Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[hdbuck]

So, hearn is definitaly not interested in financial freedom

I'm willing to bet that all the money he'll get from the mega-banks will afford him quite a lot of financial freedom. Not sure about the rest 7bn people though

Monetary sovereingty.

[ssmc2]

Hearn's a pussy and will go down with the rest of the antiquated 20th century establishments when BTC inevitably smothers them.

[Fatman3001]

Mike's final "Fuck You!!!" to Bitcoin:

https://www.reddit.com/r/Bitcoin/comments/3tftas/mike_hearn_now_working_for_r3cv_blockchain/cx5wwwu

"The current Bitcoin system, I mean the system we actually use today with the block chain, isn't going to change the world at all due to the 1mb limit.
Unless the community changes direction very clearly (which in practice will require getting rid of Bitcoin Core completely), then "the system" will simply wither on the vine whilst the community waits for Lightning, or whatever solution they're being sold. But Lightning bears no resemblance to the Bitcoin I signed up to work on 5 years ago. It's an entirely different design which looks very much like the existing model of banking - nodes that hold people's money (i.e. may end up regulated), route it between them, no support for smart contracts, byzantine complexity due to being built on a 'legacy' layer that wasn't designed for it, occasional settlement between parties etc. Assuming it even works at all.
So if I have a choice between helping the existing financial system build something better than what they have today that resembles Bitcoin, or helping the Bitcoin community build something worse than what they have today that resembles banking, then I may as well go where the users are and work with the banks."

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

I don't completely agree with the tactical decisions Hearn made over the last year, and I'd be fine with slower increases than BIP101, but I'm 100% certain he did more for Bitcoin on his worst day than Nov 2013 hdbuck ever will.

If we're still (inexplicably?) stuck at 1MB popescu pogs through the majority of 2016, I'll be lacing up my shoes too.

[Fatman3001]

I don't completely agree with the tactical decisions Hearn made over the last year, and I'd be fine with slower increases than BIP101, but I'm 100% certain he did more for Bitcoin on his worst day than Nov 2013 hdbuck ever will.

If we're still (inexplicably?) stuck at 1MB popescu pogs through the majority of 2016, I'll be lacing up my shoes too.

Hear, hear!

[xyzzy099]

I don't completely agree with the tactical decisions Hearn made over the last year, and I'd be fine with slower increases than BIP101, but I'm 100% certain he did more for Bitcoin on his worst day than Nov 2013 hdbuck ever will.

If we're still (inexplicably?) stuck at 1MB popescu pogs through the majority of 2016, I'll be lacing up my shoes too.

Hear, hear!

Could someone point out a few of Mr. Hearn's more notable contributions to Bitcoin?  I am having trouble finding them. (serious question)

[gentlemand]

Come on. Every pixel of Mr HD's posts will be scripture burnt into mountainsides long after the rest of us are dust.

I don't agree with Mr Hearn's move but I do agree with his sentiment regarding the direction of development. In the coming months summat's gotta give.

[jaberwock]

Are the weekend dumps back again? I bet we will go up to 330 again by Monday

[JayJuanGee]

Mike's final "Fuck You!!!" to Bitcoin:

https://www.reddit.com/r/Bitcoin/comments/3tftas/mike_hearn_now_working_for_r3cv_blockchain/cx5wwwu

"The current Bitcoin system, I mean the system we actually use today with the block chain, isn't going to change the world at all due to the 1mb limit.
Unless the community changes direction very clearly (which in practice will require getting rid of Bitcoin Core completely), then "the system" will simply wither on the vine whilst the community waits for Lightning, or whatever solution they're being sold. But Lightning bears no resemblance to the Bitcoin I signed up to work on 5 years ago. It's an entirely different design which looks very much like the existing model of banking - nodes that hold people's money (i.e. may end up regulated), route it between them, no support for smart contracts, byzantine complexity due to being built on a 'legacy' layer that wasn't designed for it, occasional settlement between parties etc. Assuming it even works at all.
So if I have a choice between helping the existing financial system build something better than what they have today that resembles Bitcoin, or helping the Bitcoin community build something worse than what they have today that resembles banking, then I may as well go where the users are and work with the banks."

I believe that he misspoke>>>>>>>   ........"then I may as well go where the users are money is  and work with the banks."


Out of courtesy, I fixed it for him to say what he really meant to say.... which his choice may not be a bad thing for him on a personal financial level, and he may also possibly gain some interesting and useful experiences through his future endeavors.

