correct me if I am wrong:
1) complained bitterly that people did not listen to him, and that no one in bitcoin land follows orders / instructions.
It is my understanding that bitcoin is supposed to be decentralized? so if you want to win people over you need to do it because they as a whole think your solution is better? you cannot just make them listen to you because "you know better" ?
Bitcoin is decentralized network, but development has been very centralized.
There has been one main repository ("core") which almost everyone has
been relying on to publish code updates.
It is not just Mike Hearn who thinks that we need bigger blocks.
Gavin, Jeff Garzik, and a whole slew of industry leaders and
miners also think we need bigger blocks... Yet core has refused
to deliver that.
2) claims bitcoin is dead because it doesn't scale up from 1MB, etc
I don't understand the bitcoin technical aspects very well, but here is my understanding - lets see there were too many transactions for a week in a row, and all the miners and others realized "ah crap we need to increase that limit", how hard could it possibly be to change the current code from 1mb to 2mb? does't seem like that would be difficult at all? if so again, what is this guy moaning about?
The coding change is not difficult...but getting consensus is... Everyone has
to be running the same copy of Bitcoin more or less.
The main problem with getting consensus around a blocksize increase
is because "core" has an entrenched authority since they control the
core repository that everyone has been using and have been trusted
historically... yet they are the ones stonewalling the change...
and the fact that the same guys in "core" started a private company (Blockstream)
in the business of "blockchain technology" created a huge conflict of interest
for them which compounds the problem.
3) bitcoin is a failed experiment
For a failed experiment, I seem to have no problem spending bitcoins on stuff, so far I have bought over $500 000 of physical goods with bitcoin. How is that a failure?
And PS to Mr. Mike , you complain that you want to leave for a professional environment, but you leave bitcoin with the maturity of a 2 year old. Look in the mirror very carefully.
Well, I agree that Bitcoin isn't "failed". It will rise again.
I actually appreciate Mike leaving Bitcoin in the way
he did and bringing certain issues to light....
Hopefully it will be a wakeup call for us
to reach consensus on a blocksize increase sooner
rather than later.