Jamie

Present (online): Jonathan, Quentin (GM Report & Topic 1)

Absent: none

2. Agenda

1. Welcome
2. Discussion of the Decentralized Board Proposal
3. Current Status of Work with MINED
4. Review of OKRs from the Perspective of Vision & Mission Alignment
5. Board Notes: Purpose & Process
6. Lunch Break
7. Adjournment
8. Summary of Key Action Items

2. Meeting Notes

1. Welcome

• Confirmed funding support from Paystand.
• Ongoing discussions regarding additional funding sources.

2. General Manager Report

Presenter : Quentin

Operational Updates:

• Implementation of the MPB Operating System continues, with 9 out of 10 steps completed. The final step involves formalizing Standard Operating Procedures (SOPs).
• The Open-Source Everything initiative remains a key focus, ensuring all educational content and operational documents are publicly accessible.

Education & Community Growth:

• 1,400+ students have completed the Introduction to Bitcoin in El Salvador, with additional schools adopting the curriculum.
• The online school continues to expand, now with 1,692 registered users and 5 nodes actively utilizing dedicated classrooms.
• MPB is developing an education certification program to standardize training for teachers and community educators.

Tech & Website Updates:

• The MPB website is being updated to improve navigation and showcase key initiatives, including the Gala Dinner, Education Manifesto, and Board information.
• Work continues on the Transparency page, which needs updates to reflect 2025 organizational goals.
• A proposal for an MPB online store is under review.

Events & Community Engagement:

- MPB is involved in several upcoming events, including: ○ Bitcoin Park Unconference & Charity Dinner in April. ○ Unconferences in Vancouver and Adopting Bitcoin San Salvador later this year. - The Global Node Network continues to grow, now with 62 nodes in 33 countries.

3. Decentralized Board Proposal Discussion

• The board reviewed a proposal to work with a team governance & communication leader on a decentralized governance model, which included suggested structural changes and a phased implementation approach.
• Board members raised concerns about clarity, potential value, and alignment with MPB’s current structure.
• Decision: The board voted unanimously not to adopt the full proposal but remains open to selectively integrating relevant elements where beneficial and future collaboration.

4. Current Status of Work with MINED

• MPB has completed its role in the MINED project and will focus on celebrating the success of the initiative.
• MPB will work with the Communications & Education teams to develop and share messaging that highlights the impact and success of the project.

5. OKR Review

- Reviewed the 2025 OKR Tracker, ensuring alignment with MPB’s vision and mission. - Adjustments to OKRs: ○ Review of OKRs noted as light, with a focus on refining and clarifying metrics. ○ Considerations for improving specific OKR metrics to better reflect progress and impact.

6. Board Notes: Purpose & Process

- Board notes serve as an official record to maintain institutional memory and demonstrate transparency. - Notes to be shared with the BOD within 48 hours (business days), and published within 72 hours on the website. - Website visibility of BOD section needs improvement - Quarterly Email Newsletter: To be revisited in the next meeting.

7. Adjournment

Next Meeting: TBD

8. Summary of Key Action Items

Board Notes Review & Publication

• Meeting notes shared with BOD within 48 hours and published within 72 hours.

Website Updates

The team will discuss improving visibility and accuracy of the BOD section of the website.

Email Newsletter Exploration

Next meeting to revisit the idea of a quarterly email newsletter.

1. Attendance

Present (in person): Kiki, John, Wally, Jamie

Present (online): Jonathan

Absent: None

2. Agenda

1. Welcome (25 mins)
2. General Manager Report (90 mins)
3. Topic 1: Education Department Guidance & OKRs (65 mins)
4. Topic 2: Organizational Tone & Strategy (re: IMF, Government) (60 mins)
5. Topic 3: Board-Level OKRs (60 mins)
6. Adjournment
7. Summary of Key Action Items

2. Meeting Notes

1. Welcome & Board Introductions

Welcomed Wally & Kiki to the Board of Directors

Overview of agenda and shared documents

2. General Manager Report

Presenter: Quentin

Operations & Governance:

