It is quite clear to me that this guy will become the unmitigated punching boy of the bitcoin community.  5 years from now, about the time Citi is filing for bankruptcy protection, we'll be posting this picture saying "what did you say about 'not lasting'"?

I especially like how he gets all nasty like we attacked his children.  Boy does he feel it.

http://media.coindesk.com/2015/04/Jamie_Dimon_CEO_of_JPMorgan_Chase1-630x238.jpg

The Fed certainly does regulate TCP/IP.  Well, not the protocol but activity done on it.  Same for Bitcoin, they don't want to regulate the protocol - the protocol is in the wild and the Fed doesn't want to change it at all.   However, when child pornographers use TCP/IP to transmit kiddie porn, the regulators slam down the hammer.  Don't think you will be able to use the bitcoin protocol for illegal purposes, they will slam down the hammer on you.  They are trying to regulate the protocol - just the assholes who use it to advance their crimes.

If the president of Delta Airlines raped a little alterboy, the writer could write: "Airline CEO raped boy".   Of course, there is no CEO of all Airlines, but it does technically make sense.  So, same for Bitcoin.  There is (was) a Bitcoin company and the CEO of that company is in jail.  'A Bitcoin CEO is in jail'  The article 'a' is implicit when writing 'Bitcoin CEO...'  Just like 'Airline CEO'.

So, as it turns out, you are the stupid one Mallard.  lol!!!

btw, I have no information whether or not the CEO of Delta really did or did not rape an alterboy.  But if he were a priest, I wouldn't bet against it.

CEO of IBM said "I think there is a world market for maybe five computers"

Sometimes, the guys way up get is very wrong.  Dimon was merely saying there won't be a hostile bitcoin - a bitcoin not controlled by government.  He didn't say there won't be a bitcoin that is controlled/approved by governemtn. 
Nevertheless, it is quite clear that he is in need of a big bag of dicks to swallow to prevent him from talking more.. 

Go ahead and play the lottery.  Buy an Antminer R1 and enjoy your fantasy about 25 (soon 12.5) free bitcoins.  However, don't put your R1 in your fucking refrigerator or in your air conditioned house.  This is as dumb as pounding sand - or playing lotto while dreaming of riches. 

Carry on.

Did everyone fail basic science class?  WTF?  

The job of Fridge / Air conditioners is to make shit cold.  To do that, they move a shit load of heat away from the place that is getting cold.  This is hard to do.  It makes even more heat when moving heat, and that heat has to also be moved away from the cold area - causing even more heat!  Now, some fucking genius like biggbox wants to put a heat generator right in there?  What the fuck is wrong with this community that we got so many fucking retarded idiots?  How did that happen?  

I am pretty sure bitcoin is going to fail miserably because we got guys like biggbox engineering the dumbest fucking machines imaginable.

wtf?  'our' devs are fucking idiots.  Half of them work for Blockstream and they are trying to wreck bitcoin with a ball and chain of 1Mb blocks so their 'sidechain' money maker system can be sold.  The other half of devs like mike hearn and gavin can't get the group to work together.  It is MAD disorganization.  It ASSURES that bitcoin development will be fucked for many years. 

In the real world, a leader needs to step up and make a final decision when two disagreeing groups arrive at an impass.  In bitcoin, an impasse means total end to the entire system. 

I guess you didn't know this, but bitcoin is not anonymous. 

Wrong.  It is already happening.  Small blocks are making HUGE problems already today.  MasterXchange is so frustrated with problems related to small blocks - they are closing.  The pressure from 1MB block is hard to see - but it exists and it is already effecting many people.  Block size 1MB is a disaster.  The network is already under performance pressures.

Blockstream is raging bullshit.  They want to create a nightmare - and then offer a solution for a fee.  These guys are scammers.

Blockstream has investors - $21 million.  Blockchain wants to charge fees and centralize their private chains.  Investors want returns.  The core devs associated with Blockstream are full of bullshit when they say there is no conflict.  8MB is a great idea for everyone - except those involved with Blockstream because their project won't make money if we go to 8MB.


