Cirlce CEO blame openly bitcoin devs in WSJ - page 2.

DooMAD

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Leave no FUD unchallenged

Circle are a "Bitcoin Powerhouse"? Pffft. Please. Roll Eyes

Enough people were reasonably skeptical of their service from the offset for this not to be a huge surprise. They had a flashy launch and plenty of hype, but at the end of the day, they were just another centralised service who hold the private keys for the funds of their users. They saw Bitcoin as nothing more than a vehicle to make them fiat profits and now they're all pissy because their product was a barely average clone of every other centralised service out there. They couldn't compete and now they want to shift the blame for their own pathetic failure.

chek2fire

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Ιntergalactic Conciliator

as a reminder this guys is the same ppl that pump this Wrightamoto story before some months. They always act like they want to harm bitcoin and destroy it. I cant really imagine why they involved with bitcoin as it is out of their business model from the beginning

Itty Bitty

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I would have been willing to pay a larger buy/sell spread on BTC buy/sell, they never even tried. Not everything adds up here.

chek2fire

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Quote from: RawDog on December 07, 2016, 04:44:57 PM

Quote from: chek2fire on December 07, 2016, 04:20:01 PM

Today Circle announce that will stop to sell bitcoins from their site and it seems that they choose to separate themselves from Blockchain technology and Bitcoin. Is good for them that they find that can work better like Paypal or Alibaba with a central controlled database server.
But the sad is that his CEO blame openly bitcoin developers to an WSJ article about this.
He say:

Quote

“The story is one of essentially gridlock amongst core developers, while mainstream companies are using this technology,We’ve been deeply frustrated with that lack of progress, and we want to move it forward.”

http://www.wsj.com/articles/bitcoin-powerhouse-will-pull-the-plug-on-bitcoin-1481104800

i like to ask if anyone involved in this company. How someone like Circle can blame bitcoin when they have not invest a single Bitcoin or single dollar to Bitcoin protocol? When they have not pay a single bitcoin dev?
As a reminder this guy and i mean CEO of Circle is very hostile to Bitcoin. In a recent tweet he says that in 5 years no one will remember Bitcoin.
I have my doubts if anyone will remember them....

Circle is right. The gridlock at Core is insane. Many companies have abandon the idea of using bitcoin because Blockstream has taken over, prevented 4MB blocks and severely limited tx throughput. The network is fucked now. Circle is not the only one. Many other companies (not all have over $100 million like Circle) are leaving the blockchain because their project is not a settlement project. In the present state, bitcoin is only good for settlement and store of value. Everything else is dead. Core ruined it with their stupid gridlock. It was not necessary to prevent 4MB blocks.

and why they not upgrade to segwit to have x2 block size?

franky1

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the thing is that circle is making more profit swapping fiat. bitcoin is a small insignificant income for them.

many businesses are seeing that bitcoin <-> fiat is dropping off, while costs of trying to keep it running is increasing.
bitcoin has stagnated, which the bankers are loving.

circle calculated the legal costs of getting a similar subpoena that coinbase got outweighs the funds they make from it.

especially when circles costs to even do it are higher (they accept visa/mastercard=high chargeback risk and high merchant service charge)

circle in my view was never a big player in the bitcoin game. just a big player in the MEDIA game so they can get VC money.

RawDog

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Quote from: chek2fire on December 07, 2016, 04:20:01 PM

Today Circle announce that will stop to sell bitcoins from their site and it seems that they choose to separate themselves from Blockchain technology and Bitcoin. Is good for them that they find that can work better like Paypal or Alibaba with a central controlled database server.
But the sad is that his CEO blame openly bitcoin developers to an WSJ article about this.
He say:

Quote

“The story is one of essentially gridlock amongst core developers, while mainstream companies are using this technology,We’ve been deeply frustrated with that lack of progress, and we want to move it forward.”

http://www.wsj.com/articles/bitcoin-powerhouse-will-pull-the-plug-on-bitcoin-1481104800

i like to ask if anyone involved in this company. How someone like Circle can blame bitcoin when they have not invest a single Bitcoin or single dollar to Bitcoin protocol? When they have not pay a single bitcoin dev?
As a reminder this guy and i mean CEO of Circle is very hostile to Bitcoin. In a recent tweet he says that in 5 years no one will remember Bitcoin.
I have my doubts if anyone will remember them....

Circle is right. The gridlock at Core is insane. Many companies have abandon the idea of using bitcoin because Blockstream has taken over, prevented 4MB blocks and severely limited tx throughput. The network is fucked now. Circle is not the only one. Many other companies (not all have over $100 million like Circle) are leaving the blockchain because their project is not a settlement project. In the present state, bitcoin is only good for settlement and store of value. Everything else is dead. Core ruined it with their stupid gridlock. It was not necessary to prevent 4MB blocks.

chek2fire

legendary

Activity: 3430

Merit: 1142

Ιntergalactic Conciliator

Today Circle announce that will stop to sell bitcoins from their site and it seems that they choose to separate themselves from Blockchain technology and Bitcoin. Is good for them that they find that can work better like Paypal or Alibaba with a central controlled database server.
But the sad is that his CEO blame openly bitcoin developers to an WSJ article about this.
He say:

Quote

“The story is one of essentially gridlock amongst core developers, while mainstream companies are using this technology,We’ve been deeply frustrated with that lack of progress, and we want to move it forward.”

http://www.wsj.com/articles/bitcoin-powerhouse-will-pull-the-plug-on-bitcoin-1481104800

i like to ask if anyone involved in this company. How someone like Circle can blame bitcoin when they have not invest a single Bitcoin or single dollar to Bitcoin protocol? When they have not pay a single bitcoin dev?
As a reminder this guy and i mean CEO of Circle is very hostile to Bitcoin. In a recent tweet he says that in 5 years no one will remember Bitcoin.
I have my doubts if anyone will remember them....

Topic: Cirlce CEO blame openly bitcoin devs in WSJ - page 2. (Read 1386 times)