"Bitcoin is Dead" - Mike Hearn

[Blind Legs Parker]

Oh bitcoin is dead again?  

This time it's true because that one guy said it.

I heard the CEO of Bitcoin resigned.

Is it true?

I heard he committed suicide?

Yah he did seppuku. But wasn't it news from 2 years ago? I'm not sure anymore. Or is it that the new CEO also suicided? Man that's a harsh job.

[1714800664]

1714800664

[LisaItel]

Well, his story + Cryptsy bankrupt = - 50 usd per 1 btc in few hours   

many people are losing a lot of money already and they will lose more if they won't sell.

LOL Every Market Go Down...

Check Nikki Index = https://www.google.com/search?q=nikkei+index&ie=utf-8&oe=utf-8

OIL = http://www.bloomberg.com/energy

All Market Goes Dowwn = http[Suspicious link removed]s/europe-africa-middle-east

Check

[Amph]

Well, his story + Cryptsy bankrupt = - 50 usd per 1 btc in few hours  

many people are losing a lot of money already and they will lose more if they won't sell.

no, they can just hold and wait for the price to recover if they bought at 450, it's not so hard

it will recover give it some time, seems peopla are still new here, don't know how the bitcoin world works

[hornetsnest]

LOL crazy mike will be working for shitcoins str  and xrp soon with his centralised propoganda?bye bye mike dont come back now

[7425504]

Mike will bitcoin down, many startup company will hate him very much.

He led a round of price declines, which is a loss for many people.

I lost 80$, today is a bad day,Mike, very cold weather, the stomach is not comfortable

[Digitalbitcoin]

Well, his story + Cryptsy bankrupt = - 50 usd per 1 btc in few hours  

many people are losing a lot of money already and they will lose more if they won't sell.

no, they can just hold and wait for the price to recover if they bought at 450, it's not so hard

it will recover give it some time, seems peopla are still new here, don't know how the bitcoin world works

Which main market sectors affects on Bitcoin rate ?

[Digitalbitcoin]

Whole market get down today !

[Amitabh S]

Why is Mike quitting now? Isn't it better to fight with reason and logic rather than with outrage?

[Zarathustra]

Mike's capitulation will be the decisive wake up call that the community needed to save the Bitcoin project.
It was needed to finally fork the totalitarian tyrants and their followers out of the project. Mike will make history of being the savior of Bitcoin.

I disagree.  I think everything I wrote in the OP is even clearer now than it was at the time I wrote it.  The Blockstream/Core Hijaakers are dug in even deeper.  They fail to understand that it is their crippling of bitcoin that has led to this, not Mike Hearn.  The only reason Mike failed is because he got WAY to aggressive with XT.  If he had launched Classic instead, this would have been over months ago and we'd already be running 2b blocks, and Bitcoin would be over $1000, and the entire globe would be pouring in in panic of the financial collapse.  I warned you this would happen.

And now it appears that Blockstream/Core will make this a war to the death, and try and take Bitcoin with them if they can't have their way.  ONLY hope is that the Classic team shuts up talking and simply uploads the 2mb Fork code ASAP.  Deal with the rest of the crap later.  Do the fork as promised and shut up about future development until that has passed.

AND be prepared for R3CEV/HyperLedger/Banks/IBM/Cisco etc to run a fiat coin out against you.  Because what has been learned here?  That THEY have the power.... Media drives everything.  They snap their fingers in a couple of months - and you will see stories all over the world pop up in a matter of seconds saying "Look a thte children's table - the squabbling immature babies of Bitcoin.  We can't have those disorganized infighting nuts running our global finances.  You don't want to trust your money to that!"  And then they will talk endlessly about the new fiat coin, backed by the powers of IBM, CIsco, Banks, etc.... and the Gov'ts will speak in favor, and ALL the sheep will run to the new global fed coin.

Don't think it can happen that fast?  Bitcoin is at $386 as I write this.  It's been less than 24 hours.  That is how fragile Bitcoin is.

Interstingly, once again everybody has missed the point of the OP.  It's like talking to deaf people.  Don't say I didn't warn you.

Mike, while legendary in his forthrightness, is not above exaggeration to fit a narrative. Partly I think he sour graped on the community because XT didn't work out like he wanted. He totally neglects to mention that very, very few Core devs are actually willing to hold to their roadmap if it becomes clear people are leaving in droves. Maybe Greg, Adam, Luke, Peter Todd, and Theymos are, but for the rest their support is contingent on small blocks actually turning out to be no problem.

That means the blocksize issue, even if Core doesn't get forked until the last minute, is self-correcting. The worst that happens is we get a delay.

https://www.reddit.com/r/btc/comments/410rnk/evaluating_mikes_bitcoin_is_dead_claim/cyyrv5j

[keepdoing]

Mike's capitulation will be the decisive wake up call that the community needed to save the Bitcoin project.
It was needed to finally fork the totalitarian tyrants and their followers out of the project. Mike will make history of being the savior of Bitcoin.