- New Board members: John, Jamie, Jonathan, Wally, Kiki - Advisory Board created: Mike Peterson, Jeremy Almond, Jeff Booth - US registration ongoing; exploring Prospera as an alternative for El Salvador - Tech Department established with new hires: Lead Web Engineer, Lead Bitcoin Engineer, Graphic Designer, Video Editor, Content Manager, Community Builder - Organizational structure updates & implementation of 10-step Operating System Education & Curriculum: - Bitcoin Diploma: 2025 edition published; 11 translations available - Introduction to Bitcoin: Published Teacher’s Guide; released Blink & Wallet of Satoshi versions - Bitcoin for Business: 85% completed; 29 modules submitted for design - Online School Growth: 1,654 registered users; 5 dedicated node classrooms - Teacher Training: Four new teachers onboarded; structured training program in progress

Community & Expansion:

• 55+ node network across 30+ countries
• General Assembly participation record: 22 nodes joined
• Open-source translators added (Togo, Burkina Faso, France)

Tech & Security:

• Weekly check-ins for new hires in the Tech Department
• AlbyHub integration for finance management
• Exploring Nostr tools (Keycast, Xtonostr)

Finance & Compliance:

• Financial Dashboard v1 completed
• Multisig wallet established for fund security; exploring remote signing solutions

3. Education Department Guidance & OKRs

Board support requested for clearer structure, roles, and OKRs within the Education

Department

- Development and execution of educational products require streamlined processes - Curriculum Coordinator to expand responsibilities and report to Director of Education - Guidance document outlining roles and decision-making structure to be finalized and shared - Review of youth programming and partnerships for alignment with MPB’s mission

4. Organizational Tone & Strategy

MPB maintains neutrality on political and financial matters

• Individuals are free to express their opinions as individuals
• Communications strategy to ensure professionalism and factual accuracy

5. Board-Level OKRs

• Defining Board’s goals and strategy for 2025
• Reducing reliance on individual personalities in MPB’s public representation

6. Adjournment

Next Meeting: March 5, 2025, 10:00 AM

7. Summary of Key Action Items

Education & Curriculum

- Introduction to Bitcoin Development: Led by [email protected] with GM, Tech Team & Curriculum Coordinator - Education OKRs & Structure: Board session planned for Introduction to Bitcoin strategy - Guidance Document: Finalize & share “Vision for the Education Department” document - Youth Programs & Partnerships: Review current offerings & partnerships for mission alignment - Curriculum Leadership & Decision-Making: Clarify Director of Education’s authority

Finance & Operations

• Financial Dashboard: BOD to review expense categorization
• Multi-Sig Wallet: Evaluate secure remote signing solutions

Governance & Strategy

• Board OKRs: Define Board’s 2025 goals in the next meeting (March 5)
• MPB Tone & Communication: Ensure neutrality in public statements

➖ Education Department & OKRs: == The Board is refining the structure, roles, and objectives for the Education Department. A guidance document is being finalized to outline decision-making authority, and the Curriculum Coordinator’s role will expand to report directly to the Director of Education. A review of youth programs and partnerships is also in progress.

➖ Bitcoin Diploma & Curriculum Development: == The 2025 Bitcoin Diploma has been published in 11 languages. The Introduction to Bitcoin now includes a Teacher’s Guide and versions for Blink and Wallet of Satoshi. The Bitcoin for Business program is 85% complete, with 29 modules submitted for design. Online school registrations have grown to 1,654 users across five dedicated node classrooms.

➖ Technology & Security Enhancements: == MPB has established a new Tech Department, hiring a Lead Web Engineer, Lead Bitcoin Engineer, Graphic Designer, Video Editor, and Community Builder. Weekly check-ins for new hires are in place. AlbyHub is being integrated for financial management, and Nostr tools (Keycast, Xtonostr) are being explored.

➖ Financial Transparency & Compliance: == A Version 1 financial dashboard has been completed. MPB has established a multisig wallet for fund security and is evaluating secure remote signing solutions to enhance financial oversight. The Board will review expense categorization to improve transparency.

➖ Organizational Tone & Strategy: == MPB remains neutral on political and financial matters while ensuring professional and factual communication. Individual members may express personal opinions, but the organization will maintain a nonpartisan stance.

➖ Teacher Onboarding and Training Program: == Planning is underway to establish a structured teacher hiring, onboarding, training, and certification program. The Director of Education held the first meeting with a candidate to start in a Teacher Trainer role to discuss strategies, options, and an ideal process for hiring new teacher candidates and to lead the program.

