An Open Letter to the Bitcoin Community from the Developers - page 4.

IIOII

legendary

Activity: 1153

Merit: 1012

Quote from: jonald_fyookball on September 02, 2015, 10:19:19 AM

If they want a piece of it then they want it to succeed. Bip 101 lets it scale.

Retard arguments for the simple minded...

Since decentralization does not matter, the followers of Hearndresencoin can just use Paypal. There's no difference besides the personality cult around Andresen and Hearn.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: knight22 on September 02, 2015, 10:16:02 AM

Quote from: QuestionAuthority on September 02, 2015, 10:13:02 AM

Quote from: Carlton Banks on September 02, 2015, 10:04:02 AM

Quote from: knight22 on September 02, 2015, 09:59:44 AM

Circle intentions are no suprise and no secrets from the whole beginning

Which is precisely why I'm supplying the information from Circle's own press releases

Quote from: knight22 on September 02, 2015, 09:59:44 AM

and they do share the same goals than most of the biggest companies in the bitcoin space.

Except for all those that don't share their goals, of course

I guess people here don't understand that you are presenting proof that the financial status quo is hell bent on taking over Bitcoin. It makes sense for them to at least try to have some controlling interest in this new revolutionary technology. The problem is when they control the upper echelon of Bitcoin business and development it won't really be revolutionary techonology anymore but instead it will be the same old shit in a shiny new wrapper.

They won't be able to change a single thing of what bitcoin is expect for the scalability issue. What are you afraid they could do to the protocol exactly?

You don't really believe that do you? One small change could bring blacklisting and end Bitcoin's fungability. There are numerous ways to change Bitcoin for the worst. Sure, the few hundred thousand current users here would abandon it but hundreds of millions of other mainstream users would pick it up and trust it because big names in finance are supporting the system.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

If they want a piece of it then they want it to succeed. Bip 101 lets it scale.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: QuestionAuthority on September 02, 2015, 10:13:02 AM

Quote from: Carlton Banks on September 02, 2015, 10:04:02 AM

Quote from: knight22 on September 02, 2015, 09:59:44 AM

Circle intentions are no suprise and no secrets from the whole beginning

Which is precisely why I'm supplying the information from Circle's own press releases

Quote from: knight22 on September 02, 2015, 09:59:44 AM

and they do share the same goals than most of the biggest companies in the bitcoin space.

Except for all those that don't share their goals, of course

I guess people here don't understand that you are presenting proof that the financial status quo is hell bent on taking over Bitcoin. It makes sense for them to at least try to have some controlling interest in this new revolutionary technology. The problem is when they control the upper echelon of Bitcoin business and development it won't really be revolutionary techonology anymore but instead it will be the same old shit in a shiny new wrapper.

They won't be able to change a single thing of what bitcoin is exept for the scalability issue. What are you afraid they could do to the protocol exactly?

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Carlton Banks on September 02, 2015, 10:04:02 AM

Quote from: knight22 on September 02, 2015, 09:59:44 AM

Circle intentions are no suprise and no secrets from the whole beginning

Which is precisely why I'm supplying the information from Circle's own press releases

Quote from: knight22 on September 02, 2015, 09:59:44 AM

and they do share the same goals than most of the biggest companies in the bitcoin space.

Except for all those that don't share their goals, of course

I guess people here don't understand that you are presenting proof that the financial status quo is hell bent on taking over Bitcoin. It makes sense for them to at least try to have some controlling interest in this new revolutionary technology. The problem is when they control the upper echelon of Bitcoin business and development it won't really be revolutionary techonology anymore but instead it will be the same old shit in a shiny new wrapper.

hdbuck

legendary

Activity: 1260

Merit: 1002

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: Carlton Banks on September 02, 2015, 10:04:02 AM

Quote from: knight22 on September 02, 2015, 09:59:44 AM

and they do share the same goals than most of the biggest companies in the bitcoin space.

Except for all those that don't share their goals, of course

Except the miners that are reluctant, which are?

Carlton Banks

legendary

Activity: 3430

Merit: 3080

Quote from: knight22 on September 02, 2015, 09:59:44 AM

Circle intentions are no suprise and no secrets from the whole beginning

Which is precisely why I'm supplying the information from Circle's own press releases

Quote from: knight22 on September 02, 2015, 09:59:44 AM

and they do share the same goals than most of the biggest companies in the bitcoin space.

Except for all those that don't share their goals, of course

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: Carlton Banks on September 02, 2015, 09:55:48 AM

Quote from: Mickeyb on September 02, 2015, 09:52:30 AM

OK, I don't fail to see a conflict of interest, but isn't it for a Circle most important that Bitcoin survives and does well? If these big banks are funding Bitcoin start-ups in order to destroy them and Bitcoin, isn't then natural to think that Circle would recognize this, took banks money and say f**k to them?

I mean, if they do side with Goldman Sacks and the others, and they got destroyed in the process, then they will end up out of the game and on the streets.