I disagree.  I think everything I wrote in the OP is even clearer now than it was at the time I wrote it.  The Blockstream/Core Hijaakers are dug in even deeper.  They fail to understand that it is their crippling of bitcoin that has led to this, not Mike Hearn.  The only reason Mike failed is because he got WAY to aggressive with XT.  If he had launched Classic instead, this would have been over months ago and we'd already be running 2b blocks, and Bitcoin would be over $1000, and the entire globe would be pouring in in panic of the financial collapse.  I warned you this would happen.

And now it appears that Blockstream/Core will make this a war to the death, and try and take Bitcoin with them if they can't have their way.  ONLY hope is that the Classic team shuts up talking and simply uploads the 2mb Fork code ASAP.  Deal with the rest of the crap later.  Do the fork as promised and shut up about future development until that has passed.

AND be prepared for R3CEV/HyperLedger/Banks/IBM/Cisco etc to run a fiat coin out against you.  Because what has been learned here?  That THEY have the power.... Media drives everything.  They snap their fingers in a couple of months - and you will see stories all over the world pop up in a matter of seconds saying "Look a thte children's table - the squabbling immature babies of Bitcoin.  We can't have those disorganized infighting nuts running our global finances.  You don't want to trust your money to that!"  And then they will talk endlessly about the new fiat coin, backed by the powers of IBM, CIsco, Banks, etc.... and the Gov'ts will speak in favor, and ALL the sheep will run to the new global fed coin.

Don't think it can happen that fast?  Bitcoin is at $386 as I write this.  It's been less than 24 hours.  That is how fragile Bitcoin is.

Interstingly, once again everybody has missed the point of the OP.  It's like talking to deaf people.  Don't say I didn't warn you.

Mike, while legendary in his forthrightness, is not above exaggeration to fit a narrative. Partly I think he sour graped on the community because XT didn't work out like he wanted. He totally neglects to mention that very, very few Core devs are actually willing to hold to their roadmap if it becomes clear people are leaving in droves. Maybe Greg, Adam, Luke, Peter Todd, and Theymos are, but for the rest their support is contingent on small blocks actually turning out to be no problem.

That means the blocksize issue, even if Core doesn't get forked until the last minute, is self-correcting. The worst that happens is we get a delay.

https://www.reddit.com/r/btc/comments/410rnk/evaluating_mikes_bitcoin_is_dead_claim/cyyrv5j

I understand.  But STILL, everyone is missing the point.  The very fact that this much drama even can develop is absolute evidence to most people - that Bitcoin is governed by idiots.  I have already had about 3 serious discussions since last night with people about whether or not to liquidate bitcoin.  And while still holding tight - it wouldn't take much more for a huge percentage of the industry money to walk away and NEVER look back.  It will most likely be a permanent exit.  Aother solution will rise up if bitcoin crosses that threshold of total loss of confidence.

This whole "wait till the last second" shit is idiocy, and it is further evidence of dealing with nutjobs.  It's like watching the U.S Congress do these Gov't shutdown deals.  They may avoid disaster at hte last second, but what they end up with as a result of the poor decision making process just leaves the country weaker.  And faith and hope that things are improving continues to erode.

I am saying as clearly as I can.... that time is clicking out Very Fast for some tangible evidence that Bitcoin Governance can be trusted.  That it is stable.  There is no waiting for the last second.  THIS IS THE LAST SECOND.

[Kprawn]

Well, his story + Cryptsy bankrupt = - 50 usd per 1 btc in few hours  

many people are losing a lot of money already and they will lose more if they won't sell.

You start losing money when you cash out!
Not before!!!
When people are smart they will not fall for this panic train and just wait!I'm sure we will see 400+ again quite soon.

They said this about YAHOO in 1998 tech bubble.  It dropped, and everyone said, WOW! Couldn't possibly drop more.  It dropped more, and everybody said, WOW, glad that is over.  It dropped more again, even bigger.  This cycle repeated until 96% of value was wiped out.

Same thing is going to happen to Bitcoin unless the Classic Fork happens ASAP.   Every single day that this band of Blockstream/Core idiots remains in control, the price will drop even more.  There is no faith or hope in current roadmap.  It leads to Zero.

These scare tactics are getting old now. We all know the current transaction volume does not require any significant block size increase and all stress tests that was done,

by mysterious attackers last year, has proven that. There is no rush to increase the block size and even if it needs to happen, a consensus to do that would force people

into doing that quicker. Mike and his fanboys like to play these tactics and then point the fingers at the Core guys, when they say that they censoring XT discussions on

forums. Both side are using the same dirty tricks, to get what they want... Bitcoin is far from being dead... it's shedding dead skin.  

