Topic: Bobby Lee's answers to the Bitcoin Foundation Board Election debate questions (Read 3009 times)
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
May 02, 2014, 06:31:52 PM
Noob question, but who exactly is funding the Bitcoin foundation?
May 02, 2014, 03:58:34 PM
OK... http://bitcoincharts.com/charts/btcnCNY#rg180ztgSzm1g10zm2g25zv - that's BTC China's 6-month chart, with volume bars. What am I looking for? (I'm seeing high volume around the December/January peak, and low - but fairly consistent - volume from late January onwards. Initial thoughts are that that's what I'd expect to see on any exchange - what am I missing?)
https://www.cryptocoincharts.info/v2/coins/graphicalComparisonOK, maybe their chart is inaccurate, however...
Now, that is interesting - thanks! LTC volume is far, far higher than I'd have expected. I'm not convinced the chart tells us more than that, however - if it was possible to drill down geographically, or by exchange... For now, though, I think grokking the LTC volume is going to be challenging enough for me... Thanks again!
May 02, 2014, 03:53:08 PM
OK... http://bitcoincharts.com/charts/btcnCNY#rg180ztgSzm1g10zm2g25zv - that's BTC China's 6-month chart, with volume bars. What am I looking for? (I'm seeing high volume around the December/January peak, and low - but fairly consistent - volume from late January onwards. Initial thoughts are that that's what I'd expect to see on any exchange - what am I missing?)
https://www.cryptocoincharts.info/v2/coins/graphicalComparisonOK, maybe their chart is inaccurate, however...
May 02, 2014, 03:32:05 PM
The 'Bitcoin' foundation, can hype and speak for other people as much as it wants, it will not change reality.
May 02, 2014, 03:27:18 PM
Well bitcoiners are detached from reality then. Look at how much volume it sucked out bitcoin in various exchanges like btc-e okcoin btcchina etc... You must not be serious that there will not be consequences. let alone people me that dont want to take this serious and build stuff for bitcoin. There are so many consequences including loss of confidence in the ecosystem and that is reflected on the price.
I'm in the same unhip, behind-the-times boat as Siegfried - your theory is a new one for me. Up 'til now I think most people were working on the assumption that the Chinese exchanges have been losing volume because the People's Bank of China has made it nigh on impossible for people to get money in and out of exchanges.OK... http://bitcoincharts.com/charts/btcnCNY#rg180ztgSzm1g10zm2g25zv - that's BTC China's 6-month chart, with volume bars. What am I looking for? (I'm seeing high volume around the December/January peak, and low - but fairly consistent - volume from late January onwards. Initial thoughts are that that's what I'd expect to see on any exchange - what am I missing?)
May 02, 2014, 03:17:08 PM
Well bitcoiners are detached from reality then. Look at how much volume it sucked out bitcoin in various exchanges like btc-e okcoin btcchina etc... You must not be serious that there will not be consequences. let alone people me that dont want to take this serious and build stuff for bitcoin. There are so many consequences including loss of confidence in the ecosystem and that is reflected on the price.
I'm in the same unhip, behind-the-times boat as Siegfried - your theory is a new one for me. Up 'til now I think most people were working on the assumption that the Chinese exchanges have been losing volume because the People's Bank of China has made it nigh on impossible for people to get money in and out of exchanges. May 02, 2014, 03:10:41 PM
Well bitcoiners are detached from reality then. Look at how much volume it sucked out bitcoin in various exchanges like btc-e okcoin btcchina etc... You must not be serious that there will not be consequences. let alone people me that dont want to take this serious and build stuff for bitcoin. There are so many consequences including loss of confidence in the ecosystem and that is reflected on the price.
I'm in the same unhip, behind-the-times boat as Siegfried - your theory is a new one for me. Up 'til now I think most people were working on the assumption that the Chinese exchanges have been losing volume because the People's Bank of China has made it nigh on impossible for people to get money in and out of exchanges. May 02, 2014, 03:04:52 PM
This is the first time I have heard the theory that exchanges accepting Litecoin has caused the market to decline.
