"Bitcoin is Dead" - Mike Hearn

[RodeoX]

Bitcoin as of now is certainly not going to get out of the hundreds section. ...

Based on what?

[fuathan]

Who said that, will eat their words soon.

BTC hit the $410 price!..

BTC won't die in a couple of years. In your face Mike Hearn!.. Now shut the f**k up!..

[nerFohanzo]

Who said that, will eat their words soon.

BTC hit the $410 price!..

BTC won't die in a couple of years. In your face Mike Hearn!.. Now shut the f**k up!..

Yeah, bitcoin is neither dead nor it will be dead in the coming years, bitcoin is rising and it will keep on rising small fluctuation cannot decide the future of bitcoin and it would definitely cross $500 mark in few months and that  is the reason we are holding our bitcoins, and it is only dead for the people who don't have faith in bitcoins.

[jt byte]

Who said that, will eat their words soon.

BTC hit the $410 price!..

BTC won't die in a couple of years. In your face Mike Hearn!.. Now shut the f**k up!..

Yeah, bitcoin is neither dead nor it will be dead in the coming years, bitcoin is rising and it will keep on rising small fluctuation cannot decide the future of bitcoin and it would definitely cross $500 mark in few months and that  is the reason we are holding our bitcoins, and it is only dead for the people who don't have faith in bitcoins.

True if it was dead than bitcoin was at zero range already, but is not that is great that is going up.
Still that was a sad news, but still bitcoin is strong and we will see this year growing like in 2013.

I am hoping for that price that it goes to 1000 dollars.

[The Sceptical Chymist]

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.

Asshole, you copy pasted part of my comment on the first page. Good job retard, it's been reported.

Anyhow it looks like the price of bitcoin has rallied quite a bit since Mr Hearn made his comments.  Not bad!  This is resilience and that's definitely a positive sign.

[hitchingAride]

What is the scalability issue with Bitcoin and the block size I am a bit of a newb and don't understand exactly what the issue is with Bitcoin and Bitcoin XT.

[Amph]

What is the scalability issue with Bitcoin and the block size I am a bit of a newb and don't understand exactly what the issue is with Bitcoin and Bitcoin XT.

there are some con to capacity increase, due to bandwidth, higher fee, too long too listen in details, read this http://bitcoin.stackexchange.com/questions/36085/what-are-the-arguments-for-and-against-the-increase-of-the-block-size-limit

certainly the argument pro capacity are more important than those against and because of that we need it anyway, so it's pointless for them to waste time

in regard to bitcoin xt, see it an altcoin, because they were implementing stuff that was not related to the capacity issue and instead was against bitcoin rules, ip tracking for example

[SuperCoinGuy]

I think Mike Hearn said bitcoin is a long-term failure not that it will be outright dead soon. Other companies are interested in the blockchain technology not the cryptocoins themselves. The blockchain is here to stay for sure.

[romero121]

Finally his words were made false and bitcoin is emerging out from its recent day crashes caused due to some revealed statements and world market situation.

[futureofbitcoin]

Finally his words were made false and bitcoin is emerging out from its recent day crashes caused due to some revealed statements and world market situation.

lol you can't make that conclusion on a small increase in price in a single day man...

[rokkyroad]

I feel sorry for those who panic dumped and lost money because of this joker. Hope they learned from this. HODL.

Hearn, the backstabber, probably made a mint on this crash at your expense.

[romero121]

Finally his words were made false and bitcoin is emerging out from its recent day crashes caused due to some revealed statements and world market situation.

lol you can't make that conclusion on a small increase in price in a single day man...

yeah man I agree that we can't conclude with these days rise. I quoted just he said something then onwards there is no life in bitcoin. But atleast for some 5days it had lasted thatsit

[BruceSwanson]

One of the violently masochistic pleasures of being even minimally knowledgeable of the Bitcoin world is witnessing the tragicomedy of mainstream journalists and establishment pontificators publicly trying to make sense of it. If it hasn't been mentioned here already (and apologies if it has), consider one such pontificator's unfortunate take on Hearn's histrionics:

https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/

Reminds me of what the late novelist Vladimir Nabokov wrote on the subject of literary translations: 

What is translation? On a platter
A poet’s pale and glaring head,
A parrot’s speech, a monkey’s chatter . . .

It only hurts if you don't laugh.

[Luqman]

Mike Hearns has recently been hired to work for a group of banks. No wonder he's trumpeting the death of bitcoin. The f**king whore!!

Really? That why I'm not wonder this guy want to interrupt bitcoin stability. What kind of shit here

[SuperCoinGuy]

I feel sorry for those who panic dumped and lost money because of this joker. Hope they learned from this. HODL.

Hearn, the backstabber, probably made a mint on this crash at your expense.

I agree with you but this thing happens every time when there is bad publicity and the price goes down. Because people are scared to lose money and sell.

[Luqman]

I feel sorry for those who panic dumped and lost money because of this joker. Hope they learned from this. HODL.

Hearn, the backstabber, probably made a mint on this crash at your expense.

I agree with you but this thing happens every time when there is bad publicity and the price goes down. Because people are scared to lose money and sell.

But they are regret selling their bitcoin at cheap price like 350$ and now bitcoin started raise again..

[maokoto]

I doubt that core developers will let Bitcoin die. They probably own lots of Bitcoins themselves, and will not want an outcome like that. See Hearn, for example: he sold all his coins. He assured Bitcoin was alive enough before he did it.

[Luqman]

I doubt that core developers will let Bitcoin die. They probably own lots of Bitcoins themselves, and will not want an outcome like that. See Hearn, for example: he sold all his coins. He assured Bitcoin was alive enough before he did it.

Mike hearn will absolutely regret about he was did started from on.

[ca333]

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??

Unfotunately few families control the world finance (just everything like stock exchange, resources ex, federals reserve systems, central banking systems, and so on)  AND the world media. Not necessary to mention their names.. I think at the moment they are focusing more on destroying europe... BTC as a anonymous and instant payment system is a problem in their eyes but I also think that because of the open source nature of bitcoin it will not be possible for them to completely destroy it. I think THE problem we actually have are some BTC developers and members aquired by finance institutions... btclassic will go through. I bet 80% on it. 10% for satoshi showing up and giving advice and 10% for a total mess and the beginning of the end. But again. This is a open-source project. If temporarily broken, we can fix things together. And the community* will always stay. What the core team needs, is a leader. Just my two cents.

And yes, under specific circumstances, it is indeed possible to reverse your transaction ("doublespend").


* users which are here for their belief and trust in btc and not its valuation or its reflection on the market.

[danherbias07]

That is just his point of view. He is not the only one controlling it, He think he have a lot. It didnt even moved that much what bitcoin price is, It is still there 380-450. Say what he want but I dont really believe him. We have our own opinions.