Topic: "Bitcoin is Dead" - Mike Hearn - page 24. (Read 17638 times)

heh......no conflict of interest here (will edit my previous post) sheesh....

http://www.bizjournals.com/newyork/news/2015/11/20/bitcoin-core-developer-joins-blockchain-consortium.html


blockchain development for banks.....but btc centralization by miners in china is 'evil' ....again sheesh

I will be however 'concerned' if a bunch of other previous 'bitcoin core devs' wander off in the same manner ...in a huff.....that would say much

I myself say we all take a 'vote' and give the bitcoin dev to Charlie Lee the Litecoin Founder.....hell it is boring as hell over there..they plod their mods etc
but at least NO drama

(actually that is not a bad idea....if/when our future alien overlords and masters decide this ...only way it would happen)

Mike said the three problem is the objective existence of
But some people think that he is so pessimistic because of the failure of XT,bitcoin future may not be so bad

What alt coin does Mike Hemaroid have"?

You see a lot of Obituaries if your here long enough albeit there are issues 88 counted so far and rising but your right Faith in Satoshi over faith in the Devs is a factor also most of the drama has been hidden for a while so its coming back again.

https://99bitcoins.com/bitcoinobituaries/

In regards to Hearns Double Spend background info
http://bitcoin.stackexchange.com/questions/10733/what-is-replace-by-fee

It's a method that allows replacing an already transmitted transaction by transmitting another transaction with a higher fee. This only works on transactions before they are signed by miners (0-confirmations).

More info, nothing like Dev Conflict to wake you up from napping
https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d#.d0qiz8h6z
https://www.reddit.com/r/btc/comments/3ujc4m/consensus_jgarzik_rbf_would_be_antisocial_on_the/

Decent convo
https://www.reddit.com/r/btc/comments/40zjsx/mike_hearn_the_bitcoin_believer_who_gave_up/

we need this childish FUD to get volatility so I can take everyones money by my new trading past time hehe

Bitcoin is not dead at all. Quite the opposite actually.
The bitcoin market is always moving up or down.
As long as I see that happening, it's not dead at all.
People just love to bring out negative stuff about bitcoin.

Had to wake up and make a note here Bitcoin IS NOT DEAD How many damn obituaries do we need before we cook the goose adds one more to bitcoin obituaries if I had a Btc for each time someone said it was dead.
Yes there are issues and we will resolve them as a community not a dictatorship and in the end the Nodes will decide the future but we need 1mb solved.

It is a sad day when a dev still wants to disrepute Btc because they did not get their way, that said end game tx fees are meant to replace mining block revenue and the incentive system does appear to contrast with the idea of 0 cost transactions as a community we are at a crossroad to move towards more usage, in effect more MB or to remain the same and retain a higher sending cost to end users at this stage an increase in size and scale leads to more money for all.

But there are always peculiarities in Pareto optimal conclusions in essence we leave China behind and their miners going forward if we do not make a small MB increase but large ones.
"But if the Bitcoin network got more popular, they fear taking part would get too difficult and they’d lose their income stream. This gives them a perverse financial incentive to actually try and stop Bitcoin becoming popular."

Anyways my money is leaning towards two solid Forks its getting grim.
https://forum.bitcoin.com/topic4847.html?sid=0f192a154a78576b87614da0fa42eeab

In the article he talks about in detail all the FUD and drama ....that his FORK should not have been the source of stuff....however it seems to me that he seems to talk about the
core devs in the same manner that they talk about xt...so go figure.....his open source universe of my way or the highway it seems

also he is now working for private blockchain interests by such a letter and getting rid of all btc ( hell who could tell) he clears things up for his 'new corporate masters"

so wtf is the difference between his working for 'private blockchain crypto code" and "bitcoin open source code that has some centralization properties vs his new working
environment which is ALL centralization on such projects from what I can tell....assuming I give him 'some' on his btc centralization tendencies ....for fairness in his views...still lame

what western bankers can centralize a crypto coin...with private blockchain efforts but somewhat (if he is to be believed) centralized btc run out of china via miners is NOT OK

seems he wants it both ways

1) bitcoin xt "benevolent dictatorship" (his words)

or

2) open btc crypto in his manner if he can't have the above

hell then he goes on about 'bitcoin classic' and muddles it all up further

seems his 'agenda' is slipping like a 'fat man's butt crack'

