Cirlce CEO blame openly bitcoin devs in WSJ

[talkbitcoin]

he sounds like a crybaby who has failed in his business model, at least the part of business that was related to bitcoin and now he is blaming everyone who is remotely related to bitcoin for his failure.

and it surely is funny to see Circle like this, at this particular time when Coinbase is under magnifying glass by the IRS.

[franky1]

he sounds like a crybaby who has failed in his business model, at least the part of business that was related to bitcoin and now he is blaming everyone who is remotely related to bitcoin for his failure.

and it surely is funny to see Circle like this, at this particular time when Coinbase is under magnifying glass by the IRS.

its partly because of the coinbase IRS issue.
the legal costs of protecting bitcoiners identity, when circles bitcoin 'income' is insignificant means its not financially viable to have bitcoin users.

so they are migrating circle bitcoin customers over to coinbase so that circle customers are managed by coinbase, due to coinbase being happy to manage them.

anyway circle is now working with hyperledger, along with blockstream, along with blockchain.info. and others. who are all happy to stall bitcoin. so just like hearn who a couple years ago announced bitcoin was stalled by his colleagues.. circle is saying the same thing.
its a message from the hyperledger(bankers) that bitcoin is being pushed aside, for their playform.

all that needs to be done now is blockstream fess-up and admit their involvement in hyperledger for people to realise all the stall tactics put against bitcoin

[RawDog]

“The story is one of essentially gridlock amongst core developers, while mainstream companies are using this technology,We’ve been deeply frustrated with that lack of progress, and we want to move it forward.”

Can't say I blame him.  If any company were to be run like Bitcoin is run with 'consensus' as a guiding light, it'd be an absolute recipe for failure.  Just like Bitcoin's failure.  Two years post Hearn and no progress whatever.  Only thing we've done in two years is fight like hell. 

[aso118]

Truly a bad decision from Circle. Even if they decide to shut down bitcoin buying/selling because of low income from bitcoin, this is still a big mistake. The price of bitcoin will inevitably rise in the future because of the number of people who will adopt this technology will increase. If they want to come back by then, they will not be seen as trustworthy and no one will give a shit about them anymore.

I call this the mistake of their life.

They will be more bothered about the number of transactions/ transfers made using Bitcoin, and the number of people using it. The price of Bitcoin has a very small role to play in determining the profits of companies like Circle. It might very well turn out to be the mistake of their life and ranting about it in public (like their CEO) has done would look foolish when things improve.

[BitcoinHodler]

“The story is one of essentially gridlock amongst core developers, while mainstream companies are using this technology,We’ve been deeply frustrated with that lack of progress, and we want to move it forward.”

Can't say I blame him.  If any company were to be run like Bitcoin is run with 'consensus' as a guiding light, it'd be an absolute recipe for failure.  Just like Bitcoin's failure.  Two years post Hearn and no progress whatever.  Only thing we've done in two years is fight like hell. 

there are so many different businesses running while using bitcoin and they are more successful than you or circle CEO can ever imagine, there are even similar services as circle's rival that are more successful that them. the fact that they couldn't run a businesses is on their own head not on bitcoin.

[Kprawn]

They remind me about someone who did not get enough attention and power, and then rage quit and blame shifting to hide their mistakes and

failures. They are fiat slaves like all the other companies in the same scene... they thought Bitcoin would give them the edge over the rest,

and when it did not, they dropped it like a turd in a toilet. We will see how long they will survive now. 

[GreenLighter]

They have been causing a lot of unneeded problems for a long time now. Failed power grabs over and over and over and over