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Topic: "Bitcoin is Dead" - Mike Hearn - page 17. (Read 17638 times)

sr. member
Activity: 322
Merit: 250
January 19, 2016, 12:07:41 AM


Clearly, me and many more could not comprehend this. Thanks for enlightening all of us.

I'm all happy now knowing these jokers are highly intelligent beings incapable of an emotional, sour grapes rant.

Yup. You guys do need to be enlightened.

Of course they can be emotional. I think most people would be emotionally attached after working on something for 5 years, trying to make it succeed. And they would be frustrated when others cannot see the problems that they so clearly see, because they think it will eventually ruin the project they've worked so hard on for years.

I don't know if Mike Hearn is "right". But clearly he is one of the most knowledgeable people about bitcoin in the world, and I think his concerns definitely require some attention. Now, he is a human being, and like all other human beings, he's not perfect. He's prone to emotion, and he's prone to only seeing his side of things. There may be a lot of good things happening that he's not seeing, or maybe there are a lot of holes in what he's proposing that he's not seeing.

I don't know, I don't pretend to be knowledgeable enough to comment. But to just brush him off as a "joker" who wrote what he did in an effort to "destroy" bitcoin is I think very silly, and not good for bitcoin.
sr. member
Activity: 686
Merit: 251
Turn your financial ideas into reality
January 18, 2016, 11:58:55 PM
it's just a trick of the mike . why ? because he gave the statement in order to buy bitcoin much when the price falls , and sell them when halving later.
legendary
Activity: 1090
Merit: 1000
January 18, 2016, 11:50:02 PM
Hearn and Garzik are children. " If I can't have it, I'll break it so no one else can play with it."

All this drama is making the shitcoin of the week look good and we don't need that.
Agreed, they just kind of shit that want destroy bitcoin.

Do YOU think they can destroy bitcoin? No?

Well obviously, since even YOU realize that, these guys, who are clearly much smarter than YOU also realize that they're not gonna be able to destroy bitcoin with a blog post...

It's just stupid to think that that's their motive. It's much more likely that they want to bring the very real issues that exist to more people, and hope that it gets fixed eventually, somehow.

Clearly, me and many more could not comprehend this. Thanks for enlightening all of us.

I'm all happy now knowing these jokers are highly intelligent beings incapable of an emotional, sour grapes rant.
sr. member
Activity: 322
Merit: 250
January 18, 2016, 11:27:18 PM
Hearn and Garzik are children. " If I can't have it, I'll break it so no one else can play with it."

All this drama is making the shitcoin of the week look good and we don't need that.
Agreed, they just kind of shit that want destroy bitcoin.

Do YOU think they can destroy bitcoin? No?

Well obviously, since even YOU realize that, these guys, who are clearly much smarter than YOU also realize that they're not gonna be able to destroy bitcoin with a blog post...

It's just stupid to think that that's their motive. It's much more likely that they want to bring the very real issues that exist to more people, and hope that it gets fixed eventually, somehow.
sr. member
Activity: 826
Merit: 263
January 18, 2016, 10:54:33 PM
Hearn and Garzik are children. " If I can't have it, I'll break it so no one else can play with it."

All this drama is making the shitcoin of the week look good and we don't need that.
Agreed, they just kind of shit that want destroy bitcoin.
sr. member
Activity: 826
Merit: 263
January 18, 2016, 10:50:00 PM
So this is the reason for the sudden massive drop in price  Cry
Little unaccurate news in the media can affect a currency so fast is not very comforting.  Undecided
Yeah, because this shit people getting panic an sell their bitcoin, but I would take this as a chance for buying bitcoin in this low price and I'm sure bitcoin price will raise back.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 18, 2016, 07:43:14 PM
@pompatore
Thanks a lot for your long post with great info.

I don't think BTC's dead yet, but I see it going into some kind of "vegetative state". All Internet startups need to grow fast, and the blocksize issue has been hanging around for more than 6 months without a solution. Unless this problem is solved, with the network gaining ability to accept ten times more transactions, we can't expect any growth.
member
Activity: 119
Merit: 100
January 18, 2016, 04:10:26 PM
I hope is not dead yet, I still have to know it well lol.
newbie
Activity: 1
Merit: 0
January 18, 2016, 03:52:53 PM
newbie
Activity: 42
Merit: 0
January 18, 2016, 01:30:22 PM
Hearn's tone deaf cri de coeur doth protest too much and reminds me of what writer Mary McCarthy said about playwright Lillian Hellman: her "every word is a lie, even and and the." It's a pity the crowdsourcing prediction-market system Augur.net isn't up and running yet. It would have been a counterbalance to the news media's use of the "issue" as breathless click-bait and I agree with those who see the price drop as a herd-panic over the Cryptsy crash.

