Topic: "Bitcoin is Dead" - Mike Hearn - page 21. (Read 17648 times)

You are an idiot, and a prime reason why so many people are bailing on bitcoin presently.  Let's look at how the New York Times has framed this "nobody" named Mike Hearn.....

"He was one of a handful of developers around the world dedicated to maintaining the basic software that governs both the creation of new Bitcoins and the network on which the financial transactions take place.

But a nasty fight has torn apart the small brotherhood of Bitcoin developers and raised questions about the survival of the virtual currency. Mr. Hearn, until recently one of the most prominent leaders of the Bitcoin project, became so disillusioned that in December he sold the few hundred Bitcoins he had left......."

LET ME TELL YOU what this is about.  It has been brewing a long time.  Big money in wallstreet, in banks, and venture capitolists have been funding the growth of bitcoin.  They are serious, professional people, that have definite financial motives in mind.  They write the paychecks for the loser little tech weenie punks that write code for them.  Somewhere along the way the tech weenies began to actually ran something, that what they wanted mattered.  That anybody gave a shit about their ideas on how bitcoin would ultimately be used.

At first it was amusing.  But now people are not amused anymore.  I assure you that this death spiral that is potentially setting up in bitcoin was triggered directly by Mike Hearn's Statements.

I do not support Mike Hearn.  I think he is an ass.  But I would take him a dozen times over these Blockstream/Core idiots that HAVE CAUSED ALL OF THIS.  

Currently I still see a 50/50 chance that Bitcoin survives and prevails against the looming FIATCOIN that is going to be launched against Bitcoin.  But just barely.   Myself and many many others are watching for just a single, solitary sign.... that Classic will actually be delivered.  But already I see that group getting bogged down in stupid discussions.  They just can't seem to shut up and code like they are paid to.

Hero member just means they've posted over 450 times (on average) over 450 days, or made 14 posts each 2 weeks. This means you can add more content to your signature, and it makes your account worth more on this forum. This typically also means a user has more experience with this board, and has interacted enough with everyone else to know what their doing.

Mike Hearn is not a very rich or important figure when it comes to Bitcoin, his announcement was merely timed with the cryptsy collapse announcement, and they merely compounded on top of each other to form an issue. Mike had no individual effect, he was just waiting to make himself feel relevant.

Wont change the fact that you're a newbie

...who knows nothing...

You start losing money when you cash out!
Not before!!!
When people are smart they will not fall for this panic train and just wait!I'm sure we will see 400+ again quite soon.

I disagree.  I think everything I wrote in the OP is even clearer now than it was at the time I wrote it.  The Blockstream/Core Hijaakers are dug in even deeper.  They fail to understand that it is their crippling of bitcoin that has led to this, not Mike Hearn.  The only reason Mike failed is because he got WAY to aggressive with XT.  If he had launched Classic instead, this would have been over months ago and we'd already be running 2b blocks, and Bitcoin would be over $1000, and the entire globe would be pouring in in panic of the financial collapse.  I warned you this would happen.

And now it appears that Blockstream/Core will make this a war to the death, and try and take Bitcoin with them if they can't have their way.  ONLY hope is that the Classic team shuts up talking and simply uploads the 2mb Fork code ASAP.  Deal with the rest of the crap later.  Do the fork as promised and shut up about future development until that has passed.

AND be prepared for R3CEV/HyperLedger/Banks/IBM/Cisco etc to run a fiat coin out against you.  Because what has been learned here?  That THEY have the power.... Media drives everything.  They snap their fingers in a couple of months - and you will see stories all over the world pop up in a matter of seconds saying "Look a thte children's table - the squabbling immature babies of Bitcoin.  We can't have those disorganized infighting nuts running our global finances.  You don't want to trust your money to that!"  And then they will talk endlessly about the new fiat coin, backed by the powers of IBM, CIsco, Banks, etc.... and the Gov'ts will speak in favor, and ALL the sheep will run to the new global fed coin.

Don't think it can happen that fast?  Bitcoin is at $386 as I write this.  It's been less than 24 hours.  That is how fragile Bitcoin is.

Interstingly, once again everybody has missed the point of the OP.  It's like talking to deaf people.  Don't say I didn't warn you.

Mike's capitulation will be the decisive wake up call that the community needed to save the Bitcoin project.
It was needed to finally fork the totalitarian tyrants and their followers out of the project. Mike will make history of being the savior of Bitcoin.