[mayax]

Why is Mike quitting now? Isn't it better to fight with reason and logic rather than with outrage?

He found a better job, a very well paid job. you will do the same. who care about Bitcoin, Shitcoin,Asscoin? The money, cash matters.

The people are not living with hopes and dreams. They need money to live, to pay the rent, the bills, the gas and so on.

[LiteCoinGuy]

the only thing that has failed is Mike Hearn.

[rio3233]

By the looks of it, Mike Hearn is a complete retard. If Bitcoin is dead, then why is the price still so high.

Nah man, look at the bitcoin price now. The bitcoin price keep decrease, and now the bitcoin price is $392.00, i don't know is the price keep decrease or not. but i hope the price will up tomorrow and bitcoin is NOT dead.

[BiTJack]

You don't like my XT? Huh? You all suck and I QUIT!!! Now Go find a shoulder to cry on mark..

[n2004al]

Bitcoin Classic rolls out, and days later there is no word about it in the News Media.

Mike Hearn declares Bitcoin dead and within hours it is in the New York Times.....
http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html

Mark my words: Bitcoin is getting ready to be in a fight for it's life.

On one side are the Blockstream/Core players.  Liars, manipulators, shill, not afraid to destroy the fabric of Bitcoin with every bit of FUD they can dredge up - even if it kills bitcoin, but if they can't have total control, no one can.

On the other side you have Mike Hearn w/R3CEV/Hyperledger/Banks (AND Mainstream Media & Govt backing - don't forget that!)

We are at the start of a foot race to see who gets ready forst for the upcoming global financial meltdown. 

It's pretty clear that Bitcoin Classic will prevail in the upcoming March Fork given the huge amount of support / concensus for it.  But Blockstream seems to wat to make this a do or die fight, and they appear to be willing to destroy the good name of bitcoin if they don't get their way.  The looming battle may be the perfect backdrop of confusion and chaos for a Fiat Coin to rise from the shadows, and with the help of Gov't & Media nods - be introduced to the masses.

Fasten your seatbelts kiddies.... this is going to be a wild ride.  Right now I am betting 50% on Classic / 50% on Fiat Coin.  Current 1mb Blockstream/Core Coin not even worth mentioning in my opinion.  I see 0.001%.

All this story seems me like a serial fiction which produce one series every time that someone lose something or lose everything. After him is the end for everything because him was the key of existence of everything. This time this everything is bitcoin. Personal problems or personal failures for sure are fault of bitcoin and this will cause its dead. Remaining to wait for the next series and the "big" of the turn. Who knows which kind of pearls will invent his chaotic mind after its failure. Poor bitcoin how other time will die because of this losers or unable people to understand that bitcoin has nothing to do with them except the fact that were there who goes to him and used him.

[virtualdn]

it's funny to see how some people really believe this guy

it's the perfect time for buying i hope it will decrease even a little more.

think long term.... don't get scared by some bigger wave.

we are all part of a phenomenon not just an "experiment".

[mvag]

Here is what Mr. Hearn did recently, the timeline:

1. Mr. Hearn ensured the job at R3, the leader of international banking consortium, established to disrupt Bitcoin. The banks and financial institutions of the consortium collectively control trillions of dollars.

2. Mr. Hearn sold his coins.

3. Mr. Hearn published the "The resolution of the Bitcoin experiment" article, where he stated that "Bitcoin has failed".


Mr. Hearn currently is a new R3 employee, not a Bitcoin developer. If he, as he should be, is loyal to his employer, his new objective is to damage Bitcoin.

From this perspective his actions make perfect sense.

[cbIpok]

OK , Mike hearn's bitcoin fork version which supports tx rollback , IP black list & 20M block IS DEAD 
Sorry , we can't allow that shit  ,  mike

Facts spinning , in Mike Hearn post, about the possibility of revering tx and changeable fee in bitcoin core displeases me.

Cap it all, is that really him, who, conversely, wanna revering tx and ip blocklists ??   

[Bobsurplus]

Here is what Mr. Hearn did recently, the timeline:

1. Mr. Hearn ensured the job at R3, the leader of international banking consortium, established to disrupt Bitcoin. The banks and financial institutions of the consortium collectively control trillions of dollars.

2. Mr. Hearn sold his coins.

3. Mr. Hearn published the "The resolution of the Bitcoin experiment" article, where he stated that "Bitcoin has failed".


Mr. Hearn currently is a new R3 employee, not a Bitcoin developer. If he, as he should be, is loyal to his employer, his new objective is to damage Bitcoin.

From this perspective his actions make perfect sense.

Yeah bro. Hate on mike all you want. Wont change the fact that you're a newbie who knows nothing and he left a cush job to work for pennies to help bitcoin.
Yet you know more then him.
Gotcha!