➖ New Collaboration Opportunities: == 2 different private schools in Colombia are interested in using MPB materials, potentially co-developing a curriculum, and training their teachers. This marks a significant step toward international partnerships. We continue with the partnership program with the organization in Costa Rica.

➖ Transparency and Reporting: == The Director of Finance in Administration is working on an annual financial transparency report to share with the community in Q1 2025. This report will highlight MPB’s financial activities and enhance trust with the community, and donors.

➖ Bitcoin Diploma 2025 ==The team is finalizing the Bitcoin Diploma 2025 according to the planned timeline, the additions to the activities guide, and the translations to Spanish, ready to be uploaded on Jan 2025.

➖ Board of Directors Planning: == Preparations are underway for the December 16th Organization’s Assembly, where the focus will be on restructuring the board of directors. This includes removing inactive members, adding new candidates, and finalizing plans for the January elections to shape MPB’s leadership for 2025.

➖ The board reviewed and updated OKRs with the Leadership team for Q4

➖Fundraising & Collaborations: == We received pending grant from our corporate donor. We’ll be working on a new grant application with them once the new window opens up in November. == Ongoing discussions with Block for Q4 grant and self-paced LMS course launch by November. ➖ Education Department: == New Introductory Bitcoin course ready to launch. == We continue our Department of Education rebuild with the new Director of Education: Working on building the tools, processes, trackers, SOPs, and everything necessary to scale our educational impact in 2025. == Youth Workbook development of the project with Little Hodler and MINED for 2nd and 3rd grade has been completed from the MPB’s side for content, chapter summary, and activities. Is now pending design from Little Hodler’s team. ➖Communications Department: == Update from LNN: We are about to surpass 50 nodes in the Light Node Network. == We launched the Discourse platform, onboarded Full Nodes, and began governance. == Organizing the Unconference in November 2024. ➖Savings mechanism == At the end of Q4, we will put aside a two-month runway for operations and put everything else into a Savings Account. Before the end of Q4 we will create a Savings Goal for Q1. If we do not meet the Savings Goal then, the following Quarter will have a ‘light restricted’ budget. If we do not meet the Savings Goal AND have to take out of Savings in order to maintain the 2-month runway then the following Quarter will have a ‘heavy restricted’ budget. We will repeat this exercise at the end of each quarter, looking ahead to the next quarter throughout 2025: set a Savings Goal and define the consequences of not accomplishing that goal at the end of each quarter.

➖ The board unanimously voted to change Quentin’s title in his new role from COO to General Manager Quentin’s as this reflects more our spirit of an organization for a change of the old world, and that includes avoiding “too corporate” titles.

➖ Organizational Chart Update: Roberto is now the Director of Finance and Administration. Future board design discussions are ongoing.

➖ A press release announcing Reyna and Quentin’s promotions was reviewed and the date was established to be issued on September 16th

➖ Funding Updates == While there have been delays in receiving pledged funds, efforts are being made to secure a bridge for ongoing operations until full funding is received as expected in December 2024.

➖ Succession Plan == The board reviewed Adam’s recommended successor. A training plan and timeline have been drafted, with more details to follow in the next meeting.

➖ Leadership Restructure == The board discussed future leadership restructuring to streamline responsibilities and align more closely with the organization’s mission and vision.

➖ The Board of Directors and Department heads held an in-person meeting to discuss various topics, plus planning for the 2nd part of the year.

➖ We discussed strategy. Where are we going? What’s the future of this movement? == Grassroots Fundraising. == Celebrating the MPB birthday (Aug 9). == Solidifying our values and what needs to be done to preserve them.

➖  A new vision/update for the monthly meet-ups was discussed and approved.

➖  Adopting Bitcoin Speakers from the team and how to support each other in our presentations.

➖ This was the first meeting with the 2 new board members: Jonathan and Jamie

➖ In this meeting was discussed timeline to start working on the Bitcoin Diploma 2025 version: Main responsible team, deadlines, feedback and deliverable date and languages.

➖ The COO will choose a project lead for the BD 2025 version by June 17th, the project lead to begin working immediately. The 2025 Bitcoin diploma text is locked in on Oct 15th, 2024 with a release date of English and Spanish on Jan 1st, 2025.

➖ The project lead reports on the monthly board meetings.

➖ The proposal was approved unanimously by all members of the board.