Bitcoin isn't dead. It's just doing what all successful revolutions do: taking on a life of its own. Kind of like the election of Andrew Jackson.

hero member
Activity: 560
Merit: 500
January 18, 2016, 01:25:32 PM
Whatever happened this idea have been seen by millions of people so bitcoin 2 will emerge soon or maybe is here already.
 But l don't believe a word troll saying.
legendary
Activity: 1090
Merit: 1000
January 17, 2016, 09:12:18 PM
is this why bitcoin went down like 50 over the past week?

I wasnt paying a ton of attention but was this clown the reason for the drop?

Apparently, he was.

Why people reacted to it is the 64 million dollar question. His motives are certainly questionable.
sr. member
Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
January 17, 2016, 09:10:15 PM
is this why bitcoin went down like 50 over the past week?

I wasnt paying a ton of attention but was this clown the reason for the drop?
legendary
Activity: 1470
Merit: 1004
January 17, 2016, 08:41:53 PM
The chinese miners are too greedy to stop.
hero member
Activity: 1568
Merit: 502
January 17, 2016, 03:51:58 AM
@pompatore thanks for posting this.

Interesting reading and I'm not so sure if it's wise to ignore all of this. If he's right BTC might go down rather sooner than later.

Of course, he is right. he was inside Bitcoin for years He knows many people(investors, exchangers, miners).




Rightly so, I think the insiders know much much more about it rather than us.
We can just guess things and say no bitcoin still has huge potential, but the insiders always know the actual condition and technical views.

I think he mentioned that in the long-term the value of bitcoins will decrease not increase which I found disturbing. What if after the halving the value doesn't increase and costs of mining become unsustainable?
Many will stop mining and the difficulty will drop, again.


Very true. It will again take some time to reach higher price for Bitcoin.
legendary
Activity: 3248
Merit: 1070
January 17, 2016, 03:51:44 AM
The price seems to be recovering from that $350 drop let's see what happens next week.

350 was very strong resistence, there was no way that it can drop, and anyway the halving is incoming

people that were thingking about sub 300 or evne worse sub 200, don't have  asingle clue how bitcoin halving work and why the price must increase in the future
sr. member
Activity: 474
Merit: 252
January 17, 2016, 03:48:22 AM
@pompatore thanks for posting this.

Interesting reading and I'm not so sure if it's wise to ignore all of this. If he's right BTC might go down rather sooner than later.

Of course, he is right. he was inside Bitcoin for years He knows many people(investors, exchangers, miners).




Rightly so, I think the insiders know much much more about it rather than us.
We can just guess things and say no bitcoin still has huge potential, but the insiders always know the actual condition and technical views.

I think he mentioned that in the long-term the value of bitcoins will decrease not increase which I found disturbing. What if after the halving the value doesn't increase and costs of mining become unsustainable?
Many will stop mining and the difficulty will drop, again.
sr. member
Activity: 378
Merit: 250
January 17, 2016, 03:41:36 AM
Mike Hearn is dead to the community... It's important that no one follows Benedict Arnold to his anti Bitcoin sellout.
It's time to rally together.
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
January 17, 2016, 03:22:22 AM
@pompatore thanks for posting this.

Interesting reading and I'm not so sure if it's wise to ignore all of this. If he's right BTC might go down rather sooner than later.

Of course, he is right. he was inside Bitcoin for years He knows many people(investors, exchangers, miners).




Rightly so, I think the insiders know much much more about it rather than us.
We can just guess things and say no bitcoin still has huge potential, but the insiders always know the actual condition and technical views.

I think he mentioned that in the long-term the value of bitcoins will decrease not increase which I found disturbing. What if after the halving the value doesn't increase and costs of mining become unsustainable?
member
Activity: 77
Merit: 10
January 17, 2016, 03:19:34 AM
The price seems to be recovering from that $350 drop let's see what happens next week.
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