Bitcoin is dead, time for altcoins to rise up and take its place

[bugsywugsy]

The sky is falling :grin:

[Erkallys]

Isn't Mike Hearns a guy from Cryptsy ? If such a man says this kind of things, this is the contrary ! Bitcoin's health don't depend on the price. If it fall by 200$, it will be healthier than before because a lot of people will rush to buy it. That's this, the strengh of Bitcoin, it's users, not some random scammers !

[maokoto]

So this major fall is due to Mike Hearn opinion on Bitcoin? It is really sad that the coin is so heavily influenced by those things. I do not think it is dead at all, neither are altcoins. Still will hold them and wait for them to recover after this.

[Yakamoto]

So this major fall is due to Mike Hearn opinion on Bitcoin? It is really sad that the coin is so heavily influenced by those things. I do not think it is dead at all, neither are altcoins. Still will hold them and wait for them to recover after this.

I highly doubt this drop is influenced by Mike's opinion.

The cryptsy exchange failed at approximately the same time Hearn made his announcements, and so it is more likely just compounding factors.

The cryptsy exchange is likely liquidating right now, and thus we just have to wait for the sell off to pass.

We just have to wait for these events to pass, it'll only be something like a week at most, I hope.

[Amph]

Yeah, altcoins are the future. Look at Cryptsy

Are you assuming that with altcoins there will not be scams? There are the same problems everything

that was a sarcasm, and anyway what's the deal it, mike is concerned primarily because of the block limit, which will be adressed in april, with an increase to 2mb limit

all fud as usual, the people that are feeding these fud are even worse than those that create them

[defaultking]

I read someone somewhere and they made a good point. Altcoins shouldn't hope for Bitcoin to die anywhere in the near future. There point was with all the developers that have been working on bitcoin and bitcoin related stuff ("tools and products") it would take any other altcoin a few years to get back to the point that bitcoin is now. Maybe one day an altcoin will come closer to bitcoin as far as content, then this may be a likely case, but for now I say bitcoin is fine where it's at.

With that said I think most other altcoins have a niche that they fill anyways without having to be head guy. (Dogecoin TO THE MOON!)

[virtualdn]

Bitcoin is dead according to Mike Hearns, could this be the turning point in which bitcoin becomes just another altcoin and the altcoins will rise up and take away the market cap that belonged to bitcoin?  

Bitcoin is not dead. If it would be all alt coins will be.

[WENGER]

Bitcoin never dies, it just get's manipulated at times and base on the past, if you google, you could find many articles (hundreds of them) claiming Bitcoin is dead , blah blah blah and yet until now, it's here and were here because of it so I can't really see any other altcoin to take Bitcoins place, even for a seconds (no offense to altcoin owners).

[Boosterious]

Bitcoin is dead according to Mike Hearns, could this be the turning point in which bitcoin becomes just another altcoin and the altcoins will rise up and take away the market cap that belonged to bitcoin?  

who is mike hearns?is he bitcoin expert or another guy?i dont think this is will happen,bitcoin will not dead just because the price really going down,and i am sure bitcoin will rise up soon,as usually,raise and down is not matter for bitcoin and bitcoin adopter.

[fortunecrypto]

Bitcoin is dead according to Mike Hearns, could this be the turning point in which bitcoin becomes just another altcoin and the altcoins will rise up and take away the market cap that belonged to bitcoin?  

the original will always stand up bitcoin will not just become another alt coin they are the front runner of the crypto-currency

this is only a trying time but definitely bitcoin will pass this and still emerge as the number one crypto-currency I don't see litecoin and doge coin

Or any other coin replacing bitcoin as the leader in the coinmarketcap ranking

[Erkallys]

Bitcoin is dead according to Mike Hearns, could this be the turning point in which bitcoin becomes just another altcoin and the altcoins will rise up and take away the market cap that belonged to bitcoin?  

who is mike hearns?is he bitcoin expert or another guy?i dont think this is will happen,bitcoin will not dead just because the price really going down,and i am sure bitcoin will rise up soon,as usually,raise and down is not matter for bitcoin and bitcoin adopter.

Mike Hearns is a scammer that performed the recent Cryptsy scam. At least that's what I know. If I'm wrong, correct me !

[hazenyc]

https://www.linkedin.com/pulse/bitcoin-dead-long-live-adam-hayes-cfa

[b1007]

For the record, even as an altcoin owner, I personally would like bitcoin to prosper and not die because I think it will be good for crypto currencies in general.

[Curious8]

Bitcoin is dead according to Mike Hearns, could this be the turning point in which bitcoin becomes just another altcoin and the altcoins will rise up and take away the market cap that belonged to bitcoin?  

Altcoin ? what is that ?

[capcher]

Huh, what does Mike Hearn have to do with Cryptsy???

All I know is that he was until recently a Bitcoin core developer.

If you haven't read it, here's his Medium post where he says Bitcoin is dead: https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.o3k2dwp2r

He describes the current Bitcoin as

... a payments network that:

• Couldn’t move your existing money
• Had wildly unpredictable fees that were high and rising fast
• Allowed buyers to take back payments they’d made after walking out of shops, by simply pressing a button (if you aren’t aware of this “feature” that’s because Bitcoin was only just changed to allow it)
• Is suffering large backlogs and flaky payments
• … which is controlled by China
• … and in which the companies and people building it were in open civil war?

[crazyivan]

Mike Hearn is a piece of shit.

Now when he sold all of his BTC, now he comes back to us and says BTC s a lost cause.

Well, I dont think so and I can bet most of the community does not think so. People often have ulterior motives and I would be surprised Mike s got one as well.

[pedrog]

https://www.linkedin.com/pulse/bitcoin-dead-long-live-adam-hayes-cfa

Just a small correction to the article, Gavin Andresen is not a XT opponent.

Gavin Andresen and Jeff Garzik, both outspoken opponents of XT

https://bitcoin.consider.it/

[hazenyc]

https://www.linkedin.com/pulse/bitcoin-dead-long-live-adam-hayes-cfa

Just a small correction to the article, Gavin Andresen is not a XT opponent.

Gavin Andresen and Jeff Garzik, both outspoken opponents of XT

https://bitcoin.consider.it/

ahh, good catch. Fixed it

[RodeoX]

https://www.linkedin.com/pulse/bitcoin-dead-long-live-adam-hayes-cfa

Just a small correction to the article, Gavin Andresen is not a XT opponent.

Gavin Andresen and Jeff Garzik, both outspoken opponents of XT

https://bitcoin.consider.it/

ahh, good catch. Fixed it

Hey, as a side note I met with the developer of consider.it and saw what a cool thing he has created. if your not familiar with this site it is worth checking out.

[xdrpx]

Bitcoins definitely not dead, I mean reporters have reported Bitcoin's obituaries several times, I honestly hope and feel this isn't it for Bitcoin xD. I'm just hoping there will be a consensus among the developers soon and they can engineer a better way to solve the blocksize debate, and probably everyone can unite once again for the betterment of bitcoin.