Bitcoin Forum

Interesting piece just published here

http://www.technologyreview.com/news/540921/the-looming-problem-that-could-kill-bitcoin/

The Headline is stupid and just for clicks:

"The Looming Problem That Could Kill Bitcoin"


 ::)

(To Gavin) Do you think that consensus can be reached?

"It’s pretty clear that the maximum blocksize is going to increase. I don’t know exactly how or exactly when."


It is urgent but we will find a solution.

"You know, guys, if we don’t do this, Bitcoin will be dead in four years." He said this when he got asked "What will happen if nothing is done?"  so why exactly four years ? :o how he caculated this amount of time .
If it's really how he says , then we should definitly switch to BitcoinXT i assume

Yes I agree, but newspaper are here to create sensationalism. This is how they live and stay in business.
Gavin didn't tell us anything that we don't already know. To us, we'll informed all of this makes sense. But people that do not understand the best are the problem. They are the ones who will run to the exchanges and dump their coins after they see headlines like this.

On the other side I like how Gavin is reacting in this article. The bell has been rung and I am sure that the solution will be found in the near future.

Don't know how he could possibly calculate that bitcoin would be dead in 4 years if the change isn't made.

probably wouldn't take more than 3 months for the markets to price bitcoin in the 0-0.001USD range,  if the change isn't made.

Because all that billion dollars invested up to date in infrastructures will be invested for nothing because of the huge lack of capacity. Don't expect anyone going to invest in bitcoin after that big flop.  

And the propaganda continues...

woha, that could be a major insider joke but i guess you dont mean that  ;D !

I guess that I've written a sentence with a double meaning. I meant to say that Gavin has rang a bell and started a drama and there is no turning back now. Some decision will have to be made. I also meant to say that I actually like how even he seems calm and assured that the solution will be found.

To make it even clearer, I am for the big blocks but not the other stuff that they added to the XT. I believe that blocks must be increased. I don't appreciate the way Gavin has done all of this, rolled out the XT client, divided a community, etc. But also, I don't think that Gavin has gone rotten on the whole Bitcoin community, I mean he's here since the beginning for God's sake.

Hope I cleared it out now! :)

WOW!!


Do you see that little highlighted box in the upper right that says:  "WHY IT MATTERS"

(yes the all caps is how they wrote it)

Then below it says "Making it easier to move money around digitally could have many benefits"


Lets be 100% clear here.  This is in no way, shape, or form "why it matters".  Why bitcoin matters is because it cannot be counterfeit.  Moving money digitally has been possible for decades.. but yeah, counterfeitable money.

This is beyond "oh we are just clueless here at MIT" and moves quite clearly into the arena of "we are deliberately deceitful".  

This represents the crossing of a line in the sand for MIT Technology Review, which many have seen and discussed but now has been made fully public.  

You have been warned, act accordingly.  

MIT is a government shill paying Gavin's salary. What do you expect?

What he said was....
"Transactions will get unreliable and it’ll get worse and worse over time. My fear is there’ll be no critical event that causes people to react—Bitcoin just kind of has a long slow death. I’m trying to set off alarm bells for ‘You know, guys, if we don’t do this, Bitcoin will be dead in four years.’ "

My gut feeling is that he fears that there won't be a critical event fast enough to save Bitcoin specifically.  Gavin is perfectly aware that the Fiat Powers are like dogs with a bone on this technology, and it is taking almost 100% of their attention at present.  ALL Financial Eyes are turning to Bitcoin Technology.  Note that I say the TECHNOLOGY, as in the possibility exists that they say, "lets just make a Fiat Coin using the technology and do it ourselves." The technology won't die.  And if Bitcoin doesn't grow with it, they'll create their own Frankenstein Fiat Bitcoin.

Gavin is just being political, and not giving the Bitcoin the whole picture - because he knows it would be detrimental to the discussion if it came from him.  Gavin honestly doesn't care if it is Core or XT - but he is afraid that Core won't get it's act together fast enough to stay the Fiat Powers from launching their own Fiat Coin/Blockchain.  So he's pushing you.  He just wants Bitcoin to be THE coin after its all over.  Mike is a different story, with less pure motives in my opinion, but hey, he plays his part too.

And I think the 4 years is about right give or take.  IF Bitcoin gets it's act together the entire transition to Bitcoin in the Global Financial world will probably take less than 18 months.  IF they are forced to create their own Fiat Coin, then it will take a couple of years just to readjust / redevelop the Infrastructure towards a new coin, get it accepted, establish a wider user base, create a financial panic to FORCE people into it, and then..... probably after things settle in - decide bitcoin is now just an annoying Altcoin, and regulate it into the grave.  So yeah, four years sounds about right if the Bitcoin Community continues to fall into an abyss of selfish bickering.

Here is something I just posted on the topic ....... https://bitcointalk.org/index.php?topic=1164717.0

Just curious,,,,,

Does it hurt? pulling it out of your ass like that?

Cause i see you enjoy doing it all the time.