[Fatman3001]

Mike's final "Fuck You!!!" to Bitcoin:

https://www.reddit.com/r/Bitcoin/comments/3tftas/mike_hearn_now_working_for_r3cv_blockchain/cx5wwwu

"The current Bitcoin system, I mean the system we actually use today with the block chain, isn't going to change the world at all due to the 1mb limit.
Unless the community changes direction very clearly (which in practice will require getting rid of Bitcoin Core completely), then "the system" will simply wither on the vine whilst the community waits for Lightning, or whatever solution they're being sold. But Lightning bears no resemblance to the Bitcoin I signed up to work on 5 years ago. It's an entirely different design which looks very much like the existing model of banking - nodes that hold people's money (i.e. may end up regulated), route it between them, no support for smart contracts, byzantine complexity due to being built on a 'legacy' layer that wasn't designed for it, occasional settlement between parties etc. Assuming it even works at all.
So if I have a choice between helping the existing financial system build something better than what they have today that resembles Bitcoin, or helping the Bitcoin community build something worse than what they have today that resembles banking, then I may as well go where the users are and work with the banks."

I believe that he misspoke>>>>>>>   ........"then I may as well go where the users are money is  and work with the banks."


Out of courtesy, I fixed it for him to say what he really meant to say.... which his choice may not be a bad thing for him on a personal financial level, and he may also possibly gain some interesting and useful experiences through his future endeavors.

Burn?

I don't completely agree with the tactical decisions Hearn made over the last year, and I'd be fine with slower increases than BIP101, but I'm 100% certain he did more for Bitcoin on his worst day than Nov 2013 hdbuck ever will.

If we're still (inexplicably?) stuck at 1MB popescu pogs through the majority of 2016, I'll be lacing up my shoes too.

Hear, hear!

Could someone point out a few of Mr. Hearn's more notable contributions to Bitcoin?  I am having trouble finding them. (serious question)

https://github.com/mikehearn

[Cconvert2G36]

I don't completely agree with the tactical decisions Hearn made over the last year, and I'd be fine with slower increases than BIP101, but I'm 100% certain he did more for Bitcoin on his worst day than Nov 2013 hdbuck ever will.

If we're still (inexplicably?) stuck at 1MB popescu pogs through the majority of 2016, I'll be lacing up my shoes too.

Hear, hear!

Could someone point out a few of Mr. Hearn's more notable contributions to Bitcoin?  I am having trouble finding them. (serious question)

Ever used schildbach's Bitcoin Wallet for android? It uses bitcoinj, which was created by Mike.

[bitowl]

But Lightning bears no resemblance to the Bitcoin I signed up to work on 5 years ago. It's an entirely different design which looks very much like the existing model of banking - nodes that hold people's money (i.e. may end up regulated), route it between them, no support for smart contracts, byzantine complexity due to being built on a 'legacy' layer that wasn't designed for it, occasional settlement between parties etc. Assuming it even works at all.

This type of blowup is so common in open source software that its a bit eye roll inducing. Basically as a project becomes more popular it attracts better talent who eventually start stripping out the early contributors crappy but working code and shooting down their ideas. They feel unappreciated and claim 'This isn't the ____ that I used to love!!' and then vanish.

Good for him though if they offered him a ton of money for some banking system shit. You can't expect people to just wait around 10+ years hoping bitcoin takes off and they never have to work again. I just hope his project fails miserably 

[Winner]

Woops

http://www.wired.com/2015/11/coinbase-unveils-countrys-first-bitcoin-debit-card/

bitcoin debit card



hehehe



Edit: You buy LTC on Huobi?

chart looks cute

[gentlemand]

Woops

http://www.wired.com/2015/11/coinbase-unveils-countrys-first-bitcoin-debit-card/

bitcoin debit card

The article bangs on about it breeding Bitcoin acceptance. I think I must've missed why. You still have to buy it to spend it. Why not, er, cut out Coinbase and just spend your dollars?

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Woops

http://www.wired.com/2015/11/coinbase-unveils-countrys-first-bitcoin-debit-card/

bitcoin debit card

The article bangs on about it breeding Bitcoin acceptance. I think I must've missed why. You still have to buy it to spend it. Why not, er, cut out Coinbase and just spend your dollars?

Both ANX and Bitstamp offers debit cards. All it's done is piss off regulators.

[makeacake]

... I just hope his project fails miserably 

... Nor hell a fury like a woman scorned

[Cconvert2G36]

Woops

http://www.wired.com/2015/11/coinbase-unveils-countrys-first-bitcoin-debit-card/

bitcoin debit card

The article bangs on about it breeding Bitcoin acceptance. I think I must've missed why. You still have to buy it to spend it. Why not, er, cut out Coinbase and just spend your dollars?

Annoyingly, each purchase you make is also a taxable event in the US. One of the biggest impediments to wider adoption imo. Capital gains from trading are messy enough, adding 300 lunch transactions to the mix makes it even worse, especially when the merchant is still just getting USD via the visa network.

If you do ALL of your buying/selling/spending via coinbase they'll produce statements for you... but that's not for everyone.   

[hdbuck]

Bitcoin debit cards? Genius.