Why One Bitcoin Core Developer Thinks Cryptocurrencies Have A Dreadful Future - page 2.

Adam_Allcock

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Quote from: InceptionCoin on April 16, 2015, 02:54:02 AM

Quote from: Amph on April 16, 2015, 02:27:15 AM

i don't see any other reason for his negativity other than buy cheap coins, a core dev should encourage the adoption(not but telling the false of course, we all know that bitcoin is in a despair phase) but a dev, should talking about addressing bug/problem related to btc, instead of "fudderising" it

He isn't your employee. He is writing new code for bitcoin for free, so he didn't take any obligations to us. Why do you think that you can speculate about btc future and he shouldn't?

Speculation is fine but dont FUD. The fact that he is core developer means he should have passion in his work..... Sounds like he is into cryptocurrency because it is a "trend" "big thing" so he can be known on interweb. Otherwise he is just a programmer among millions.

He is ready to be hired for working on a new coin. Atleast go with dignity and keep your speculation to yourself.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: InceptionCoin on April 16, 2015, 02:54:02 AM

Quote from: Amph on April 16, 2015, 02:27:15 AM

i don't see any other reason for his negativity other than buy cheap coins, a core dev should encourage the adoption(not but telling the false of course, we all know that bitcoin is in a despair phase) but a dev, should talking about addressing bug/problem related to btc, instead of "fudderising" it

He isn't your employee. He is writing new code for bitcoin for free, so he didn't take any obligations to us. Why do you think that you can speculate about btc future and he shouldn't?

Think of all Bitcoin holders as business stockholders because they own a piece of the Bitcoin system. Trusted stockholders and officers are required by law to act in the best interest of corporations. While there is no such law for Bitcoin, the reasons for those law are just as valid in a decentralized business entity. The value of Bitcoin doesn't grow through earnings, it grows through deflation.

Hazir

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★Nitrogensports.eu★

I share his opinions on many things. I also think that the Biggest Threat to Bitcoin is Government, altcoins are not worth our time, bitcoin foundation was great idea however we all know how this project ended.
Overall his concerns are not that severe as I expected them to be.

InceptionCoin

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Quote from: Amph on April 16, 2015, 02:27:15 AM

i don't see any other reason for his negativity other than buy cheap coins, a core dev should encourage the adoption(not but telling the false of course, we all know that bitcoin is in a despair phase) but a dev, should talking about addressing bug/problem related to btc, instead of "fudderising" it

He isn't your employee. He is writing new code for bitcoin for free, so he didn't take any obligations to us. Why do you think that you can speculate about btc future and he shouldn't?

tokeweed

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Life, Love and Laughter...

Quote from: ?? on ??

Quote from: cbeast on April 16, 2015, 12:06:22 AM

Quote from: Lauda on April 15, 2015, 11:58:55 PM

Quote from: cbeast on April 15, 2015, 11:52:20 PM

Quote from: ?? on ??

Readers need to remember one thing:
Peter Todd is a 30 yrs old programmer.
He lack life experience and credential to talks about other aspect of bitcoin. He should stick to the technical aspect.

That can be said about a number of devs. Some of them grow wiser, some of them become FUDsters for the press.

Why does the age matter here? It's more common for older people to stick with their beliefs, rather than accept something new. He might not have experience and thus shouldn't be predicting the future.
He shouldn't definitely be talking in a wrong way about this, because his job is to code for a cryptocurrency. The part about TBF is correct though.

What does old age have to do with beliefs? Wisdom is the perspective created by large collection of truths. Learning takes time. Life is OJT.

Case in point: The media reach out to him because they will use his title as a persuasive voice for their article. "a core developer of bitcoin must have known something about bitcoin right? " technical aspect yes, but not any other aspects. Hes used for the hits of the site, nothing more. Live and learn.

I'm sure he can code much better than Satoshi ( Gavin pointed out Satoshi isnt much of a programmer based on his coding). But sadly he can never have an idea like Bitcoin. It takes many other things to have such vision.