➖ A new version of the intro class will be worked on and we’ll ask the collaboration of the LN Network educators to complete it.

➖ Fundraising and saving for the future: == 10% of the current funds that we have for the next 18 months 10% of the first 35k, and for the amount above 35k it will be 50% per calendar month. == Funds from these savings can be used, and it will be reviewed on a case-by-case basis and will be approved by the super majority of the board: 4 out 5 votes.

➖ This was unanimously approved by all members of the board.

➖ The VP of the board stepped down from his position end of April.

➖ The remaining members sat down and met up to review new board candidates, core values, and reasoning for the future members.

➖ This month the board reviewed reports and OKRs implementations from the General Operations Manager and discussed the next steps on how to go towards scaling the mission.

➖ Announcement of the new project proposal for the creation of 2 workbooks for children with Little Hodler and Ministery of Education of El Salvador.

➖ Two books will be created for two age groups: == 7 to 9 years == 10 to 13 years

➖ Collaboration from Volcano Energy to cover expenses for the graduation ceremony in Ilopango for April 2nd where 100 students will graduate from the Bitcoin Diploma.

➖ The board reviewed the lessons learned on a “post-mortem” of the Bitcoin Diploma 2024 version and how to do better for next year.

➖ The light node network reviewed and vote for The Cuba LN to win the grant for more PoW

➖ The team reviewed the OKR’s set for 2023

➖ Bitcoin for business: In process – of the 2.01 course, for business professionals who are building a business course for other business professionals.

➖ Approval for standardizing operating procedures for major processes.

➖ The team reviewed: == OKRs for 2024 == 90-day goals for each department == Ops 3.0 – More common language, clearly explaining what we do and how we do it. == COO Monthly report: Attemp for transparency, a monthly report, that talks about primary focus, secondary focus, action items, and ensures that things are completed in a timely manner.

➖ Vote to approve a social media proposal for video content strategy offered by a collaborator in the space.

➖ Analysis of the Bitcoin Diploma 2024 version: == Lessons learned:

➖ Approval for standardizing operating procedures for major processes.

➖ Approval for Constructive Criticism Sessions among the board members: == Board emphasizes mitigating deviation from the vision. == Focus on problem-solving, team building, and communication.

➖ Bitcoin Atlantis 2024 and MPB Unconference in Madeira: == Board review and approved with the COO to have weekly meetings to organize the Unconference with the team involved to help. == Board discussion and approval with the COO of the team members from MPB to travel, help with the organization and attend in person.

➖ 2024 Calendar: == Approval for Reyna as interim Teacher Lead for Q1 2024. == Reviewed of the 2024 Calendar events with the COO and Teacher lead for approval. Team reviews and discusses event participation.

December 13, 2023 :

➖ Review and approval of financial plan and forecast for 2024.

➖ Approval of MPB initiatives & programs for 2024, including Bitcoin-only policy.

➖ Decision to provide year-end bonus “aguinaldo” to team members.

December 1, 2023 :

➖ Votes for the vision for international expansion of the Unconference.

➖ Board approval of three vision statements for Mi Primer Bitcoin moving forward.

November 14, 2023 :

➖ Review and approval of proposed personal changes.

➖ Discussion and approval for a yearly full team retreat.

November 1, 2023 :

➖ Discussion and approval of bilingual staff incentive starting January 2024.

October 16, 2023 :

➖ Review and approval of Data Analysis proposal for the education department.

➖ Vacation policy vote and approval.

➖ Updates to the Node Network encouraging Bitcoin education.

October 6, 2023 :

➖ Implementation of a new organizational chart.

➖ Approval of logistics and budget for the graduation in Usulutan.

➖ Addition of new curriculum elements.

➖ Discussion and approval for MPB showcase week in November, including Bitcoin adoption.

September 6, 2023 :

➖ Training of 150 teachers from the Ministry of education was announced.

➖ Approval for the International Expansion department.

➖ Budget approval for the Unconference Nov 2023.

➖ Discussion on long-term sustainability and future planning.

August 9, 2023 :

➖ Focus on long-term problem-solving strategies by the board.

➖ Initiatives started in the education department and tooling.

➖ Teacher training and Github open-sourcing process initiated.

➖ Discussion of Open-house event, later becoming the first Unconference on Nov 6th, 2023 in El Salvador.

May 31, 2023 :