This guy is just an idiot who says 8MB favors BS.  That is full bullshit.  Blockstream is totally dead and unneeded if bitcoin has 8MB blocks.  That is why only the blockstream core devs pushed Gavin/Hearn away. 

No shit.  Totally known and well documented.  Theymos is fully bullshit when it comes to censorship of things he doesn't agree with.  Blockstream is 100% out of business if 8MB comes.  Those guys only block BIP101 to cause a greater need for their for-fee permissioned side chain.  Fact.  Don't believe me?  Look it up on Factum.

This would be totally fine and understandable, except...

They interfered with the 8MB debate.  AND, they used dirty tricks too.  They used censorship.  They used DDOS. They SLAMMED Gavin. 

Everyone has the right to build useful added services.  However, Blockstream had a huge personal interest to crush 8MB - and they did.  This was probably against the overall good of Bitcoin. 

This is how side chains work:

Let's say you and Fred are playing poker.  After every hand, you and Fred go down to the bank.  The loser of the hand, withdraws $100, and the winner of the hand deposits $100.  Pretty soon, you guys get tired of this shit.  So, you decide to just write the results of each hand down on a piece of paper that you keep on the 'side' (get it? 'side chain').  At the end of the night when you are all done with every hand, then you go to the bank to settle up.  Just one transaction - accounts for all the hands played.  

In Bitcoin, it is sometimes possible to 'play hundreds of hands of poker' - but just do one transaction at the end to finalize the action.

That is what side chains are all about.  They keep track of a shitload of transactions - but only settle on the main blockchain occasionally.

Not true.  Blockstream and their core devs have put an artificial constraint on bitcoin 1MB blocks for the purpose of increasing the need for sidechains.  If 8MB blocks were used, there would be far less use of sidechains.  These core devs working on Blockstream have a conflicting interest.  Yet, the were able to shut Gavin and Mike Hearn down. 

It already happened!

http://www.coindesk.com/blockstream-commercial-sidechain-bitcoin-exchanges/

Blockstream really needed to prevent BigBlocks - and successfully did.  Now, there is greater need for their offering: side chains.  Side chains which they control, and they charge fees to use. 

This is just the start.  There will be many, many more features of 'advanced systems' pushed out of the core, pushed away from 'free', and controlled by profiteers. 

Why did everyone listen to Blockstream when they so vigorously fought 8MB?  now everyone gets to pay them fees!!!  With 8MB blocks, no extra fees!

Bitcoin is fucked now.

Wanna bet?  The SEC doesn't really care if some small time buffoon in the Oregon state government mistakenly represented some things which he is not authorized to do.  The SEC doesn't take a back seat to some moron in the state business department with a bachelors degree from Medford U.  

The SEC is going to crush these idiots like the cockroach they are.  If there is even a tiny bit of malfeasance - bye, bye birdie, they will end up in jail.  If the are squeaky clean, the Fed is still going to shut them down.  

You can't just go and issue unregistered securities - and there is a very good reason why.

This is all another colored coins fantasy.

You got that right!!!  Thanks for the shout out!

This is freaking hilarious.  Didn't it occur to these guys: http://www.coindesk.com/press-releases/chroma-fund-conducts-worlds-first-blockchain-ipo/ to talk to their lawyer before doing this? 

Why is it that they think the SEC is going to let them run around launching securities with no oversight?  lol.  It is hilarious that they see a need for small companies who have to use credit cards and bank loans but the big guys get to do IPOs to raise money from the public.  Don't they understand that the SEC isn't going to let just anyone (small guys) go and issue investment securities based upon a whimsical notion? 

YOU HAVE TO REGISTER THIS SHIT!!!

Might be the funniest Bitcoin project I've seen to date.  Look for the story next week that the SEC is shutting them down and both founders don't understand why they are in jail.  This is too good.

This is a very funny patentUS6554184 - it claim everything.  I wonder if they ever tried to enforce it?