Bitcoin protocol in crisis period

[bitcasino]

An interesting article I want to share.
BitcoinJ developer Mike Hearn's point of view

[franky1]

An interesting article I want to share.
BitcoinJ developer Mike Hearn's point of view

he says companies dont help pay to keep the protocol up-to-date, even mentioning bitpay..... lol guess he dosnt know that bitpay are giving jeff garzik a salary, just to allow garzik to keep bitcoin updates running.

also that many bitcoin businesses, bitinstant, coinbase, bitcoinstore. are/were paying the bitcoin foundation fee's which pay for the other elite devs of bitcoin-core to continue doing what they do..

is mike hearn just butt-hurt that he isnt getting a slice of the corporate pie to work on his bitcoinj project?

.... but more importantly
And of those, Wladimir [J. van der Laan] and Cory [Fields] refuse to work on the protocol, partly because of the social issues that have come up.”

Wladimer no longer the main protocol coder?? ....... so is gavin now taking back the hotseat?

[311]

He sounds possible butthurt to me. He shouldn't have left google  .

[guybrushthreepwood]

Headlining is a bit alarmist. Is it really in crisis? Jeff seems like he might be. It also seems more like a puff piece to promote his Lighthouse project to be honest.

[BitCoinDream]

He sounds possible butthurt to me. He shouldn't have left google  .

Has he left Google or still a part of that organization ?

[311]

It says he left to work on bitcoin full time in the article.

[franky1]

It also seems more like a puff piece to promote his Lighthouse project to be honest.

+1 i guess you seen through the subtlety of what the news was really about. the OP's alarming title was purely to get people to read it.. free advertising for mike hearn.

but taking mike hearns advert of lightouse out of the picture for a moment.. Wladimer no longer working on the protocol, who is his replacement, and kinda strange that he has only been on the job a month or 2. either way the foundation, bitpay and other businesses are still throwing money in programmers direction, even if mike hearn isnt one of them.

im wondering if wladimer disagreed with luke JR's godcomplex/greed. or the foundation paedo connection.

[prollynot]

Mike is right. Why do you think so many altcoins have arisen?

[Jesu]

Define risen? People only deal with half of these crapcoins to make money off them. They'll have their 5 minutes of fame then die off. They always do.

[franky1]

Mike is right. Why do you think so many altcoins have arisen?

{off topic}
alt coins are not made by talented coders. they are made by script kiddies that go to a website, follow instructions and change maybe 5 values. before compiling a wallet..

these script kiddies then sell their useless premined coins for bitcoins. and leave the crapcoin recipients holding the bag of worthless coins. this process has nothing to do with bitcoin and i think no one should attempt to buy an altcoin unless it has a proven track record.

[BitCoinDream]

Mike is right. Why do you think so many altcoins have arisen?

If u add the market cap of all the alt coins, still u wont reach even 1/3rd of the bitcoin market cap. Interestingly, the oldest alt (which I believe one of the honest one) Litecoin is about to die due to lack of development, whereas Bitcoin is about to go mainstream with millions of $$$ pouring in as venture capital in multiple bitcoin businesses. Alt are and will remain as petty pump & dump scheme for crypto-morons. That has nothing to do with Bitcoin's development.

[311]

Mike is right. Why do you think so many altcoins have arisen?

If u add the market cap of all the alt coins, still u wont reach even 1/3rd of the bitcoin market cap. Interestingly, the oldest alt (which I believe one of the honest one) Litecoin is about to die due to lack of development, whereas Bitcoin is about to go mainstream with millions of $$$ pouring in as venture capital in multiple bitcoin businesses. Alt are and will remain as petty pump & dump scheme for crypto-morons. That has nothing to do with Bitcoin's development.

I don't think Litecoin will die, but it's always going to trail behind, especially without much merchant adoption.

[franky1]

Mike is right. Why do you think so many altcoins have arisen?

If u add the market cap of all the alt coins, still u wont reach even 1/3rd of the bitcoin market cap. Interestingly, the oldest alt (which I believe one of the honest one) Litecoin is about to die due to lack of development, whereas Bitcoin is about to go mainstream with millions of $$$ pouring in as venture capital in multiple bitcoin businesses. Alt are and will remain as petty pump & dump scheme for crypto-morons. That has nothing to do with Bitcoin's development.

I don't think Litecoin will die, but it's always going to trail behind, especially without much merchant adoption.

litecoin development is continuing, https://www.litecoinlocal.org/ just started up to allow for litecoins to be bought and sold for fiat. but litecoin does need a whole lot of merchant adoption.. no point buying litecoins if there is not much to spend them on.

bitcoin has tens of thousands, if not hundreds of thousands of merchant services. litecoin wont die.. but i agree it will definitely lag behind. as for the altcoin script kiddies with their copy and past wallets and dice games. life expectancy of altcoins is about 3-6months before the sheeple cotton on to the reality that they have been left holding a bag of sheep droppings

excuse the analogy
bitcoin: healthy human, life expectancy 80+years, intelligent and has a chance to control the world one day
litecoin: disabled human, life expectancy unknown, lack of social skills and wont aspire to be a leader of a community
altcoin: a clone, with birth defects, life expectancy, 3-6months. wont reach critical life achievements such as walking/running within the community.

[Meuh6879]

people with glass on the head ... is a joke.
developper is not at the first line on meetting  ...  

And ...

Until recently, Hearn was a developer at Google, but he recently decided to take the relatively risky step of moving into bitcoin full time.

this guy is not a founder member of bitcoin.

[Meuh6879]

“Basically, progress on the bitcoin protocol has ground to a halt. A complete halt. So this is a crisis period for bitcoin in that sense.”

emule, edonkey, µtorrent and other P2P file transfer is already in "halt" process of developpement ... because it work flawless on every plateform.

it's not a problem to have a great and working device when developpement inside is a mess.
if the mess work, it's perfect.

i build microprocessor for industrial process (automated) ... and you can't imagine that we can do to do a job.
the main goal is :
- process must work
- even when you switching 100 per hour, the main supply

money process do the same at this day... supply with electrical and network and it works.

[medUSA]

So, bitcoin protocol is in "crisis" due to "social issues"? Is protocol work actually difficult to find solution/consensus, and "social issues" is just an excuse?

The only people doing any kind of heavy lifting on the protocol today are people paid by the Bitcoin Foundation,” Hearn explained. “And when I say ‘people,’ what I actually mean is Gavin [Andresen]. There are only three people paid by the Foundation to work on bitcoin, code-wise. And of those, Wladimir [J. van der Laan] and Cory [Fields] refuse to work on the protocol, partly because of the social issues that have come up

[franky1]

So, bitcoin protocol is in "crisis" due to "social issues"? Is protocol work actually difficult to find solution/consensus, and "social issues" is just an excuse?

The only people doing any kind of heavy lifting on the protocol today are people paid by the Bitcoin Foundation,” Hearn explained. “And when I say ‘people,’ what I actually mean is Gavin [Andresen]. There are only three people paid by the Foundation to work on bitcoin, code-wise. And of those, Wladimir [J. van der Laan] and Cory [Fields] refuse to work on the protocol, partly because of the social issues that have come up

so we have:
gavin: foundation paid
garzik: bitpay paid
luke Jr: eligius paid
hand full of others: paid privately
hand full of others: doing it voluntarily.

= not halted