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

[Undermood]

Mike Hern used to a believer of Bitcoin and due to different views with other developers, he was dumping and cursing bitcoin's future. What is wrong with Bitcoin? He is not God or boss in any company. He cannot decide its future. It is decentralized. He  just expressed his negative views, totally ignoring the advantages Bitcoin brings to us! How could we trust such bad attitude guys with his previous jobs?

[grau]

Mike's work on bitcoinj enabled most mobile wallets and by that a big part of mainstream adoption.
His lighthouse project is one of the finest demonstrations of what Bitcoin, as is, is capable of.

His view might be too pessimistic, but community lost a good engineer.

[QuestionAuthority]

One bad apple don't
Spoil the whole bunch, girl
Oh, I don't care what they say
I don't care what you heard now

I've been noticing you, Mikey
For a long, long time
(Long, long time now)
I'm not ashamed to tell the world
That you really messed up my mind

[bearex]

I think he just wants to see people give up on Bitcoin. And everyone think he is legit, so they dump.

[TooDumbForBitcoin]

Mike's work on bitcoinj enabled most mobile wallets and by that a big part of mainstream adoption.
His lighthouse project is one of the finest demonstrations of what Bitcoin, as is, is capable of.

His view might be too pessimistic, but community lost a good engineer.

I don't think that word means what you think it means.

[pedrog]

You're passing misinformation, he did not "advocate blacklisting", that was once discussed has a way to prevent the fraud and theft, after discussed it was dismissed because it could not be implemented.

I'm not sure what you've been reading these past few years, but he did. There was even a decently sized thread about it on the forums.

Iknow, I've followed it, that's ancient history...

[iCEBREAKER]

You're passing misinformation, he did not "advocate blacklisting"

Doesn't matter.  That was the story we wanted to tell, and XT was insufficiently antifragile to counter (much less survive) our malicious narrative.

Please decry our underhanded, dishonest tactics even more.

Let us know exactly how distressed you are by such dirty tricks.



Don't hold back, vent all your pent up rage about being on the losing side of Bitcoin's Grand Schism.

[sAt0sHiFanClub]

You're passing misinformation, he did not "advocate blacklisting"

Doesn't matter.  That was the story we wanted to tell, and XT was insufficiently antifragile to counter (much less survive) our malicious narrative.

Please decry our underhanded, dishonest tactics even more.

Let us know exactly how distressed you are by such dirty tricks.



Don't hold back, vent all your pent up rage about being on the losing side of Bitcoin's Grand Schism.

You are right. it doesn't matter. Its all over for you now, anyway.

Your malicious narrative finally defeated you.

[Bobsurplus]

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..........

[OgNasty]

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..........

We've been through this all before.  We have no fear.  Those of you who are scared and following dumb ideas will end up on the wrong side of this story.

[jonald_fyookball]

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..........

THANK YOU !  Yes this!

Hearn makes deadly accurate points that you're a goddman fool to ignore.

Fuck your politics and personalities and whether you like Hearn.
There's real fucking problems with Bitcoin!

Hopefully his exit is a WAKE UP CALL.

[jubalix]

no....see people are used to thinking its all about them.

Bitcoin is decentralized anyone can code for it, fork it.

other people are used to thinking singular people are important.

here's a hint. Satoshi made btc, and he disappeared.

[Bobsurplus]

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..........

We've been through this all before.  We have no fear.  Those of you who are scared and following dumb ideas will end up on the wrong side of this story.

You make it sound like you and I are different.
I've been here for what feels like forever.
I seen it all happen.
Silk road,
Trendon Shavers,
3 serious pumps and dumps,
Regulation,
scams,
retailer adoption,
press coverage,
Forks, ect....

You cant fool me man. I didn't even really know who Mike was before yesterday but I knew that the Chinese were cornering the mining game, and making it a much more centralized venture. I knew that bitcoin transactions sent with minimal or no fees takes sometimes over a week to confirm. I know that we have an issue with the centralized nature of the foundation and the core developers.

Now.. What were you saying???

[SamusNi]

The resolution of the Bitcoin experiment
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.qokjwtupk

https://bitcointalk.org/index.php?topic=1329377.0

[Bobsurplus]

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..........

THANK YOU !  Yes this!

Hearn makes deadly accurate points that you're a goddman fool to ignore.

Fuck your politics and personalities and whether you like Hearn.
There's real fucking problems with Bitcoin!

Hopefully his exit is a WAKE UP CALL.

A wake up call yes, a push for a change that helps bitcoin survive the next 12 months.... Highly doubtful.
The problems that persist today persisted years ago and were swept under the rug. Problem is now a new person bought the house and the rug was removed and thrown out...... Now all that dirt has no where to hide and is out in the open for everyone to see.

[Snorek]

What altcoin will people flood into if Bitcoin fails then? In other words, what altcoin has code that won't have this problem?

There are better alts, with updated code and superior features. But it is all temporary, in the end everything will require an update.
If bitcoin fall, crypto market will be shaken forever and people will be reluctant to trust another cryptocurrency.
We can't have one solid crypto with outdated source code, bitcoin sooner or later should evolve too keep up with that  progress too, just DON'T PANIC.

[jonald_fyookball]

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..........

THANK YOU !  Yes this!

Hearn makes deadly accurate points that you're a goddman fool to ignore.

Fuck your politics and personalities and whether you like Hearn.
There's real fucking problems with Bitcoin!

Hopefully his exit is a WAKE UP CALL.

A wake up call yes, a push for a change that helps bitcoin survive the next 12 months.... Highly doubtful.
The problems that persist today persisted years ago and were swept under the rug. Problem is now a new person bought the house and the rug was removed and thrown out...... Now all that dirt has no where to hide and is out in the open for everyone to see.

Even Mike Hearn says all is not lost and there are several new code repos competing (classic and unlimited). 
I think even Theymos is now backing bitcoin classic.

There is evidence it is not all doom and gloom despite there being real problems.

Not necessarily sure Chinese want to stop growth like Hearn says.

Bitcoin will survive.

But the price is probably going to suffer while we the people sort this out.

[Mastahh]

So the price of bitcoin on saturday will be 200$

[Hazir]

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

[forevernoob]

So the price of bitcoin on saturday will be 200$

I do think the price of Bitcoin is going to tank if they try to fork without 95% consensus.