"Bitcoin is Dead" - Mike Hearn

[Yakamoto]

This guy is going to spew whatever he wants to aim to get everything as regulated as he can, there isn't any point in listening to him.

I understand the investors are getting shaken up, but right now we just have to wait for his BS to pass through and then get on with our lives.

I doubt he'll change anything, he'll only change our mind set if we buy into his opinions.

[Rizky Aditya]

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

[iCEBREAKER]

You guys are all fucked.
ofc btc is dead. No one is talking about bitcoin anymore.
It's all about the blockchain.
I been selling my btc and I suggest yall do the same.

sO TRUE, i'm already rage dumped all my bitcoins and will now increase my short position.

lET's all join Hearn on Team Buttcoin and write maor obituaries for teh dead fake internet nerd money.

The big question is whether or not Frap.doc will follow suit.   

[Yakamoto]

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

He wants people to buy into his BS so that they'll switch to his alt(?)coin, which will return him to the power he had back when he was part of the Bitcoin foundation and actually slightly meant something in the Bitcoin economy. (I do not know if he was on the foundation board but I would assume he was).

The price is high because of confidence, and this is one of the most easily exploitable emotions in trading, and especially in the Bitcoin economy.

Just ignore him and let him spew whatever he wants, no-one cares about him anymore. He's washed up and trying to feel important again. Don't give him that luxury.

[Biodom]

You guys are all fucked.
ofc btc is dead. No one is talking about bitcoin anymore.
It's all about the blockchain.
I been selling my btc and I suggest yall do the same.

OK, sell me some "blockchains" when you'll have them.

[VRobb]

"Beware the false prophets" I read somewhere... opinions are like, well, you know. Everyone's got one, and they all think there's don't stink! Yeah, right!   

[dhimasnk]

what? bitcoin is dead? I think bitcoin will not die quickly

[smoothie]

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%.

Wow how quickly the New York Times gets on this.  Where were they for positive news. I believe that you are right that it is time to buckle up. He does have some valid points but this is a little nuts.  Is it true that after walking out of a store you can reverse a bitcoin transaction from the seller??

Misery loves company....their beloved Wall Street has been tanking since January 1st....so they need to deflect attention elsewhere.

[johnyj]

A more detailed explanation here:
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.1o1e6hhgt

I like the way that he always speaks clearly, but his vision of bitcoin being a payment network is wrong, because people are not lacking of payment methods, and will never be in a world full of new mobile payment methods popping up every day. Bitcoin should focus on those areas that fiat money can not do. And he is a little bit impatient, the network will reach consesus when there are really measurable disruption, not some threat out of imagination

[smoothie]

No one is talking about bitcoin anymore.

Ohh the irony of that statement ^ 

[Bobsurplus]

No one is talking about bitcoin anymore.

Ohh the irony of that statement ^ 

I dont see what so ironic brother. It's true. A lot of major players who were talking btc daily are now talking blockchains.
 

[CryptoClub]

No one is talking about bitcoin anymore.

Ohh the irony of that statement ^ 

Oddly, people are talking more about Bitcoin than ever. For years I have been talking to people about it, now people are asking me since they recall I mentioned it in the past.

[Bobsurplus]

No one is talking about bitcoin anymore.

Ohh the irony of that statement ^ 

Oddly, people are talking more about Bitcoin than ever. For years I have been talking to people about it, now people are asking me since they recall I mentioned it in the past.

I agree that more noobs are talking bitcoin. But the major players, the smart investors. They aint singing the same tune that they were in 2012-2014.

[virtualdn]

No one is talking about bitcoin anymore.

Ohh the irony of that statement ^  

tbh i think is talking more than ever

[dk8218]

wow! what a claim. bitcoin can't be dead so soon. no one can control it all. unless he will do unbelievable things over it. If he did He will be at war to all bitcoin users and believer.
I'm like part-time into bitcoin and I don't read a lot of news or a lot of anything, and I should.  But I don't know who this guy is.  Or why his opinion carries extra weight.

[dk8218]

Just another unpopular person who try to gain popularity? He's just nothing compared to all of bitcoin user,his comment will not affect anything so its just kind of useless news
how quickly the New York Times gets on this.  Where were they for positive news. I believe that you are right that it is time to buckle up. He does have some valid points but this is a little nuts.  Is it true that after walking out of a store you can reverse a bitcoin transaction from the seller??

[Cryptology]

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%.

You should also bet on Bitcoin forking out into two or maybe more stable blockchains. This scenario is getting more and more probable each day and maybe is not that bad after all.

[pera]

Mr. Hearn, until recently one of the most prominent leaders of the Bitcoin project, became so disillusioned that in December he sold the few hundred Bitcoins he had left and quietly took a job at a new start-up.

Finally some good news! 

[Kakmakr]

I mean this question sincerely:  Who the fuck is Mike Hearn?

Good question. He came in on his white horse from Google and thought that he would become the new King of Bitcoin. He joined ranks with the previous King of Bitcoin <Gavin> and they wanted to take it all. When they did not succeed, they moved onto a small piece of ground and tried to build up their own kingdom called XT, but that failed.

He has now moved out of the Kingdom to the hostile neighboring Kingdom <Banks> to fight with the enemy.  

[virtualdn]

in conclusion just some good times to get more bitcoin for cheap