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Author Topic: [ANN] BitPay Hires Bitcoin Core-Developer Jeff Garzik  (Read 6328 times)
Nekrobios
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May 15, 2013, 02:15:16 AM
 #41

Devs are "allowed" to make money you know.

Congratulations.
It can certainly represent a conflict of interest. But it's no problem, I've long realized Bitcoin won't change anything fundamentally. Even in a success scenario, the block chain would be limited with extraorbitant fees for transactions, making it only possible for crypto fat cats to make use of Bitcoin's actual properties. The plebs would again be exposed to centralization and "banks", necessarily. Trust is not removed, only shifted.

I digress. Grin

Don't worry Blitz ... people are out there working on the next layer for the "plebs" to enjoy bitcoin-like freedom too .... trust "noone".
Any concepts out there yet? Interested to see if this could work.

Sorry for the offtopic.
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fuW19dxlim16
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May 15, 2013, 03:06:28 AM
 #42

It doesn't give BitPay decision-making power, it gives them the power to make proposals.
God, if I wanted I could contribute to the core development, just as anyone, would that mean I control Bitcoin ? Not more than any of us !
Code's changes still have to be reviewed by the community and other developers, and don't worry, a lot of people cares about that (you can see the polemic on dust outputs).

So chill out, and thank BitPay for their contribution (it's not selfless, but keep in mind they need Bitcoin to be a success for their business to run).
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May 15, 2013, 03:19:23 AM
 #43

I don't know if I should be scared of or happy for bitpay. I hope Jeff signed like an independent clause in his contract otherwise, I can see the genius of having your own core developer, in your pocket.



On a serious note: Congrats, great news!
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May 15, 2013, 05:40:51 AM
 #44

So chill out, and thank BitPay for their contribution (it's not selfless, but keep in mind they need Bitcoin to be a success for their business to run).

BitPay cannot grow to 100x our size now without bitcoin being able to grow and scale with us.  Jeff is a great developer and can help work on the scaleability issues that bitcoin needs to meet the demands.


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May 15, 2013, 05:44:05 AM
 #45

BitPay cannot grow to 100x our size now without bitcoin being able to grow and scale with us.  Jeff is a great developer and can help work on the scaleability issues that bitcoin needs to meet the demands.
I would consider this to be very encouraging news, if it wasn't for relatively recent comments made by Jeff that indicated a certain hostility on his part to implementing the necessary scaling improvements in Bitcoin.
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May 15, 2013, 05:50:44 AM
 #46

BitPay cannot grow to 100x our size now without bitcoin being able to grow and scale with us.  Jeff is a great developer and can help work on the scaleability issues that bitcoin needs to meet the demands.
I would consider this to be very encouraging news, if it wasn't for relatively recent comments made by Jeff that indicated a certain hostility on his part to implementing the necessary scaling improvements in Bitcoin.

I was going to mention that too, but in due course, when Jeff had at least got his feet under his new desk!
My last reading of his comments was that he's against infinite blocks, which might be interpreted as flexibility on a larger fixed limit...

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May 15, 2013, 05:54:46 AM
 #47

Wait, Jeff needs a job? Isn't his Avalon enough to allow him to retire? Grin

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May 15, 2013, 06:00:22 AM
 #48

It can certainly represent a conflict of interest. But it's no problem, I've long realized Bitcoin won't change anything fundamentally. Even in a success scenario, the block chain would be limited with extraorbitant fees for transactions, making it only possible for crypto fat cats to make use of Bitcoin's actual properties. The plebs would again be exposed to centralization and "banks", necessarily. Trust is not removed, only shifted.
A conflict of interest? So, do you think it's better for the devs to be employed by non-bitcoin companies, as most of them are? It looks to me as that's more of a conflict of interest than helping improve Bitcoin at a Bitcoin company.

If Bitpay would start making unreasonable demands he can always quit, it's not like kernel developers have problems finding a job.

Hey, even though the devs do have the greater good in mind, they have to eat and feed their families and pets.

Many people in this community are screaming a lot, but not paying anything for bitcoin development or support. Did you expect a virtual currency to bring a whole new world of altruism?

Wait, Jeff needs a job? Isn't his Avalon enough to allow him to retire? Grin
Retiring is boring Tongue It's not that he was forced to do this, I suppose he just wants to be more active with Bitcoin development and found someone that's willing to pay for it and invest in the infrastructure in this way. That's great news for Bitcoin Smiley

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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May 15, 2013, 07:44:40 AM
 #49

Jeff Garzik is a legend ^_^ Congrats.

Democracy is the original 51% attack.
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May 15, 2013, 09:44:27 AM
 #50

Finally a smart bitcoin company...

I would've thought it'd be obvious that any worthwhile startup needs a core dev onboard...

Well, they have also money as bitpay has been quite a business success. When/if localbitcoins.com gains enough traction/income, we will be doing the same Smiley

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May 15, 2013, 10:44:10 AM
 #51

i'm a large bitpay customer and I have everything to gain from the platform getting better...

however this isn't a good state of affairs for bitcoin as a whole

I look forward to some public debate on this at the conference...
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