Is it really that bad with Bitcoin as Mike Hearn writes now?

[jonald_fyookball]

So the price of bitcoin on saturday will be 200$

Yeah right, and on Sunday it will be for $10. Haha.

Let people think about this whole situation clearly. Haern is angry but he is not Satoshi, he is just one of the developers, not the brightest and not the best.

Some opinions about Haern:

Bram Cohen - creator of Bittorrent

@SwiftOnSecurity @nytimes That was one whiny ragequit. He's epically wrong on almost all technical points.

Peter Todd @petertoddbtc
The RBF section of Mike Hearn's "Leaving Bitcoin" post reminds me I'm not going to miss working with blatant liars.

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

Instead of quoting other people who don't think highly of Hearn, how about we
discuss the actual points he brings up?   

[shawnhcorey]

but we are facing the crash of bitcoin price. isn't that a form of crashing?
that is a nogo to the bitcoin.

Don't forget that the markets are also down today.

Bitcoin is dying. Well, it's been dying from the start but now it's dying a little faster. The split in the maintainers is between those who believe in supply-side economics and those who believe in demand-side ones. At the moment, the supply-side supporters appear to be on top. That means Bitcoin is dying a little faster. But it's going to limp along for a while yet, so it's still worth using.

[Zer0Sum]

All you legendary sheep make me laugh.
Why cant you guys understand that bitcoin has a problem, has had this problem for over a year, and now this problem is coming to a boil.
Stop with your petty posts
"dont let the door kick you on the way out"
"Time to buy cheap coins"
And all your other bullshit and realize that things need to change for bitcoin to survive.
Mining has to lose its centralization, Blocks need to be made larger, we need to lose the bitcoin foundation..........

The first rational post and it's roughly #20. Bye Bitcoin.

[Yakamoto]

What he wrote is mostly manipulative propaganda and lies. The answer to your question is no. Bitcoin is doing fine and is better off without such immature people like Hearn. He was unable to get his way with XT and so he decides to backstab everyone how lovely.

But at the same time, can you really blame him for leaving a community in general that has been that hostile to him? I mean I can empathize with that, personally.

Good point, he did quit is job at Google to work full time bitcoin development...

That's not a good point. What did you expect is going to happen when you advocate blacklisting? He deserved much worse than what the community threw at him and now he has proven it.

even though Mike left from the bitcoin development, i don't really see the reason of bitcoin price crashing.
in case of that, we would be in urgent about the bitcoin price, if we could not save bitcoin from crashing, then bitcoin would not have a brighter future. and i don't wanna leave bitcoin for this. 

New York Times picked up on the story in addition to the Cryptsy fiasco. Bitcoin will not crash because of this, obviously this is going to negatively reflect on the price (as it already is).

but we are facing the crash of bitcoin price. isn't that a form of crashing?
that is a nogo to the bitcoin.

We're seeing a morning sell-off right now to be honest, all the European countries woke up and saw the lower price and followed suit.

We most likely will not see a crash that will send us back below $350, we just have to keep holding and not lose resilience.

[Bobsurplus]

What he wrote is mostly manipulative propaganda and lies. The answer to your question is no. Bitcoin is doing fine and is better off without such immature people like Hearn. He was unable to get his way with XT and so he decides to backstab everyone how lovely.

But at the same time, can you really blame him for leaving a community in general that has been that hostile to him? I mean I can empathize with that, personally.

Good point, he did quit is job at Google to work full time bitcoin development...

That's not a good point. What did you expect is going to happen when you advocate blacklisting? He deserved much worse than what the community threw at him and now he has proven it.

even though Mike left from the bitcoin development, i don't really see the reason of bitcoin price crashing.
in case of that, we would be in urgent about the bitcoin price, if we could not save bitcoin from crashing, then bitcoin would not have a brighter future. and i don't wanna leave bitcoin for this. 

New York Times picked up on the story in addition to the Cryptsy fiasco. Bitcoin will not crash because of this, obviously this is going to negatively reflect on the price (as it already is).

but we are facing the crash of bitcoin price. isn't that a form of crashing?
that is a nogo to the bitcoin.

We're seeing a morning sell-off right now to be honest, all the European countries woke up and saw the lower price and followed suit.

We most likely will not see a crash that will send us back below $350, we just have to keep holding and not lose resilience.

LOL, so foolish.

It's 8:30 am in china. Now its time for them to start selling.

[Yakamoto]

... we just have to keep holding and not lose resilience.

Lost 25% of my resilience in the past 48 hrs. Just hold me FFS.

Give yourself a hug.

As I write this I am watching a rebound in the Bitcoin price, which I hope will continue (And looks like it is happening), and there is apparently a buy wall at $365 right now. We just have tyo wait for everyone who wants to leave to leave, and then keep going with our crytocurrency business.

Keep calm and carry on.

Do not forget we bottomed out at $230 not long ago, and we increased over $200 after that. This is just a temporary selloff (Which also apparently happens once each year in January), so there will be a rebound quite soon, according to the charts.

[Bobsurplus]

... we just have to keep holding and not lose resilience.

Lost 25% of my resilience in the past 48 hrs. Just hold me FFS.

Give yourself a hug.

