Topic: Has Mike Hearn joined the wrong side of the force? (Read 1668 times)

Which reminds me...  It's showing this friday!!!!  Yaaaaay!

Black guy is Luke Skywalker's son!  You heard it hear first.

Because the light side kicked him out.  Now he's out for blood.

DAN DAN DAN, DAN DADAN DAN DADAN...

That is very well possible indeed. However, we've prevented him from hurting Bitcoin and that is a good thing. We need to fight off bad actors whenever we can. It is time to forget about Hearn.

in real life, you need a job.
in real life, normal and trusted people develop on bitcoin for free and repair car for cash.

but real life is cheated by helicopter paper money ... for rich only.

Lighthouse? As in the level 3 competitor?

+1

Banks are desperately scrambling to find a way to incorporate the techonology behind Bitcoin into their tired old system. Eventually, they can claim to be a safer way to use Bitcoin. When the world sees our people defect to help them it's a statement against Bitcoin. I don't think that bastard ever really cared about anything but his own success.

The main and possibly only reason that they are focusing on Blockchain technology and highlighting it everywhere is because they don't want Bitcoin to succeed. In other words, they're working against Bitcoin.

another one bites the dust...

https://en.bitcoin.it/wiki/Genesis_block



indeed banks don't want to use Bitcoin because it doesn't fit their nasty fractional-reserve banking system but they want to use the Blockchain technology instead to support their nasty fractional-reserve banking system.

Your post suggest Mike Hearn will now work against Bitcoin, which I think is false. Working for banks to help them find solution for their in-house blockchain does not imply he works against Bitcoin. Hopefully he finds some spare time to improve Bitcoin as well.

He sure has an incredible mind, but everyone does mistakes. I really hope he can still work for the good of Bitcoin and people get past of being "angry" with him due to his involvemente in XT.

Your completly right, banks are just interested how to settle transaction between themselves in most economical way, no more possible under current laws.

The only bad part their research into the matter is not open source project with results available freely to the mankind.

Hearn can do whatever he wants. If he thinks a project/technologies needs a dictator, well let him do so.
Fact is his XT crap failed.He wasn't able to fool the bitcoin community.And that is good. Maybe now he tries to fool the banks.
Hearn just loves himself and only sees himself as the one and only.
He might hate us and bitcoin core with a passion now and maybe he believes to have ascore to settle with us, who knows.
But if he believes to find his paradise with the banks now, I'm sure he will fail another time, because they will dictate him what to do and not the other way around.

Yeah. I got the same opinion from reading that description. It seems like they are praising him way more than they should. At least now (hopefully) we are rid of him. Bitcoin never needed people like him. I actually feel sorry for them; they've yet to see what kind of person he exactly is.

No.

I concur.

There will be not never a centralized bitcoin. Or at least something like you imagine. R3 is working to apply the peer to peer for the use in most of the big commercial banks of the world. But never to create another digital coin or worst, to create another bitcoin. In the worst of case they could create a centralized clone of bitcoin but not bitcoin. And this if they wanted to do such thing. But as i told above their interest (the interest of the commercial banks) is to use the technology behind blockchain (peer to peer) to reduce the cost of overall actual and future operations regarding all the normal activity of an commercial bank. But here their aim stops. They cannot create a digital coin even if wanted this thing. They have not the right to do so. The creation of the money within a country, by law, is an inalienable right only of the Central Bank of every country. This is the first thing. The second is even more convincing. Can you imagine (if possible) what can happen if every commercial bank had its coin? Or even every coin for every group of banks? The minimum it will be a big mess. The maximum the not use of those by no one because of costs. If I want to send money (coins) from one bank to another which have another coin and want to promote it, for sure will be obligated to pay big fees for the coin I am sending and is not the coin of the bank which will receive it. Then this my coin may be changed in other currency in which must be used. Other money spent for a very probable unfavorable exchange by the host bank. Then why use such coins?

So you can sleep without problems. Any kind of digital coin will (cannot) be produced by any commercial bank served by R3.

As for Mike Hearn I think that everyone has the right to do what he think is better for him. With only one condition. To not harm anyone. And Mike are not harming anyone with his choice.

Mike coined the word "SPV" => "SPV" first appeared in the whitepaper => He is the author of the whitepaper => He invented Bitcoin.

It doesn't matter much in my opinion he was just a burden to bitcoin and I am relieved that he left.

I agree, this description of Hearn's has other misdirections and falsehoods.

The pioneers of smart contracts were obviously Nick Szabo, for theoretical basis, and the first working prototype smart contracts platform was fellowtraveller's Open-Transactions and then Ethereum ... Lighthouse was definitely after these, and is too limited to be referred to as a "smart contracts pioneer".

Mike Hearn was always to the dark side of The Force