Mike Hearn has received a lot of backlash for saying this already. But I find the document where bitcoin company CEOs signed to show support towards BIP101 worrying. It's almost like Mike pushed it's publishing to try and make his view seems more rational. It was just days after this
document's release that BIP100 support became so rampant by big pools.
Mike's argument that the
economic majority of bitcoin isn't opposing his approach for bigger blocks is in fact baseless. You can't simply exclude miners from something referred to as bitcoin's economic majority. Miners are a huge part of bitcoin's ecosystem, they allow manufacturers of mining equipment to be viable by creating demand, they trade bitcoin on a daily basis. Miners are in fact a huge portion of bitcoin's economic majority and play a role in most sectors of the industry.
I'm glad that the overwhelming majority shows no sign of wanting to embrace Mike and Gavin's BIP101. BIP100 support could probably be interpreted as a vote specifically against bitcoinXT and BIP101. And that's perfectly justified. Mike Hearn shows absolutely no remorse about his statements against China. He was making such statements at a time that Chinese pools and ventures operated more than 50% of the total hashrate. BIP100 seems like a very modest proposal when compared to the radicality of Mike Hearn's and gavin Andresen's work. Furthermore, Jeff Garzik seems like a very rational individual and has shown no signs of inability to reason so far.
Small wonder Mike's co-conspirators at Circle are among the XT assclowns. When
[email protected] says "jump" the MBA frat boys of SandHillRoad ask "how high?"
Bitcoin is not going to be designed, much less governed, by VC ratfuckers looking for a shiny new centralized payment rail to
replace supplant PaypalVisaSquare.
It's so precious Heam thinks Bitcoin's compliance-mongering wanna-be gatekeepers (*cough* CoinBase/Circle/Etc *cough*) are in any way related to our socioeconomic majority.
The question was "XT?"
The answer from the miners is "NACK." That's why BIP100 is already >50%. Even vaporware is better than Heam's checkpoint dictatorship.
The answer from the market is "NACK." That's why the price is down ~$100.
The only thing more hilarious than how Fukkin Rekt
® XT has gotten is the denial of its loyalist dead-ender Gavinista fanboys!
Watching them bitterly cling to the remnants of their failed governance coup is the funniest thing I've seen since the days of the "XT Manifesto" (*snicker*).