Great Day for Bitcoin. Cryptsy finally admitted theft and Mike Hearn rage quits

[NorrisK]

Perfect opportunity to buy now. All the bad news came together and caused a massive over selling of bitcoin.

Looks like some alts profited quite well from it, especially ethereum.

Buy your coins now, a correction upwards is inevitable.

[sAt0sHiFanClub]

OP is right. In loosing Mike Hearn and Cryptsy, the bitcoin ecosystem has just shitted out 2 of its biggest liabilities. Just a brief dip in price and onward!

.... and now Core devs have thrown Theymos to the wolves.
..... and Classic has surpassed 50% of miners
...... and bitcoin.org is dead

Good times.  

Perhaps your shameless grave dance might have been a tad premature?  You obviously didn't look up what a 'Pyrrhic victory' is.

[SamusNi]

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

[bocobit]

A few people were expecting something like this to happen to Cryptsy for sometime.

^^This

Besides Coinbase, is there another substantial exchange that is headquartered in the US?

[justspare]

I guess it really is a great day for Bitcoin. Today is not such a great day though. The price dropped to $370. That really sucks. 

[Cconvert2G36]

This is a great day for Bitcoin.

Hearn@gnome.zurich.ch has with typical self-aggrandizement surrendered unconditionally to the Knights of Satoshi, leaving the Gavinista insurgency demoralized and rudderless.

A parasitic shitcoin exchange will no longer operate fraudulently on an undisclosed fractional reserve, teaching noobs about the risk of being too greedy and gullible.

Fee markets continue to mature, as Bitcoin's pay-for-priority model ignores the drama and reliably records properly funded transactions.

Planned upgrades to Honey Badger proceed apace, as Core's Wizards develop miracles such as Lightning, SegWit, Sidechains, Confidential Transactions, RBF, CLTV, etc.

The Winklevoss ETF is one day closer to approval, while Bitcoins are shaken free from forlorn faint-hearted Gavinista fail-forkers' feeble fingers.

The Bitcoin Core community continues thriving under the light touch of Thermos's moderation and administration, while the Gavinistas splinter into increasingly esoteric personality-driven cliques.

Paper money continues to burn, as Chinese and other markets are in free-fall despite the best efforts of Hearn's beloved BIS coordinated and funded Plunge Protection Teams.

I'm happy as a daisy!

https://i.imgur.com/sDHOoZ2.jpg[/img][/center]

Such BS. If Mike was so wrong and a hindrance to the project... the market would have rallied with the news he was quitting Bitcoin for good.

The real reason for the drop is that we very well may be firing Blockstream Core as the development team for Bitcoin this spring. That means uncertainty, lots of it, markets hate uncertainty. Already, half of the hashrate has signed on to the direction of Bitcoin Classic, and it isn't even released yet. Comparing it to XT is a display of ignorance.

The good news, once the fork goes off without a hitch, 1MB4EVA crowd rage dumps, we can rally HARD... and have the extra capacity to do it. 

The tide is turning against the Blockstream takeover. Can't say I didn't try to warn you. 

You've been bootlicking the wrong powers. Bitcoin routes around attempts to steer and control it, about time you learned that. The control you believed they possessed is slipping like sand out of a clenched and mailed fist.

I'm salivating about buying up a piece of Mircea's suicide short this spring. If I'm lucky (and he's not a coward), I'll get a piece of iCE's rage dump too.

 



Blockstream Core... #REKT

[teddy5145]

I guess it really is a great day for Bitcoin. Today is not such a great day though. The price dropped to $370. That really sucks. 

Patience is the key here my friend
It may be cheap right now, but this will only last for a few days, few weeks on worst case scenario
If you got spare money this is the perfect time for you and us to buy Bitcoin and make a decent profit in later days

[disclaimer201]

Bitcoin Classic is about to come and it is still Bitcoin, just with 2MB block sizes. Changes and uncertainties are scaring some people and whales are dumping to go fishing on top of it. Let Mr. Hearn leave and play with the banksters, nobody wanted his xt fork for very good reasons. But the panic selling will stop. Why? Bitcoin works normally, cryptsy is extremely old news that is just confirmed now, and the blocksize issue needs to be solved for Bitcoin to grow and have a future on a greater scale, literally. The time is now. I'm sure this thing will be turned around. As always. Remember, it's Bitcoin, people.

[iCEBREAKER]

The real reason for the drop is...

...global markets continue to melt, as oil hits 12 year lows, and the whales who move the BTC price sell to cover losses and bottom feed in other sectors.

Are you even aware there is a global economy, and Bitcoin's fiat price is determined in that context?

Or are you so fixated on Blockstream all other matters fade into the background, as your obsession increases your derangement to the point where you are reduced to ranting about  an absurd, utopian scenario wherein "the fork goes off without a hitch?"

Tell us more about how _Classic's contentious hard fork will be a cakewalk, and the conquering Gavinista heroes will be greeted as liberators with roses, candy, and ticker tape parades.

[Cconvert2G36]

The real reason for the drop is...

...global markets continue to melt, as oil hits 12 year lows, and the whales who move the BTC price sell to cover losses and bottom feed in other sectors.

