Topic: Hearn's "Faith in Humanity Shaken" after People Awaken to His EVIL Plan! - page 5. (Read 6015 times)

care to provide a transaction id

*sigh* another thread pandering fear and doubt.

Bitcoin was never meant to be free, freedom is not free and neither is Bitcoin.  As the block reward is cut in half again this Aug 2016 we will be facing further contraction of the mining community. This consolidation is the result of stagnating hardware deployment. Large corporate entities are restricting deployment of cutting edge mining gear to large farms and this is threatening the social economics of the Bitcoin mining network. By consolidating the best new hardware to only a few locations and reaping the majority of the rewards at lower cost our network as a whole is becoming antiquated.  But there is a solution, people don't like it but there is a solution and its the only way Bitcoin will survive. We need higher fees in the rage of 1 to 2 USD per transaction, that or to somehow grow our user base by a factor of 10 fold in the next seven months. We have run out of time the next block subsidy cut will only worsen the current situation, accelerating consolidation of the mining community until only one entity controls it all. We have been operating with a zero minimum transaction fee for years, its time to start paying for our network.

After we hit the 1MB limit (and I hope it comes as soon as possible) micro payments will be pushed off the network as fees rise and as a result more miners will reenter and reinvest in cutting edge hardware leading to a more stable, distributed and forward looking, vibrant mining community.

In time our community will grow allowing us to raise the block size, lower fees and allow micro payments once again and implement other features but we must work with the network we have now and not the network we hope to someday have. The Bitcoin community is entering troubled waters, to ensure our survival and reach our promised land we must grow our user base but well never get the chance if our network collapses under its own wight first. We must be prepared for a long winter with slow growth. It may take us decades but our success is inevitable.  

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

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.

Someone who could very well be Satoshi said:

Reminds me of Hari Seldon in the Isaac Asimov books. As a pleb I dont know what to make of it all, birthing pains and/or abortion. Crawls back to the comfortable darkness.

this will sort itslef out either by fork or not. I am not that worried.

cuo bono for MH to make such a public commentary though.

lol at the circle jerk in this thread.

actually this forum is now only full of idiots.

Wonder where the old timers go?

Thank you Thermos.

FTFY

The wannabe benevolent dictator failed with XT and now he wants to blame hackers for it's demise.   What did he expect would happen if you try to sneak some code into a BIP proposal? Did he think nobody will notice? He worked at Google with a traditional business management structure and he could not adapt to the free flow consensus structure.

He wanted to be the boss, and it failed and now he wants to be the victim, taking lonely walks in the park at night, pondering the strategy to take revenge and badmouthing Bitcoin in the media. This is where Gavin is different, because he did not turn his back on Bitcoin.

Spreading FUD in the media will not restore his reputation.  

Again, said it in other threads, will say it again now, he just wants to feel important again. His wants to bad-mouth Bitcoin and be a dick about it because he isn't relevant anymore. The Bitcoin foundation broke up, and now he's just a normal person.

It's a sad factor of human nature, but a very true factor, that he has to say bad things so people will look at him again and he'll get his mental superiority complex back on track.

Ignore him, he wants this to happen but it is not going to and thus there is no reason to give it any more attention. He's over and done with, and just looking for attention.

Happens with every company, every stock, and every aspect of society. He's nothing new.

Time to short da Bitcoin.
Who's shorting with me?

Great! thanks,  I get it.  Given that China holds the most Bitcoin and does the most mining he had to have been crazy to say those things - or else this is some kind of plan to give BTC bad press.

[Non-technical explanation]

Fixing the blocksize does not require check-pointing and circumventing traditional means of consensus. Mike Hearn intended to force a change in bitcoin's behavior (hard fork) using a term he called the "economic consensus." This term can be used interchangeably with the word "banks."

Mike thought all he needed was banker-owned Coinbase (and perhaps Bitpay) to support his "bitcoin frankenstein" and the fork would proceed. His attitude was - screw mining consensus - and screw the miners in China. There is even a video on YouTube of him saying that, "if the Chinese miners don't like it, they should start their own Altcoin."

These types of statements, intentions, and beliefs are dangerous, and certainly not in the spirit of Satoshi's bitcoin.

a normal attitude. he cashed out the BTC and he is living the life. he tried to "make" something(more cash) and he did not succeed.
nobody cares about BTC future or similiar shitsy. The cash is the most important  

Then:
I think you missed my point.

count me in on wanting to hear from old school bitcoiners.  I do not know enough technically about some of the issues he brings up to understand 100% of it.

Love to hear the old-timers' opinions.  It's only been like 6 years, but 2009 seems so long ago in bitcoin-time. 

My faith in humanity has already been shaken and that's why I don't leave my abode much.  I shall make this my reading for tonight--I didn't know who Mike Hearn was and why all these threads had been created based on what he's been spouting.  Oh well, people come and go.

At this point I have no idea what to believe.

Someone please hold me.

Lol "fiat coin"  hughwotmeigh? Unless you can enlighten me i don't see the threat.