But this is definitely not the last time. I personally sold significant part of my bitcoin holdings due to growing support of "Bitcoin number 9" aka Litecoin. April 28, 2014, 12:10:25 AM
I think he is a good candidate. China is rising, I want to know what people there think about bitcoin and how they deal with bitcoin.
April 27, 2014, 11:38:37 PM
Well bitcoiners are detached from reality then. Look at how much volume it sucked out bitcoin in various exchanges like btc-e okcoin btcchina etc... You must not be serious that there will not be consequences. let alone people me that dont want to take this serious and build stuff for bitcoin. There are so many consequences including loss of confidence in the ecosystem and that is reflected on the price.
April 27, 2014, 11:35:00 PM
Because the market tells you that. Since btcchina announced litecoin the value declined 40% . Simlar effects had been when other exchanges announced that. People getting caught in hina ban/unban explanations but a strong market would have recovered. There is a loss of confidence by many that services will add any other altcoin hyped in the future diluting the value of bitcoin and that is reflected on the price. That is what the price signals indicate. I wanted to build some bitcoin use cases myself but got discouraged by all these and just feel being the greater fool now.
This is the first time I have heard the theory that exchanges accepting Litecoin has caused the market to decline.
April 27, 2014, 11:22:46 PM
Because the market tells you that. Since btcchina announced litecoin the value declined 40% . Simlar effects had been when other exchanges announced that. People getting caught in hina ban/unban explanations but a strong market would have recovered. There is a loss of confidence by many that services will add any other altcoin hyped in the future diluting the value of bitcoin and that is reflected on the price. That is what the price signals indicate. I wanted to build some bitcoin use cases myself but got discouraged by all these and just feel being the greater fool now.
April 27, 2014, 10:49:08 PM
You know why bitcoin cannot go mainstream? Because of cryptocurrency fragmentation. Bobby Lee is an example of a person causing that. Bitcoin needs leadership in pushing services focus on bitcoin for mainstream and Bobby lee showed he is the worst person for that.
Why?
April 27, 2014, 10:19:31 PM
You know why bitcoin cannot go mainstream? Because of cryptocurrency fragmentation. Bobby Lee is an example of a person causing that. Bitcoin needs leadership in pushing services focus on bitcoin for mainstream and Bobby lee showed he is the worst person for that.
April 27, 2014, 07:03:02 PM
Answers were well thought out.
April 27, 2014, 06:40:05 PM
I like to give credit to his vision. I agree that the current bitcoin foundation does nothing and I hope he will change that. good luck.
April 26, 2014, 12:36:56 PM
erm nope, keep the foundation out of Bitcoin development. I don't want a group of shysters making dictates through their control of a GitHub repository.
that's exactly what they want and why they've looped Gavin in from day 1 to give them a sense of legitimacy for this private gentlemen's club that furthers corporate interests (not the interests of users).
that's exactly what they want and why they've looped Gavin in from day 1 to give them a sense of legitimacy for this private gentlemen's club that furthers corporate interests (not the interests of users).
April 26, 2014, 06:22:05 AM
This may be a silly question, please bear with it.
I read the following on the webpage, but can anyone tell me what exactly has the bitcoin foundation done in the last year?
I read the following on the webpage, but can anyone tell me what exactly has the bitcoin foundation done in the last year?
Quote
Freeing People to Transact on Their Own Terms.
Bitcoin Foundation standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide.
Bitcoin Foundation standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide.
April 26, 2014, 06:16:16 AM
Bobby is a good choice in my opinion.
April 26, 2014, 06:10:21 AM
Though there has been numerous perspectives on how well Bitcoin Foundation has been run, I must say that without the Bitcoin Foundation, our industry would not have come so far in just a few short years. Bitcoin Foundation deserves a lot of credit, yet we all know there is plenty of room for improvement.
I have to disagree with you there Bobby. Many of us believe that so far, that the Foundation has done nothing except further their own interests. Also the Foundation's environment of secrecy flies in the face in the spirit of the openness of Bitcoin.
Bobby, the questions I have for you is "what are you going to do to change the way the foundation operates and how are you going to change the public's perception?"
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