As I write this I am watching a rebound in the Bitcoin price, which I hope will continue (And looks like it is happening), and there is apparently a buy wall at $365 right now. We just have tyo wait for everyone who wants to leave to leave, and then keep going with our crytocurrency business.

Keep calm and carry on.

Do not forget we bottomed out at $230 not long ago, and we increased over $200 after that. This is just a temporary selloff (Which also apparently happens once each year in January), so there will be a rebound quite soon, according to the charts.

Nahh dude.. sub 300 incoming. Sure you may get a small bounce first but over the coming days the sell pressure will continue and bring us further south.

[Yakamoto]

... we just have to keep holding and not lose resilience.

Lost 25% of my resilience in the past 48 hrs. Just hold me FFS.

Give yourself a hug.

As I write this I am watching a rebound in the Bitcoin price, which I hope will continue (And looks like it is happening), and there is apparently a buy wall at $365 right now. We just have tyo wait for everyone who wants to leave to leave, and then keep going with our crytocurrency business.

Keep calm and carry on.

Do not forget we bottomed out at $230 not long ago, and we increased over $200 after that. This is just a temporary selloff (Which also apparently happens once each year in January), so there will be a rebound quite soon, according to the charts.

Nahh dude.. sub 300 incoming. Sure you may get a small bounce first but over the coming days the sell pressure will continue and bring us further south.

It's entirely possible, but right now I'm looking to remain optimistic. We'll see what happens over the next few days, and if it gets bad, then I'll change my opinion. But right now there isn't a lot of reason to be worried, and we just have to watch with what happens as China and Europe wake up and start doing stuff.

[iCEBREAKER]

Some opinions about Haern:

Bram Cohen - creator of Bittorrent

@SwiftOnSecurity @nytimes That was one whiny ragequit. He's epically wrong on almost all technical points.

Peter Todd @petertoddbtc
The RBF section of Mike Hearn's "Leaving Bitcoin" post reminds me I'm not going to miss working with blatant liars.

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

#HearnShaming is now a thing!   

[aso118]

While the effect on the price is short-term and I am sure Bitcoin will bounce back, I hope the issues pointed out by Hearn are sorted out.

I am especially worried about this.
One problem with using fees to control congestion is that the fee to get to the front of the queue might change after you made a payment. Bitcoin Core has a brilliant solution to this problem — allow people to mark their payments as changeable after they’ve been sent, up until they appear in the block chain. The stated intention is to let people adjust the fee paid, but in fact their change also allows people to change the payment to point back to themselves, thus reversing it.

Isn't this crazy?

[sAt0sHiFanClub]

#CoreRage is now a thing!  

fixed that for you, quisling.

[forevernoob]

http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html

The start-up in New York where he has taken a job, R3, is developing Bitcoin-like networks for banks to enable cheaper and faster ways to trade assets of all sorts.

Basically, Mike Hearn quit Bitcoin to join the banksters.

And also he sold all of his BTC, what a joke... Why not invest some in an alt coin at least?
If you like the idea behind Bitcoin but you don't like the block size why not use an alt coin instead?
There should be plenty to choose from.

He doesn't seem to be that interested in the ideas behind Bitcoin.

 

I'd say because very few of them have a future.   But bitcoin is bigger than one man so this is ok.  The world will continue to turn.

Well you have a point, if Bitcoin fails the crypto market will tank.
But still I am pretty sure they guy had loads of Bitcoin so surely he could invest some in an alt?

There's already a couple of coins that you can trade directly for USD which means they no longer rely on Bitcoin to maintain it's value.
Even if Bitcoin fails I will keep my alt's. As they might recover after Bitcoins death.

[SamusNi]

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

[enhu]

They should still have to give credits to blockchain for creating their own.
I don't think bitcoin will even fall still And I mean banks are for banks, people will use it and let them use what they are creating. The bitcoin community can still use what we are currently using. And retain anonymity.

[astrocity1981]

I understand that there are some technical challenges in btc but in time the bitcoin community will overcome them like always. Stay strong fellow Bitcoiners, we have seen the eye of the storm before but it did not scare us away. Buy Bitcoins today at 15% percent off enter code Mike Hearns for coupon redemption.

[chek2fire]

Hearn write bullishits. This guy is a jerk and a racist. I was most angry when i read about what he thing for chinese people that control the hashpower. I dont know why chinese people has not the right to control bitcoin hashpower in Hearn mind. I am very sure if this hashpower was controlled from USA guys or white people Hearn will not have a problem at all.

[QuestionAuthority]

Hearn write bullishits. This guy is a jerk and a racist. I was most angry when i read about what he thing for chinese people that control the hashpower. I dont know why chinese people has not the right to control bitcoin hashpower in Hearn mind. I am very sure if this hashpower was controlled from USA guys or white people Hearn will not have a problem at all.

I wouldn't worry too much about it. He ate some bad dim sum at a conference in San Francisco and never got over it.

[AlphaCatalyst]

I honestly think this whole thing was a stunt for one of his investor buddies to scoop up cheap coins.

[Jeremycoin]

Everyone have their own opinion, and for me Bitcoin is not that bad. Well yeah there's something bad with Bitcoin, but in the end Bitcoin is a good thing.