This is the strongest BUY signal I've witnessed since I'm into Bitcoin (end of 2012).
It would be SO good for crypto if mike hearn leaves the space for good to be focused on private databases for banks and whatnot.
That medium post really made me happy - thanks Mike, now keep your word and GTFO.
Mikey's Goodbye Cruel Bitcoin story made me as happy as when XT was launched, only to be immediately nuked by DDOS.  |
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This is a great day for Bitcoin. Hearn@gnome.zurich.ch has with typical self-aggrandizement surrendered unconditionally to the Knights of Satoshi, leaving the Gavinista insurgency demoralized and rudderless. A parasitic shitcoin exchange will no longer operate fraudulently on an undisclosed fractional reserve, teaching noobs about the risk of being too greedy and gullible. Fee markets continue to mature, as Bitcoin's pay-for-priority model ignores the drama and reliably records properly funded transactions. Planned upgrades to Honey Badger proceed apace, as Core's Wizards develop miracles such as Lightning, SegWit, Sidechains, Confidential Transactions, RBF, CLTV, etc. The Winklevoss ETF is one day closer to approval, while Bitcoins are shaken free from forlorn faint-hearted Gavinista fail-forkers' feeble fingers. The Bitcoin Core community continues thriving under the light touch of Thermos's moderation and administration, while the Gavinistas splinter into increasingly esoteric personality-driven cliques. Paper money continues to burn, as Chinese and other markets are in free-fall despite the best efforts of Hearn's beloved BIS coordinated and funded Plunge Protection Teams. I'm happy as a daisy! |
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A bitcoin believer's crisis of faith
More like "An egotistical shitlord's party of pity."  |
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Andreas tweeted out "I just found out that bitcoin failed. Oh well, I'll figure out something else to do." lol
#HearnBurns now trending... Mike Komaransky @mkomaransky Bitcoin Hearn Paradox- With him, consensus is hard to reach, btc suffers. w/o him, consensus is easy to reach, bitcoin prospers.he can't win Ben Davenport @bendavenport Farewell to Mike Hearn, who says he's leaving Bitcoin. Try not to let your ego hit you on the way out. Zaki Manian @zmanian It's generally bad form to leave a organization/company/community and then shit on it in the New York Times.... Michael Goldstein @bitstein Bitcoin is dead & everyone not Hearn killed it. How shall we comfort ourselves, the murderers of all murderers? Sell all coins cheaply to me Bram Cohen @bramcohen That was one whiny ragequit. He's epically wrong on almost all technical points. NYT: The Bitcoin Believer Who Gave Up iCEBREAKER: The Bankster Shitlord Who Rage Quit Dear Mikey, On behalf of Master Satoshi, we accept your unconditional surrender. |
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I still wonder what is wrong with the people who 'respect' Hearn for his work and involvement.
Gavinistas are the 'dumb money' that bought BTC at the top, at $500+. They are bitter and need to blame somebody else for BTC's failure to reach new highs. They are grasping at straws and susceptible to people offering easy/dramatic answers, like Hearn's Gavinblocks. |
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The cryptsy is dying now. But it will go away with our money. Will it possible to sue the owner/operator and get our money back?
Sue? Yes. Get money back? No. |
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 development is currently centralized in a couple of persons |
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An article about privacy that mentions ring signatures being "promising tech." How exactly does that mean "the beginning of the end" for Monero? Because Vitalik wrote the article? Don't worry. He still has to implement his 12 second block times and secure proof-of-stake model, first  Don't worry. ETH still has plenty of funding left, since they were so parsimonious in their expenditures. xD |
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Cryptsy has failed to explain why they aren't returning the millions of alts still stored in its cold-storage coffers.
Why not return those coins to the rightful owners?
The alts were drained by customers using them to tunnel out of Cryptsy. Didn't you notice all the recent 'you can still buy and withdraw AltcoinX from Cryptsy' 'yah but I'll lose Y% BOO HOO' posts? The well is now dry, hence BigFraud's sudden, yet late, admission they got spear phished by one of their beloved shitcoins. Even if Cryptsy still had alts, they are the property of the bankruptcy trustee, and thus cannot be distributed to creditors until the process advances to its final phase. |
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The problem of Bitcoin hash concentration in China was paradoxically a direct result of keeping the blocksize small. This happened because ASIC production is most economical in China. With an adaptive blocksize limit in Bitcoin this likely would not have happened since The Great Firewall of China would have placed miners in China at a very significant disadvantage due to latency. This would have forced Chinese ASIC manufacturers to sell their devices for export. The lesson I see here is that a well designed crypto currency will route around censorship and drive mining to those jurisdictions that do not engage in Internet censorship. Monero is way less vulnerable here since it is likely that both China will be the most cost effective place to manufacture electronics and will also continue to censor the Internet.
Well the myth that "bloat" leads to centralization has been debunked.
Edit: Monero has also other ways to mitigate this risk such as an ASIC resistant algorithm, and initiatives such as smart mining; nevertheless I do agree that this risk will need to be addressed and minimized.