man what a tool ..it just seems a bit too much 'I'm gonna quit now because just because I was mean to you guys you were mean to me back" kinda gonna take his toys and go home

sheesh.....I MAY believe his points IF other bitcoin core devs as things change act as 'immature' about stuff not going their way with core code or whatever....that part of his 'rant'

has me wondering.......bunch of nerds running a great tech idea with 'big money' involved....well hell what could go wrong

but I think HE is an isolated individual in all this...even if SLOW i think others WILL do what needs to be done with code if/when it has to be done...sloppy yes.....dragging of feet yes
but BTC development is making a house by committee...it don't have to look pretty ..it just has to do its function and keep the rain/snow out

just a bit too much 'everyone is an evil greedy f*ck but me tone in all this rant*  anyway wtf do I know at one time I drank the BFL kool aid (got a refund) but still I fess up when
I'm plain ass wrong....not sure if he can face such a possiblity

just my take on the usual 'Bitcoin of our Lives" the continuing 'Soap Opera"...never a dull moment....

(*hey Icebreaker...how's it going by the by*)

edited this additional: Mike Hearn's NEW somewhat less then open source masters

http://www.bizjournals.com/newyork/news/2015/11/20/bitcoin-core-developer-joins-blockchain-consortium.html

So I think the block size growth still needs to be addressed for sure.. BITCOIN UNLIMITED sounds good.  But the emotional community will indeed sell all their coins. I see it happening now on UK sites. Oh well.

Same here. It makes me doubt a lot about bitcoin. It seems like there are incredible fights of power underneath, great influence controverses by people I don't know a shit about.

I can't use a currency if its stability solely depends on the faith of 4 dev...

Why would you say that? If it was going to be over I think we would have seen now in the news that bitcoin is down.
Bitcoin won't be going down that easy I think if that happen a lot of people would just get mad. We will see every one said that this year is the year for bitcoin so we will see about that is it is true or not.

I don't believe bitcoin is dead at all. I think bitcoin is still at it's early stages of adopting. As long as there are bitcoins to mine, bitcoin won't die out.

There will always be miners out there mining bitcoin, until all of it is mined.

He wanted to build a coin that could do everything and cost nothing and he wanted to have complete control over it. Now hes throwing a tantrum. This all comes back to block size, fees and network security.

Bitcoin was never meant to be free, freedom is not free and neither is Bitcoin.  As the block reward is cut in half again this Aug 2016 we will be facing further contraction of the mining community. This consolidation is the result of stagnating hardware deployment. Large corporate entities are restricting deployment of cutting edge mining gear to large farms and this is threatening the social economics of the Bitcoin mining network. By consolidating the best new hardware to only a few locations and reaping the majority of the rewards at lower cost our network as a whole is becoming antiquated.  But there is a solution, people don't like it but there is a solution and its the only way Bitcoin will survive. We need higher fees in the rage of 1 to 2 USD per transaction, that or to somehow grow our user base by a factor of 10 fold in the next seven months. We have run out of time the next block subsidy cut will only worsen the current situation, accelerating consolidation of the mining community until only one entity controls it all. We have been operating with a zero minimum transaction fee for years, its time to start paying for our network.

After we hit the 1MB limit (and I hope it comes as soon as possible) micro payments will be pushed off the network as fees rise and as a result more miners will reenter and reinvest in cutting edge hardware leading to a more stable, distributed, forward looking and vibrant mining community.

In time our community will grow allowing us to raise the block size, lower fees and allow micro payments once again and implement other features but we must work with the network we have now and not the network we hope to someday have. The Bitcoin community is entering troubled waters, to ensure our survival and reach our promised land we must grow our user base but we well never get the chance if our network collapses under its own wight first. We must be prepared for a long winter with slow growth. It may take us decades but our success is inevitable.  

its not a pipe dream if someone has to convince you that it is

Bitcoin is over. Give up the crack pipe and open our eyes.
BTC  @ $1000 is a pipe dream.

No, you don't know what will happen in the future.
2015 bitcoin lowest price is $2015，now the price is $420, up to $500,You don't know what will happen next, the bitcoin may reach 1000$.

What is his alt coin?

Mike you can fill this you know, after 9 january

https://99bitcoins.com/bitcoinobituaries/

I don't think bitcoin is dead or dying at all

I think this is for people to find excuses on to why bitcoin will fail or die out

They don't want to see bitcoin succeed