Topic: "Bitcoin is Dead" - Mike Hearn - page 25. (Read 17638 times)
Well thats me done selling all my coins ready for the dip.. Lets hope I can buy them back cheaper
One more good thing about Bitcoin: Even when a fork fails, it can be repaired!
Mike Hearn is a fucking disease
Mike Hearn is the Lucky7coin of crypto. A Trojan horse injected into our ecosystem by spear phishing greedy, credulous noobs.
It's nice that both of them have been relegated to history's heap of abandonware.
Mike Hearn is a fucking disease
I can't think of any reason why he would lie, so I'll just go with the assumption that he's telling the truth. Also, I can't think of a reason why developers would take such a decision lightly. In fact, if such decision was taken, it has to have some good sides to it. So now, why did they take such a decision? No matter how I look at it it looks extremely stupid. I can't think of any good reason. Does anyone know more than I do?
The "walk out of the shop and reverse my transaction" analogy from MH is a dramatic exaggeration.
He explains what he means further down in his post, it's about replace-by-fee.
Of course, Core devs haven't added a push button to allow tx reversal. That's just not the case. What they added is a possibility for someone who broadcast a transaction that hasn't been confirmed yet (i.e. zero conf) to re-broadcast it to someone else (as a side effect, the intended purpose is to reallocate tx fees), so current implementations who accept zero-conf payments would be broken.
By the looks of it, Mike Hearn is a complete retard. If Bitcoin is dead, then why is the price still so high. 
He wants people to buy into his BS so that they'll switch to his alt(?)coin, which will return him to the power he had back when he was part of the Bitcoin foundation and actually slightly meant something in the Bitcoin economy. (I do not know if he was on the foundation board but I would assume he was). The price is high because of confidence, and this is one of the most easily exploitable emotions in trading, and especially in the Bitcoin economy.
Just ignore him and let him spew whatever he wants, no-one cares about him anymore. He's washed up and trying to feel important again. Don't give him that luxury.
Now about the news itself I would have sold if I had known about it earlier, and maybe I should still now, but only to buy back when the price has gotten lower. Confidence is here. Bitcoin is still there, in a form that doesn't satisfy everyone but enough people to keep the value above certain prices.
Now I don't know the future. That piece of news could still have more impact on bitcoin than it has had until now (a $430 to $415 drop is nothing) but it will not kill bitcoin. Let's stop and be realistic a minute. In fact, if the price drops back to $400 because of this piece of news I might just buy like crazy.
There's just one thing that bugs me inside Mike Hearn's blog post:
Quote
Think about it. If you had never heard about Bitcoin before, would you care about a payments network that:
Allowed buyers to take back payments they’d made after walking out of shops, by simply pressing a button (if you aren’t aware of this “feature” that’s because Bitcoin was only just changed to allow it)
I can't think of any reason why he would lie, so I'll just go with the assumption that he's telling the truth. Also, I can't think of a reason why developers would take such a decision lightly. In fact, if such decision was taken, it has to have some good sides to it. So now, why did they take such a decision? No matter how I look at it it looks extremely stupid. I can't think of any good reason. Does anyone know more than I do? Allowed buyers to take back payments they’d made after walking out of shops, by simply pressing a button (if you aren’t aware of this “feature” that’s because Bitcoin was only just changed to allow it)
No one is talking about bitcoin anymore.
Ohh the irony of that statement ^
I dont see what so ironic brother. It's true. A lot of major players who were talking btc daily are now talking blockchains.
"no one" = at least Bobsurplus
Get a clue buddy
in conclusion just some good times to get more bitcoin for cheap
I mean this question sincerely: Who the fuck is Mike Hearn?
Good question. He came in on his white horse from Google and thought that he would become the new King of Bitcoin. He joined ranks with the previous King of Bitcoin
He has now moved out of the Kingdom to the hostile neighboring Kingdom
Quote
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 and quietly took a job at a new start-up.
Finally some good news!
Bitcoin Classic rolls out, and days later there is no word about it in the News Media.
Mike Hearn declares Bitcoin dead and within hours it is in the New York Times.....
http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
Mark my words: Bitcoin is getting ready to be in a fight for it's life.
