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Topic: Hearn's "Faith in Humanity Shaken" after People Awaken to His EVIL Plan! - page 4. (Read 6012 times)

legendary
Activity: 2786
Merit: 1031
I haven't been following much of Bitcoin for a while now. Is what I read true that the Bitcoin network has lots of congestion and that transactions take too long?

Yeah from what I've read bitcoin is many years away starting to even have a problem with this. Then once it starts having "congestion" it will be many years before it's even noticable.

then you should stop reading about it and start actually using bitcoin and you'll see the problem is today not in "many years"...
full member
Activity: 140
Merit: 100
I haven't been following much of Bitcoin for a while now. Is what I read true that the Bitcoin network has lots of congestion and that transactions take too long?

Yeah from what I've read bitcoin is many years away starting to even have a problem with this. Then once it starts having "congestion" it will be many years before it's even noticable.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
[Non-technical misrepresentation]

...

FTFY

Which part is misrepresented exactly? I think everything I stated can documented.  Roll Eyes

Let us start with you defending the claim that his use of the term "economic consensus" is equivalent to "banks".

Your claim that he thought coinbase and bitpay constituted enough hash power to trigger the XT fork is laughable on its face.

Next, let s discuss your implied claim that he meant to do harm to miners.
newbie
Activity: 50
Merit: 0
The best thing we can do now is just stop giving this punk 'air time'. This is what he wants, the entire community talking about him.

The sooner he's forgotten about the better. He's just a minor speed bump in bitcoin's journey but we've driven over him now, let's not even look at him in the rear view mirror.

+1
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
The best thing we can do now is just stop giving this punk 'air time'. This is what he wants, the entire community talking about him.

The sooner he's forgotten about the better. He's just a minor speed bump in bitcoin's journey but we've driven over him now, let's not even look at him in the rear view mirror.
legendary
Activity: 3248
Merit: 1070
tell that to those who are already losing a lot of money.

BTC lost 60 USD in few hours. it's a huge loss. Smiley

what i don't like it's not the loss itself, it's the fact that bitcoin can lose so much value in no time because of one stupid drama

this maybe is not a big problem now, but what if when bitcoin will be fully adopted? going, for example, from 100k, to 70k sounds not good at all
newbie
Activity: 50
Merit: 0
I guess we are all doomed.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
BTC lost 60 USD in few hours. it's a huge loss. Smiley

Turn on your TV.  The markets are melting.  Again.

Oil down to $29.50, a 12 year low.

Blockstream's fault.  Obviously.

Dow down 400.

Why, thermos, why?   Cry
hero member
Activity: 924
Merit: 1005
4 Mana 7/7
tell that to those who are already losing a lot of money.

BTC lost 60 USD in few hours. it's a huge loss. Smiley
Eh cryptsy dump? Hearn's feeling doesn't mean crap
hero member
Activity: 1456
Merit: 567
This guy took a job as a banker shortly after. Just ... remember that.

wouldn't you take a such job and to earn a lot of money? Smiley

its not the taking the job or leaving bitcoin is the problem. He purposedly said all kind of bad things about bitcoin one sided.
Its kinda obvious that he wants bitcoin to fail. Because?... back to my first post.
legendary
Activity: 1470
Merit: 1004
tell that to those who are already losing a lot of money.

BTC lost 60 USD in few hours. it's a huge loss. Smiley
legendary
Activity: 1638
Merit: 1001


Hearn's article is almost entirely inaccurate/misleading FUD.

It's possible that there will be some turbulence if we can't scale fast enough, but the Core devs have a plan that I think will probably alleviate problems in the short-term, and will almost certainly allow for massive scaling in the long-term. This plan includes an effective max block size increase to 2 MB in ~April. If any serious problems occur, it will be due to altcoins-in-disguise like XT and Classic trying to move Bitcoin development from something based on technical merit to something based on dictatorship or popularity.



Highlighting the weasel words and italicizing the hand-washing.
legendary
Activity: 1470
Merit: 1004
This guy took a job as a banker shortly after. Just ... remember that.

wouldn't you take a such job and to earn a lot of money? Smiley
legendary
Activity: 883
Merit: 1005
copy paste from part of Hearns rant

That’s when the denial of service attacks started. The attacks were so large that they disconnected entire regions from the internet:

    “I was DDos’d. It was a massive DDoS that took down my entire (rural) ISP. Everyone in five towns lost their internet service for several hours last summer because of these criminals. It definitely discouraged me from hosting nodes.”



LOL! may the Ddos be with you.

----------------
I look forward to the coming Ddos wars
hero member
Activity: 1456
Merit: 567
This guy took a job as a banker shortly after. Just ... remember that.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)

It's possible that there will be some turbulence if we can't scale fast enough, but the Core devs have a plan that I think will probably alleviate problems in the short-term, and will almost certainly allow for massive scaling in the long-term. This plan includes an effective max block size increase to 2 MB in ~April. If any serious problems occur, it will be due to altcoins-in-disguise like XT and Classic trying to move Bitcoin development from something based on technical merit to something based on dictatorship or popularity.


I haven't watched this drama unfold in a while so its productive to see some discussion was occurring off chain.
It's sad to see a Core Dev part ways but Bitcoin moves forward, 2MB is achievable by nodes and balancing halving with transaction fees becoming the next incentive for miners is a part of Bitcoins experiment only time will tell what choices were correct in the end.

Adding since no link was mentioned in Theymo's post
https://bitcoin.org/en/bitcoin-core/capacity-increases-faq


Wonder where the old timers go?


Various places as a means to filter out the noise but they are around just lurking Smiley
hero member
Activity: 490
Merit: 500
I do not quite understand, this will be compared to the impact of bitcoin?  Huh
look like, people are very passive in the face of it   Sad
legendary
Activity: 1652
Merit: 1007
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Mike Hearn is an ass. It s obvious he got out of crypto after this plan d failed.

In other words, if he cant have it, he s gonna trash-talk it so nobody else can have it.

Big time ass.
hero member
Activity: 826
Merit: 501
2local[IEO] - https://2local.io/
I haven't been following much of Bitcoin for a while now. Is what I read true that the Bitcoin network has lots of congestion and that transactions take too long?

No.  I received a 0 fee transaction last night without any delay in confirming.

care to provide a transaction id
It happens to me as well. If the transaction has higher level priority (means input amount is larger than 0.1BTC and coin age is high) Then regardless of how much of fees you included, the transactions will be includded in the next few blocks.https://en.bitcoin.it/wiki/Transaction_fees
legendary
Activity: 3248
Merit: 1070
he will buy those coins again for cheaper, and anyway it does not mean anything, he can do what he believe to do with his money, bitcoin is here to stay no matter what a single man believe and it does not matter his position

bitcoin is decentralized remember, and satoshi went  away to not be seen as the ceo of bitcoin, still all good
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