I hope pro-forks people learned a valuable lesson with this.

[thejaytiesto]

This is exactly what happens when a trojan like Bitcoin XTrojan deployed by the banksters doesn't make it. As people didn't buy this crap, they reveal their true colors, they got pissed off, and since they are having an anxiety attack about Bitcoin surviving this long, they resorted to this despicable move: Telling R3 puppet Mike Hearn to say how Bitcoin is dead in none other than the New York Times, and not only this, but he and his boss and anyone holding BTC at R3, sold their coins before this announcement was done, guaranteeing that they sell high before the news create a dump and uninformed idiots start panic selling.

Here's Mike Hearn's boss announcing the dump:
https://youtu.be/R0iArSIU0Z8?t=47m15s

Mike Hearn and their friends spread FUD, inject spyware in their fork and pretend to centralize nodes with a ridiculous huge block policy guaranteeing the average user can't run a node, meanwhile the likes of Greg Maxwell and Pieter Wiulle are delivering miracles such as SegWitness or Confidential Transactions, to guarantee we can scale up Bitcoin while keeping the #1 priority untouched (decentralized nodes), while increasing privacy (noob friendly Tor support comming in 0.12 as well!)

Don't be fooled, this is a war, and we aren't losing it. Core will remain node-decentralized and increasingly more anonymous, no matter what they come up with next. We will crush them, one BIP at a time.

[LFC_Bitcoin]

Great post jay, let the weak hands sell. Mike Hearn is an asshole, a butthurt asshole.

[Cs87kxy]

no one can manipulate or control bitcoin, the decentralized system is the key stone of the chain, no one is the "land lord", but all yes.
These developer should take care when make declaration... it's difficult that market can't react negative ...

[pogress]

Hopefully your right and Bitcoin Core does not announce it is supporting 2 MB hardfork compatible with Bitcoin Classic in the last hope to try keep control over Bitcoin.

But the real reason why Bitcoin Core loosing control over future of Bitcoin are those developers who try make Bitcoin blockchain just a settlement layer for offchain and centralized solutions for transactions, while Bitcoin Classic aim is continue with Satoshi plan to make decentralized P2P transactions possible right on Bitcoin blockchain, as long as technology allows it - average computer necessary for full node not the obsolete Rasberry PIs device or cheap virtual servers requirement today to run full node in Bitcoin Core vision.

I know who failed, and Bitcoin Core will not gain my trust even if they supports 2 MB hardfork compatible with Bitcoin Classic, because Bitcoin Core for example still planning RBF (relay by fee) feature which kills 0 confirmations as a payment possibility because Bitcoin Core vision is Bitcoin as a settlement layer for offchain transactions, not a decentralized P2P transactions possible on Bitcoin blockchain for payments.

Thus upgrading to future Bitcoin Core 0.12 is not advised, unless you completly agree with Bitcoin Core vision to keep Bitcoin small with direct blockchain transactions only for elite.

PS: loosing full nodes decentralization is just a FUD, Bitcoin Classic full nodes will work on average computers in future as well, thus keeping the full node decentralization intact

[Master of Puppets]

They must think they can still fool people with their "New York Times"-crap. Nobody cares about the NYT. What the fuck do they know about btc?

Lol, btc survives and does well and the NYT completely ruins their reputation with this story now.

Hopefully your right and Bitcoin Core does not announce it is supporting 2 MB hardfork compatible with Bitcoin Classic in the last hope to try keep control of Bitcoin.

But the real reason why Bitcoin Core loosing control over future of Bitcoin are those developers who try make Bitcoin blockchain just a settlement layer for offchain and centralized solutions for transactions, while Bitcoin Classic aim is continue with Satoshi plan to make decentralized P2P transactions possible right on Bitcoin blockchain, as long as technology allows it - average computer necessary for full node not the obsolete Rasberry PIs device or cheap virtual servers requirement today to run full node in Bitcoin Core vision.

I know who failed, and Bitcoin Core will not gain my trust even if they supports 2 MB hardfork compatible with Bitcoin Classic, because Bitcoin Core for example still planning RBF (relay by fee) feature which kills 0 confirmations as a payment possibility because Bitcoin Core vision is Bitcoin as a settlement layer for offchain transactions, not a decentralized P2P transactions possible on Bitcoin blockchain for payments.

Thus upgrading to future Bitcoin Core 0.12 is not advised, unless you completly agree with Bitcoin Core vision to keep Bitcoin small with blockchain transactions only for elite.

Gavin/Mike, is that you?

[Yakamoto]

Great post jay, let the weak hands sell. Mike Hearn is an asshole, a butthurt asshole.

I woke up this morning seeing that the BTC price had only dropped a small amount, less than 10% of yesterday's drop. That's one thing we have going for us, which is nice. It looks like most of the weak hands have sold at this point.

I've been saying Mike is a snowflake since everyone on this forum started losing it about his statement, and I'm glad other people are ow just writing it simply and bluntly.



As for OP, there has to be a fix for the block size, but as of right now, nothing has to be done about it and we can focus more on the development of the blockchain and find a way to curb these issues in the future. Mike just wants to say "oh we need it now" and try to say as much as he can to try and convince people to switch to Classic, which evidently isn't happening.

Also, PRAISE BE, other devs are speaking out against Hearn and mocking him. http://www.coindesk.com/bitcoin-branded-a-failure-as-media-erupts-over-mike-hearns-contentious-exit/

[forevernoob]

Well the pro-fork people haven't learned their lesson at all.
Immediately after the XT failure they went ahead and created two more clients Bitcoin Unlimited and Bitcoin Classic.

[ATguy]

More likely Mike Hearn was so depressed about the situation inside the Bitcoin Core he only saw quitting Bitcoin completly as the only alternative.

While his summary why he decided to quit is making the Bitcoin price fall short term, he is oppening many people eyes about the possible reasons why Bitcoin might fall easily. But if we start to act and do things differently, his reasonable conclusions Bitcoin will fail might be proven to be incorrect.

[jonald_fyookball]

This is exactly what happens when a trojan like Bitcoin XTrojan deployed by the banksters doesn't make it. 

stopped reading right there.

[BellaBitBit]

Telling R3 puppet Mike Hearn to say how Bitcoin is dead in none other than the New York Times, and not only this, but he and his boss and anyone holding BTC at R3, sold their coins before this announcement was done, guaranteeing that they sell high before the news create a dump and uninformed idiots start panic selling.

Great post. This part is very interesting and I didn't think about the fact that they probably sold well before the announcement and the price was at a healthy 460ish.  If this is true it is lame.  Not to be unexpected though, Bitcoin is basically untouchable and they know it.

[mudiko]

I don't get how they are still wanting to keep bitcoin RBF. It's one of the worst feature of BTC. Meanwhile, most users cannot or will not run a fully verifying node. Block size change will not effect much about nodes of casual users. If RBF and Block Size problems are going to be solved. It will make BTC way more user friendly and usable than ever. I don't find it logical people keep arguing blockchain size which will not have a huge change and is totally acceptable for more usable and user friendly BTC.

[SamusNi]

https://bitcointalk.org/index.php?topic=1329377

[Erkallys]

Well the pro-fork people haven't learned their lesson at all.
Immediately after the XT failure they went ahead and created two more clients Bitcoin Unlimited and Bitcoin Classic.

I was aware of Bitcoin Classic but not of Bitcoin Unlimited. According to the name it seems worst that Bitcoin XT. What's happening this time, 10MB blocks ?