Quote

Circle is free to consumers. There are no fees for deposits and withdrawals, and no fees for our secure storage, theft insurance or any bitcoin-to-bitcoin transactions. We don’t think consumers should be charged for using their own money.

http://blog.circle.com/2014/05/16/circle-update/

So, how are Circle making money if they're paying all the Bitcoin transaction fees for their customers to withdraw their money? Arguably, the answer is in the rest of the linked blog post from circle.com.

Circle intentions are no suprise and no secrets from the whole beginning and they do share the same goals than most of the biggest companies in the bitcoin space. It’s just too bad you just came to this realisation. The only thing they are now asking for is SCALING and there is nothing to be afraid of since it was part of the original vision of Satoshi.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: Mickeyb on September 02, 2015, 09:52:30 AM

Quote from: ?? on ??

Quote from: jonald_fyookball on September 01, 2015, 09:01:36 PM

Quote from: Carlton Banks on September 01, 2015, 08:37:45 PM

I understand that companies like Circle (who are BIP101 backers) have Goldman Sachs and Moneygram as investors Cheesy

Little bit of a conflict of interest, perhaps?

I fail to see the conflict of interest. What does Goldman and Moneygram have to do with anything ?

The fucker is too dumb to understand what conflict of interest means.

OK, I don't fail to see a conflict of interest, but isn't it for a Circle most important that Bitcoin survives and does well? If these big banks are funding Bitcoin start-ups in order to destroy them and Bitcoin, isn't then natural to think that Circle would recognize this, took banks money and say f**k to them?

I mean, if they do side with Goldman Sacks and the others, and they got destroyed in the process, then they will end up out of the game and on the streets.

P. S. Just thinking out loud!

Realize this, a lot of big companies have invested millions to bring bitcoin to the mainstream and for this to happen, they need bitcoin to scale and now. They have deep pockets and will use this money to achieve their means (i.e. stress tests and it won't stop there) and they won’t let a single company called “Blockstream” stand on their way.

Carlton Banks

legendary

Activity: 3430

Merit: 3080

Quote from: Mickeyb on September 02, 2015, 09:52:30 AM

OK, I don't fail to see a conflict of interest, but isn't it for a Circle most important that Bitcoin survives and does well? If these big banks are funding Bitcoin start-ups in order to destroy them and Bitcoin, isn't then natural to think that Circle would recognize this, took banks money and say f**k to them?

I mean, if they do side with Goldman Sacks and the others, and they got destroyed in the process, then they will end up out of the game and on the streets.

http://blog.circle.com/2014/05/16/circle-update/

Quote

Circle is free to consumers. There are no fees for deposits and withdrawals, and no fees for our secure storage, theft insurance or any bitcoin-to-bitcoin transactions. We don’t think consumers should be charged for using their own money.

So, how are Circle making money if they're paying all the Bitcoin transaction fees for their customers to withdraw their money? And the whole of the rest of the service is free? Arguably, the answer is in the rest of the linked blog post from circle.com.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: Carlton Banks on September 02, 2015, 09:45:52 AM

Circle and their dubious connections:

So what if they are dubious? How's that a conflict of interest?
Are you suggesting that they are dubious because they are banks
and thus want Bitcoin to fail and so they invested in a Bitcoin company??
And then supported a BIP proposed by Gavin which is somehow bad?

Mental gymnastics anyone?

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: ?? on ??

Quote from: jonald_fyookball on September 01, 2015, 09:01:36 PM

Quote from: Carlton Banks on September 01, 2015, 08:37:45 PM

I understand that companies like Circle (who are BIP101 backers) have Goldman Sachs and Moneygram as investors Cheesy

Little bit of a conflict of interest, perhaps?

I fail to see the conflict of interest. What does Goldman and Moneygram have to do with anything ?

The fucker is too dumb to understand what conflict of interest means.

OK, I don't fail to see a conflict of interest, but isn't it for a Circle most important that Bitcoin survives and does well? If these big banks are funding Bitcoin start-ups in order to destroy them and Bitcoin, isn't then natural to think that Circle would recognize this, took banks money and say f**k to them?

I mean, if they do side with Goldman Sacks and the others, and they got destroyed in the process, then they will end up out of the game and on the streets.

P. S. Just thinking out loud!

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: knight22 on September 02, 2015, 09:37:52 AM

Quote from: QuestionAuthority on September 02, 2015, 09:35:34 AM

So the chief cat wrangler Gavin doesn't sign the letter and doesn't agree with it? Mike Hearn doesn't sign the letter and doesn't agree with it? The ones that did sign want to show love and solidarity with the "Bitcoin community" (whatever that is) except they have it in such remote locations that no one will be able to go? Good luck adding any useful comments by watching a webcast. If you're Chinese it's too far away and if you're in the Western Hemisphere it's as far north as you can get. That makes sense. Sure, I get it.

It's a good thing I don't want to go anyway. I don't trust five people on that list.

Don't speak too fast: https://bitcointalksearch.org/topic/mike-hearn-response-to-an-open-letter-to-the-bitcoin-community-1169062

Ha ha! Thanks, that answers one of my questions. Hearn thinks it's just a load of crap same as I do.