Miner concentration in China is the result of market forces, and not any more of a "problem" than developer concentration in California. China may become XMR's biggest market, so it would be great if you stopped emulating Hearn's Sinophobia. The Yellow Peril stuff was funny when Hearn did it in his recent Opus, immediately before walking out on Bitcoin like a spurned lover being told "Sorry, not tonight dear." But if you're going to hang around for a while, I'd appreciate you not insulting/offending/alienating citizens of the world's largest economy. |
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I told you so boys, so time ago that Craptsy itīs scam.
So did I. If Craptsy had added Monero before Poloniex, they could have made back the stolen money and avoided this disaster. Instead, they solicited bribes to add Monero but then sat on their asses, in order to keep Dash safe from a superior competitor. Cryptsy and Dash deserve everything that's happening to them. Just wait until those e-mails come out...  |
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is there any chance to get coins back?
There is a class action filed by Silver Law. You should contact them. Also, you will get contacted by the trustee overseeing the bankruptcy proceedings. Eventually, in a year or two you will likely get paid in fiat. It's unlikely that yo will see actual coins.Neither is "likely." This is what is going to happen: 0. Silver Law will file suit to put Cryptsy into Chapter 7 bankruptcy. 1. Bankruptcy trustee will claw back all coins withdrawn since Cryptsy discovered they were robbed and bankrupt ~18 month ago. 2. Those coins (mostly alts used to get around lack of BTC/LTC) will be dumped into market buy orders for BTC (no speculation allowed). 3. Those BTC will be dumped into market buy orders for USD as soon as possible (no speculation allowed). 4. Low priority creditors will be excluded by requiring documentation which is hard/expensive/impossible to obtain. 5. The USD will be distributed to high priority creditors (IRS, State of Florida, court expenses, Crypty's lawyers, the Trustee, and Silver Law). 6. Anyone greedy and stupid enough to have shitcoins on a shit-exchange like Cryptsy will get nothing. 7. There will be drama. |
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Mike Hearn is a fucking disease
Mike Hearn is the Lucky7coin of crypto. A Trojan horse injected into our ecosystem by spear phishing greedy, credulous noobs. It's nice that both of them have been relegated to history's heap of abandonware. |
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That's Thermos and Blockstream's fault. I know it's true because I read it on /r/R3CEV (formerly known as /r/BTC). |
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Where is the proof the 450k stolen Dash have been "sold off already?" Or is that just wishful thinking? And how can you tell, given Dash's renowned privacy enhancing features? Crypty's stolen BTC haven't been moved, much less sold. I think you are spinning and trying to do damage control. Regardless, Crypty's bankruptcy court is probably going to claw back several thousand Dash from Otoh, which will then be liquidated and distributed as fiat to Crypty's creditors/lawyers. |
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Only thing now is to :- do remember all the Cryptsy team , Cryptsy fanboyz and devs that were along/supporting in this show all the time together for future such events be caught quickly ! As its the same people making making GOX show repeat again and again ! Specially the fanboyz who where telling i totally trust Cryptsy and they never go poof ! Similar to Garza fanboys ! Without this fanboyz, truth would have came out pretty soon ! Blind dumb herd mentality followers !
That's such a good idea, I've already started. There are multiple single-purpose accounts which registered around the same time as or after the Darkcoin launch, and to this day only post in Dash threads. Let's hold them accountable for defending the Crypty scam, by memorializing their Baghdad Bob worthy 'there is no problem on Cryptsy' cheerleading. I suspect there is more than meets the eye about the relationship between Dark/Dash-coin and its former main exchange. Remember the cozy relationship between BigVern and Paycoin? Now put that together with the fact Dash was their main coin, by far, for about an entire year. I have got to defend Cryptsy, from the beginning they have been a stable exchange to rely on while many others have fallen down hard(mintpal anyone?)
Cryptsy has been really good for me, Big Vern is known and US based, and no one has ever lost money there over a very long time.
I remember this same thing with people recommending to leave Cryptsy and go to Mintpal in this same thread. How did that turn out?
There is also the distinct possibility that Cryptsy has done absolutely nothing wrong at all and these are all completely false allegations.
If anyone has more examples of DRK/Dash sockpuppets acting as white knights for Cryptsy, please LMK so I can add them to the dossier. |
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Mike Hearn's exit mic drop
I find it tough to dispute his arguments. It's getting close to fork or die time...
Last summer called to request you return its FUD. You find it "tough to dispute his arguments" because you are a clueless n000b. Most of us old-timers suffer from no such disability. Try reading the old Blockchain Civil War threads so you can better participate in, and possibly even contribute to, the conversation. |
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There's emails. And they're about to be released. HAHAHA
BRB, need to get a bigger popper.  |
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People... This is why crypto currency is looked upon as a joke by the real world, instead of us slinging mud around, we should be figuring out ways to stop this kind of behaviour and events or else we all loose.
You stop this behavior by not trusting people simply because you know their name/location. We've been over this. You have to do what JR's tweet says. But you won't, because you resent the conclusion Evan Duffield must continuously demonstrate why he cannot be the next Karpeles. There is no way to make Dash in its current form trustless. Sorry about that. Live and learn! |
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