On one side are the Blockstream/Core players. Liars, manipulators, shill, not afraid to destroy the fabric of Bitcoin with every bit of FUD they can dredge up - even if it kills bitcoin, but if they can't have total control, no one can.
On the other side you have Mike Hearn w/R3CEV/Hyperledger/Banks (AND Mainstream Media & Govt backing - don't forget that!)
We are at the start of a foot race to see who gets ready forst for the upcoming global financial meltdown.
It's pretty clear that Bitcoin Classic will prevail in the upcoming March Fork given the huge amount of support / concensus for it. But Blockstream seems to wat to make this a do or die fight, and they appear to be willing to destroy the good name of bitcoin if they don't get their way. The looming battle may be the perfect backdrop of confusion and chaos for a Fiat Coin to rise from the shadows, and with the help of Gov't & Media nods - be introduced to the masses.
Fasten your seatbelts kiddies.... this is going to be a wild ride. Right now I am betting 50% on Classic / 50% on Fiat Coin. Current 1mb Blockstream/Core Coin not even worth mentioning in my opinion. I see 0.001%.
Mike Hearn declares Bitcoin dead and within hours it is in the New York Times.....
http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
Mark my words: Bitcoin is getting ready to be in a fight for it's life.
On one side are the Blockstream/Core players. Liars, manipulators, shill, not afraid to destroy the fabric of Bitcoin with every bit of FUD they can dredge up - even if it kills bitcoin, but if they can't have total control, no one can.
On the other side you have Mike Hearn w/R3CEV/Hyperledger/Banks (AND Mainstream Media & Govt backing - don't forget that!)
We are at the start of a foot race to see who gets ready forst for the upcoming global financial meltdown.
It's pretty clear that Bitcoin Classic will prevail in the upcoming March Fork given the huge amount of support / concensus for it. But Blockstream seems to wat to make this a do or die fight, and they appear to be willing to destroy the good name of bitcoin if they don't get their way. The looming battle may be the perfect backdrop of confusion and chaos for a Fiat Coin to rise from the shadows, and with the help of Gov't & Media nods - be introduced to the masses.
Fasten your seatbelts kiddies.... this is going to be a wild ride. Right now I am betting 50% on Classic / 50% on Fiat Coin. Current 1mb Blockstream/Core Coin not even worth mentioning in my opinion. I see 0.001%.
You should also bet on Bitcoin forking out into two or maybe more stable blockchains. This scenario is getting more and more probable each day and maybe is not that bad after all.
Just another unpopular person who try to gain popularity? He's just nothing compared to all of bitcoin user,his comment will not affect anything so its just kind of useless news
how quickly the New York Times gets on this. Where were they for positive news. I believe that you are right that it is time to buckle up. He does have some valid points but this is a little nuts. Is it true that after walking out of a store you can reverse a bitcoin transaction from the seller??
how quickly the New York Times gets on this. Where were they for positive news. I believe that you are right that it is time to buckle up. He does have some valid points but this is a little nuts. Is it true that after walking out of a store you can reverse a bitcoin transaction from the seller??
wow! what a claim. bitcoin can't be dead so soon. no one can control it all. unless he will do unbelievable things over it. If he did He will be at war to all bitcoin users and believer.
I'm like part-time into bitcoin and I don't read a lot of news or a lot of anything, and I should. But I don't know who this guy is. Or why his opinion carries extra weight.
I'm like part-time into bitcoin and I don't read a lot of news or a lot of anything, and I should. But I don't know who this guy is. Or why his opinion carries extra weight.
No one is talking about bitcoin anymore.
Ohh the irony of that statement ^
tbh i think is talking more than ever
No one is talking about bitcoin anymore.
Ohh the irony of that statement ^
Oddly, people are talking more about Bitcoin than ever. For years I have been talking to people about it, now people are asking me since they recall I mentioned it in the past.
I agree that more noobs are talking bitcoin. But the major players, the smart investors. They aint singing the same tune that they were in 2012-2014.
No one is talking about bitcoin anymore.