Carlton Banks

legendary

Activity: 3430

Merit: 3080

Circle and their dubious connections:

Investors Goldman Sachs and Accel:

http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/

Employing a formerly JPMorgan/Deutsche Bank executive as CFO:

http://blog.circle.com/2014/12/11/circle-team-leadership-expansion/

Employing former SWIFT CEO ( + previous investment from Accel):

http://blog.circle.com/2014/03/26/circle-closes-17-million-series-b-rolls-consumer-product-invite-limited-release/

Employing former Bank of Ireland/Goldman Sachs financier as their MD:

http://blog.circle.com/2014/07/02/circle-appoints-fintech-leader-former-bank-ireland-director-garrett-cassidy-head-european-operations/

Employing former Special Advisor to US Treasury Secretary Tim Geithner as a Director:

http://blog.circle.com/2013/11/14/circle-names-former-banking-industry-exec-head-u-s-consumer-financial-protection-bureau-raj-date-board-directors/

Employing former board member at Wal Mart/Cisco/Goldman Sachs as "global finance executive" (at the same time the Mike Hearn becomes an advisor):

http://blog.circle.com/2014/01/16/circle-adds-new-board-member-announces-key-advisors/

Launch announcement of Accel investment:

http://blog.circle.com/2013/10/30/introducing-circle/

Do you want more?

"But what's wrong with all those highly desirable individuals companies?". Fair question lol, it will be answered in a separate thread that I will prepare.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: QuestionAuthority on September 02, 2015, 09:35:34 AM

So the chief cat wrangler Gavin doesn't sign the letter and doesn't agree with it? Mike Hearn doesn't sign the letter and doesn't agree with it? The ones that did sign want to show love and solidarity with the "Bitcoin community" (whatever that is) except they have it in such remote locations that no one will be able to go? Good luck adding any useful comments by watching a webcast. If you're Chinese it's too far away and if you're in the Western Hemisphere it's as far north as you can get. That makes sense. Sure, I get it.

It's a good thing I don't want to go anyway. I don't trust five people on that list.

Don't speak too fast: https://bitcointalksearch.org/topic/mike-hearn-response-to-an-open-letter-to-the-bitcoin-community-1169062

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

So the chief cat wrangler Gavin doesn't sign the letter and doesn't agree with it? Mike Hearn doesn't sign the letter and doesn't agree with it? The ones that did sign want to show love and solidarity with the "Bitcoin community" (whatever that is) except they have it in such remote locations that no one will be able to go? Good luck adding any useful comments by watching a webcast. If you're Chinese it's too far away and if you're in the Western Hemisphere it's as far north as you can get. That makes sense. Sure, I get it.

It's a good thing I don't want to go anyway. I don't trust five people on that list.

turvarya

hero member

Activity: 714

Merit: 500

Quote from: erik777 on September 01, 2015, 08:37:39 PM

According to an interview with one of the devs, they planned the workshops BEFORE Gavin broke off, and Gavin knew about the timing of the workshops when he and hearnia launched the spork.

So, why did it take them so long to announce it publicly. Doesn't make much sense, does it?

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: danielW on September 02, 2015, 09:04:46 AM

Quote from: jonald_fyookball on September 02, 2015, 09:01:23 AM

Quote from: jonald_fyookball on September 01, 2015, 09:01:36 PM

Quote from: Carlton Banks on September 01, 2015, 08:37:45 PM

I understand that companies like Circle (who are BIP101 backers) have Goldman Sachs and Moneygram as investors Cheesy

Little bit of a conflict of interest, perhaps?

I fail to see the conflict of interest. What does Goldman and Moneygram have to do with anything ?

Still waiting for an explanation on this one Carlton. Has your bias on this debate degraded your thinking
to the point of spouting non sequitors?

It makes about as much sense as the blockstream conflict of interest

By keeping the 1MB limit in place, Core developers would
force transactions off the main chain as Bitcoin scales.
And Blockstream is in the business of building sidechains,
and other extensibility. I think that is a very solid argument.
You can disagree with the conclusion but should be honest enough
to admit that the argument is at least plausible on the surface.
What Carlton is saying is just nonsense
that he can't even explain.

danielW

sr. member

Activity: 277

Merit: 257

Quote from: jonald_fyookball on September 02, 2015, 09:01:23 AM

Quote from: jonald_fyookball on September 01, 2015, 09:01:36 PM

Quote from: Carlton Banks on September 01, 2015, 08:37:45 PM

I understand that companies like Circle (who are BIP101 backers) have Goldman Sachs and Moneygram as investors Cheesy

Little bit of a conflict of interest, perhaps?

I fail to see the conflict of interest. What does Goldman and Moneygram have to do with anything ?

Still waiting for an explanation on this one Carlton. Has your bias on this debate degraded your thinking
to the point of spouting non sequitors?

It makes about as much sense as the blockstream conflict of interest

Topic: An Open Letter to the Bitcoin Community from the Developers - page 4. (Read 5989 times)