That's fair. But what if... just what if, what he wrote proved to be right?

Amph

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i don't see any other reason for his negativity other than buy cheap coins, a core dev should encourage the adoption(not but telling the false of course, we all know that bitcoin is in a despair phase) but a dev, should talking about addressing bug/problem related to btc, instead of "fudderising" it

Kprawn

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More alarming is a Core developer being so negative about a project, where he earns his "bread and butter". Can it be that he is backing a NEW horse? Ripple... something that is backed by governments?

Bitcoin might not "tick" all the boxes, but it's 80% there... Do we need Core developers spreading FUD or do we need people who identify these problems and tackle them head on?

You can either bend your knee before governments and play by their rules or you simply vote for the people, who play by your rules. Wink

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: Lauda on April 15, 2015, 11:58:55 PM

Quote from: cbeast on April 15, 2015, 11:52:20 PM

Quote from: ?? on ??

Readers need to remember one thing:
Peter Todd is a 30 yrs old programmer.
He lack life experience and credential to talks about other aspect of bitcoin. He should stick to the technical aspect.

That can be said about a number of devs. Some of them grow wiser, some of them become FUDsters for the press.

Why does the age matter here? It's more common for older people to stick with their beliefs, rather than accept something new. He might not have experience and thus shouldn't be predicting the future.
He shouldn't definitely be talking in a wrong way about this, because his job is to code for a cryptocurrency. The part about TBF is correct though.

What does old age have to do with beliefs? Wisdom is the perspective created by large collection of truths. Learning takes time. Life is OJT.

Lauda

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Activity: 2674

Merit: 3000

Terminated.

Quote from: cbeast on April 15, 2015, 11:52:20 PM

Quote from: ?? on ??

Readers need to remember one thing:
Peter Todd is a 30 yrs old programmer.
He lack life experience and credential to talks about other aspect of bitcoin. He should stick to the technical aspect.

That can be said about a number of devs. Some of them grow wiser, some of them become FUDsters for the press.

Why does the age matter here? It's more common for older people to stick with their beliefs, rather than accept something new. He might not have experience and thus shouldn't be predicting the future.
He shouldn't definitely be talking in a wrong way about this, because his job is to code for a cryptocurrency. The part about TBF is correct though.

KimNam

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interesting conversation with Todd Cheesy

can governments force the bitcoin devs to hard fork or make extreme change about bitcoin protocol?
I think bitcoin will be more centralized and less anonymity in the future if there are many government's intervention Sad

Confirmation Times Cannot Be Lowered, yeah agree with this. But i think 10 minutes to wait for first confirmation is not good for retail transaction
10 minutes (and maybe longer) is not competitive compare than centralized one Sad

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: ?? on ??

Readers need to remember one thing:

Peter Todd is a 30 yrs old programmer.

He lack life experience and credential to talks about other aspect of bitcoin. He should stick to the technical aspect.

That can be said about a number of devs. Some of them grow wiser, some of them become FUDsters for the press.

johnyj

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Activity: 1988

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Beyond Imagination

Retep has always been worrisome about bitcoin's future... Grin

Bitcoin is a financial nuclear weapon, anyone can gain a lot from it, or lose a lot from it, depends on how they use it. Currently most of the governments are heavily debt laden and destined to sell everything to bankers, bitcoin might give them a chance to reboot the financial system without selling their children

BitRod

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I guess one day we will test the theory that if the devs try to change bitcoin then it will be up to the miners to say no.

tokeweed

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Activity: 3976

Merit: 1421

Life, Love and Laughter...

Interesting outlook from Peter Todd. And a must read... whole.

https://medium.com/zapchain-magazine/why-one-bitcoin-developer-thinks-cryptocurrencies-have-a-dreadful-future-93007cff1613

Topic: Why One Bitcoin Core Developer Thinks Cryptocurrencies Have A Dreadful Future - page 2. (Read 2318 times)