Ohh the irony of that statement ^
Oddly, people are talking more about Bitcoin than ever. For years I have been talking to people about it, now people are asking me since they recall I mentioned it in the past.
No one is talking about bitcoin anymore.
Ohh the irony of that statement ^
I dont see what so ironic brother. It's true. A lot of major players who were talking btc daily are now talking blockchains.
No one is talking about bitcoin anymore.
Ohh the irony of that statement ^
A more detailed explanation here:
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.1o1e6hhgt
I like the way that he always speaks clearly, but his vision of bitcoin being a payment network is wrong, because people are not lacking of payment methods, and will never be in a world full of new mobile payment methods popping up every day. Bitcoin should focus on those areas that fiat money can not do. And he is a little bit impatient, the network will reach consesus when there are really measurable disruption, not some threat out of imagination
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.1o1e6hhgt
I like the way that he always speaks clearly, but his vision of bitcoin being a payment network is wrong, because people are not lacking of payment methods, and will never be in a world full of new mobile payment methods popping up every day. Bitcoin should focus on those areas that fiat money can not do. And he is a little bit impatient, the network will reach consesus when there are really measurable disruption, not some threat out of imagination
Bitcoin Classic rolls out, and days later there is no word about it in the News Media.
Mike Hearn declares Bitcoin dead and within hours it is in the New York Times.....
http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
Mark my words: Bitcoin is getting ready to be in a fight for it's life.
On one side are the Blockstream/Core players. Liars, manipulators, shill, not afraid to destroy the fabric of Bitcoin with every bit of FUD they can dredge up - even if it kills bitcoin, but if they can't have total control, no one can.
On the other side you have Mike Hearn w/R3CEV/Hyperledger/Banks (AND Mainstream Media & Govt backing - don't forget that!)
We are at the start of a foot race to see who gets ready forst for the upcoming global financial meltdown.
It's pretty clear that Bitcoin Classic will prevail in the upcoming March Fork given the huge amount of support / concensus for it. But Blockstream seems to wat to make this a do or die fight, and they appear to be willing to destroy the good name of bitcoin if they don't get their way. The looming battle may be the perfect backdrop of confusion and chaos for a Fiat Coin to rise from the shadows, and with the help of Gov't & Media nods - be introduced to the masses.
Fasten your seatbelts kiddies.... this is going to be a wild ride. Right now I am betting 50% on Classic / 50% on Fiat Coin. Current 1mb Blockstream/Core Coin not even worth mentioning in my opinion. I see 0.001%.
Mike Hearn declares Bitcoin dead and within hours it is in the New York Times.....
http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
Mark my words: Bitcoin is getting ready to be in a fight for it's life.
On one side are the Blockstream/Core players. Liars, manipulators, shill, not afraid to destroy the fabric of Bitcoin with every bit of FUD they can dredge up - even if it kills bitcoin, but if they can't have total control, no one can.
On the other side you have Mike Hearn w/R3CEV/Hyperledger/Banks (AND Mainstream Media & Govt backing - don't forget that!)
We are at the start of a foot race to see who gets ready forst for the upcoming global financial meltdown.
It's pretty clear that Bitcoin Classic will prevail in the upcoming March Fork given the huge amount of support / concensus for it. But Blockstream seems to wat to make this a do or die fight, and they appear to be willing to destroy the good name of bitcoin if they don't get their way. The looming battle may be the perfect backdrop of confusion and chaos for a Fiat Coin to rise from the shadows, and with the help of Gov't & Media nods - be introduced to the masses.
Fasten your seatbelts kiddies.... this is going to be a wild ride. Right now I am betting 50% on Classic / 50% on Fiat Coin. Current 1mb Blockstream/Core Coin not even worth mentioning in my opinion. I see 0.001%.
Wow how quickly the New York Times gets on this. Where were they for positive news. I believe that you are right that it is time to buckle up. He does have some valid points but this is a little nuts. Is it true that after walking out of a store you can reverse a bitcoin transaction from the seller??
Misery loves company....their beloved Wall Street has been tanking since January 1st....so they need to deflect attention elsewhere.
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