Topic: [2018-11-09]Bitcoin Trailblazer Jeff Garzik Says Bitcoin ‘Unquestionably. . . - page 2. (Read 406 times)

Try telling that to the people who bought at $19 000 last year. 

Yes, sure if you are a early adopter like him, then $6000+ might still be a good store of value, but for the majority of the people who have entered the scene last year, this might be their worst store of value. 

I am also glad his push for Block size scaling failed, because we would never have scaled as a global payment network, if we followed that roadmap. 

The bitcoin/blockchain technology success doesn't need anyone approval, it is obvious.
I wish one day, we could have a better view about the beginning of the bitcoin idea and its creator/early adopters. Many questions remain not fully answered but maybe one day it will be clearer.

We've just had the 1 year anniversary of S2X. The handful of people who did run it found that it immediately broke. Since he had so long to get his wants in action, how could it have been so crap?

Then United Bitcoin came along which had the most fucked up 'fork' mechanism dripping with KYC that I've ever seen which promptly disappeared. I presume at some point since 2010 his brain was deprived of oxygen for a reasonably lengthy period of time.

i've gotta hand it to the guy---he's been trying to increase the block size limit since 2010! if he's one thing, he's consistent. i'm glad the community rejected his ideas then and now though. with his changes, the network may have seen increased transaction volume (because there would be no motivation to seek scaling efficiency), but i doubt it wouldn't have been better.

at least his attitude seems much more at peace now. the fanatical big blocker thing from 2016-17 wasn't a good look.

All credit due to all personalities in the space, whoever they are and who they've become. At least there's a concession that lots of things could have been thought of in the beginning but it's no one's fault that they weren't, and it's not a measure of failure, rather what could have been done better. And hindsight is always wiser than the present, too, who's to know what would have happened had "high volume transactions" been a focus instead of the basics outlined in the white paper?

Wasn't it just a week ago though that some other guy talked about the Bitcoin experiment possibly failing but arguably already successful as a store of value?

Bitcoin (BTC) pioneer Jeff Garzik has said that while the leading cryptocurrency may not have evolved into a means of payment as he first envisaged, it is still “unquestionably a success” as a store of value, in an interview with Bloomberg Nov. 9.   

Speaking soon after Bitcoin’s 10th anniversary, Garzik – reportedly the “third-biggest contributor” to Bitcoin’s code and one of Bitcoin creator Satoshi Nakamoto's key collaborators – told the publication:

“It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success." 

Bloomberg cites a recent study from blockchain intelligence firm Chainalysis that suggests Bitcoin’s use as private money in commerce is indeed on the decline, even as its popularity as an asset – as digital “gold” – has had significant traction among investors.

Unfazed by the twists and turns of the project’s evolution, Garzik stated, “Bitcoin is an organism, it’s something that evolves.” He then adopted a solicitous tone, remarking that, “as a father I enjoy watching my kids grow up, even as they make mistakes or grow in ways that I wouldn’t expect."

As Bloomberg outlines, Garzik began writing software code for Bitcoin as early as July 2010, after reading a blog post about the as yet incipient project. The article portrays the crypto trailblazer at the time as “working remotely for open-source powerhouse Red Hat Inc. from an RV parked in an empty lot in Raleigh, North Carolina.”

Readmore: https://cointelegraph.com/news/bitcoin-trailblazer-jeff-garzik-says-bitcoin-unquestionably-a-success-as-store-of-value