Are you even aware there is a global economy, and Bitcoin's fiat price is determined in that context?

Or are you so fixated on Blockstream all other matters fade into the background, as your obsession increases your derangement to the point where you are reduced to ranting about  an absurd, utopian scenario wherein "the fork goes off without a hitch?"

Tell us more about how _Classic's contentious hard fork will be a cakewalk, and the conquering Gavinista heroes will be greeted as liberators with roses, candy, and ticker tape parades.

You're a fool if you think that the price crashed because oil went below $30. It went down because a hard fork this spring now looks very likely, that means uncertainty, am I repeating myself...?

With 75% of the hashes needed, what kind of hitches should I expect aside from some petty DoS'ing and some cheap "rage dumped" coinz? Maybe use guise will spam the mempool and donate some fees to the miners? Unfortunate that it will be slightly more expensive at 2MB. 

[The Sceptical Chymist]

I gotta tell you, I had a hard on for most of the day with all this bitcoin action. 

I don't know Mike Hearn from Adam, but so long.  The Cryptsy thing is very interesting to me, as they were the second exchange I'd used and they worked very well for a while.  The story about getting hacked...eh, we've heard that before and I'm skeptical.  To put it nicely. 

My nuts weren't sagging today.  I bought bitcoin.

[7425504]

Bitcoin Classic is about to come and it is still Bitcoin, just with 2MB block sizes. Changes and uncertainties are scaring some people and whales are dumping to go fishing on top of it. Let Mr. Hearn leave and play with the banksters, nobody wanted his xt fork for very good reasons. But the panic selling will stop. Why? Bitcoin works normally, cryptsy is extremely old news that is just confirmed now, and the blocksize issue needs to be solved for Bitcoin to grow and have a future on a greater scale, literally. The time is now. I'm sure this thing will be turned around. As always. Remember, it's Bitcoin, people.

Yes, bitcoin is decentralized, if a person to make it failed, so this is not we want the bitcoin

[gravitate]

well the price continues to drop through the floor.its crazy

[mad.enchantment]

well the price continues to drop through the floor.its crazy

What do you expect when bad news are spreading around ?
I hope this situation will normalize soon, but gotta make some money in this situation so i bought few coins and hopefully by the next monday the price is back to it were before

[pooya87]

well the price continues to drop through the floor.its crazy

What do you expect when bad news are spreading around ?
I hope this situation will normalize soon, but gotta make some money in this situation so i bought few coins and hopefully by the next monday the price is back to it were before

it has always been like this. a bad news spreads like wildfire, especially since most of the news sites are loving the drama, the make it bigger with articles with titles like "bitcoin is dead" is going to disturb the market. but as always this is temporary and is going to pass. and then again a while later another news and same story again.

[Amitabh S]

If one person's comment can kill bitcoin then it deserves to die. I don't really believe that this kills bitcoin. However, things are a bit suspicious about the timing (with cryptsy, etc) to make this announcement. Let this be a test of its resiliance.

While this does not kill bitcoin, it does have some impact. It is sad is to have a core developer of bitcoinj leave. The recent increase in adoption is because of SPV clients... Personally I found bitcoinj to be an immensely useful library. We definitely need more Java clients so this does not become a single point of failure. If we had several other alternatives then this would not be a big deal. Lets get to that situation where no single developer can manipulate the prices.

[crazyivan]

About Mike Hearn, so glad that ass s finally out. Spreading FUD about BTC after he sold his coins, that s really low.


Regarding Cryptsy, I m sorry they went down, crypto needs more good exchange and if the reason for their doom is that hack, they should ve found a way to disclose it in a controlled manner. This 18 months long silence could ve ended only in one way.

[sAt0sHiFanClub]

The real reason for the drop is...

...global markets continue to melt, as oil hits 12 year lows, and the whales who move the BTC price sell to cover losses and bottom feed in other sectors.

Are you even aware there is a global economy, and Bitcoin's fiat price is determined in that context?

Or are you so fixated on Blockstream all other matters fade into the background, as your obsession increases your derangement to the point where you are reduced to ranting about  an absurd, utopian scenario wherein "the fork goes off without a hitch?"

Tell us more about how _Classic's contentious hard fork will be a cakewalk, and the conquering Gavinista heroes will be greeted as liberators with roses, candy, and ticker tape parades.

#CoreRage  (Its a thing....)

[RoadTrain]

Such BS. If Mike was so wrong and a hindrance to the project... the market would have rallied with the news he was quitting Bitcoin for good.

That's an invalid conclusion. Did you think SilkRoad existence was good for Bitcoin? Yet when it closed, there was a massive dump. And a massive rally a month or so later. These kinds of dumps are not because people sell coins based on informed decisions, it's because people panic on (perceived) uncertainty and over-react.

[Master of Puppets]

So does Mike take his gay little midget 'Gavin' with him or will Gavino still stick around to kill the fun for everyone?
Would really be good to get those suckers out for good. They use up a shit ton of attention for their crying. Gavin/Hearn are completely unproductive scum. Get the suckers out ASAP. Officially! I want to buy back in now!