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Author Topic: Very severe blow to bitcoin  (Read 8733 times)
theblacksquid
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July 09, 2014, 11:55:49 PM
 #21

I suggest they change the name of the current Bitcoin Foundation to the Realcoin Foundation and then we can, if needed(?), form a new Bitcoin Foundation for the benefit of Bitcoin.

How are we sure that the "Bitcoin Foundation 2.0" wont turn out the same in the end?

"Either You die a hero, or live long enough to become the villain."

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July 10, 2014, 12:01:27 AM
 #22

Change the title pls. Blessing for Bitcoin. BF becomes less important.
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July 10, 2014, 12:04:01 AM
 #23

No impact on Bitcoin whatsoever.
Bitcoin Foundation will do its thing.
Andreas will continue his awesome efforts.
Anyone know, is he on this forum?
theymos
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July 10, 2014, 12:05:35 AM
 #24

All the core developers who were with Bitcoin at the beginning are starting to leave, this could actually affect the price, especially if the Bitcoin foundation still has the ability to fuck with the network unless the community can create their own fork we all agree on.

What are you talking about? The Foundation is entirely separate from the Bitcoin Core development group. They don't have any power over the network.

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July 10, 2014, 12:06:56 AM
 #25


Andreas Antonop's tweet is the worst news yet that I've heard for bitcoin.  

Looks like Andreas is done with the Bitcoin Foundation. Good. Screw the Bitcoin Foundation.

"I can no longer have even the smallest association with the Bitcoin Foundation, because of the complete lack of transparency" https://twitter.com/aantonop/status/486926129409052672

The Bitcoin foundation has gained Pierce and lost Antonopolos.  This isn't going in the right direction at all.


This is good news, the foundation is a questionable organization for Bitcoin and we need alternatives.
It would be better to start fresh while Bitcoin is still relatively young and get this shuffling done when its not as painful to do.

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July 10, 2014, 12:34:17 AM
 #26

BF has been completely irrelevant to me, hopefully to a lot of others as well.
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July 10, 2014, 12:34:54 AM
 #27

All the core developers who were with Bitcoin at the beginning are starting to leave, this could actually affect the price, especially if the Bitcoin foundation still has the ability to fuck with the network unless the community can create their own fork we all agree on.

What are you talking about? The Foundation is entirely separate from the Bitcoin Core development group. They don't have any power over the network.

the boss himself is entering the discussion, good to see you! yeah well, this is an excellent example of how people may mix up the different groups around bitcoin. doesn't blockchain.info manage the blockchain? wasn't karpeles the CEO of bitcoin? or was it satoshi?
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July 10, 2014, 12:42:58 AM
 #28

All the core developers who were with Bitcoin at the beginning are starting to leave, this could actually affect the price, especially if the Bitcoin foundation still has the ability to fuck with the network unless the community can create their own fork we all agree on.

What are you talking about? The Foundation is entirely separate from the Bitcoin Core development group. They don't have any power over the network.

the boss himself is entering the discussion, good to see you! yeah well, this is an excellent example of how people may mix up the different groups around bitcoin. doesn't blockchain.info manage the blockchain? wasn't karpeles the CEO of bitcoin? or was it satoshi?

It's all an education game.

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July 10, 2014, 12:45:54 AM
 #29

It's just a Mastercoin pump.
I heard Brock's new coins was called Realcoin.
It is, but it's based on Mastercoin.

It's another P&D like the Maidsafe IPO.
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July 10, 2014, 01:17:23 AM
 #30

In case people did not see it, here is the announcement of Pierce's  new RealCoin on the Wall Street Journal, 2014-07-08 (yesterday):

Dollar-Backed Digital Currency Aims to Fix Bitcoin’s Volatility Dilemma
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/

I read that there was already an altcoin with that name, which is already defunct.  This apparently is not it.

Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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July 10, 2014, 02:59:19 AM
 #31

I hope this isn't the real RawDog from youtube, because he is nothing but a troll. 
 

You said it.

What an annoying clown.  He even LOOKS like a troll.

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July 10, 2014, 03:02:30 AM
 #32

Agree with BurtW
Only twitter people or his / stupid people give a crap about the opinion of 1 or a few.

boo hoo BTC foundation is shit. we knew that from day 1.

Isn't It more that the BTC foundation has had leaders who have scammed for 10's of millions ?
and they don't seem to really mind... 

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July 10, 2014, 03:08:03 AM
 #33

I suggest they change the name of the current Bitcoin Foundation to the Realcoin Foundation and then we can, if needed(?), form a new Bitcoin Foundation for the benefit of Bitcoin.

How are we sure that the "Bitcoin Foundation 2.0" wont turn out the same in the end?

"Either You die a hero, or live long enough to become the villain."
That's why we don't need a foundation. What we need is a set of independent crowdfunded projects.

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July 10, 2014, 03:11:32 AM
 #34

That's why we don't need a foundation. What we need is a set of independent crowdfunded projects.
But, but, how will independent crowdfunded projects feather their nests by building a new revolving door regulatory agency they can milk for a pension?
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July 10, 2014, 04:00:43 AM
 #35

Welcome to my ignore, OP. What a loser.
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July 10, 2014, 05:56:26 AM
 #36

No impact on Bitcoin whatsoever.
Bitcoin Foundation will do its thing.
Andreas will continue his awesome efforts.
Anyone know, is he on this forum?

He has an account, he's not vey active though. I don't rember his handle but it should be something very similar to his twitter one.

Edit: https://bitcointalk.org/index.php?action=profile;u=79085

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July 10, 2014, 06:02:48 AM
 #37

Bitcoin is going the right way. Its the foundation that has made a uturn and is driving on the wrong side of the road
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July 10, 2014, 06:18:18 AM
 #38

the sky is falling!

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July 10, 2014, 07:27:15 AM
 #39

Agree with BurtW
Only twitter people or his / stupid people give a crap about the opinion of 1 or a few.

boo hoo BTC foundation is shit. we knew that from day 1.

Isn't It more that the BTC foundation has had leaders who have scammed for 10's of millions ?
and they don't seem to really mind... 

Or day T-minus something.  When Gavin proposed the foundation a year or so before it was created the response here on this forum was overwhelmingly positive.  Only Theymos and a few others (myself included) voiced some concerns strongly enough to give the idea the thumbs down.  As it turned out the results of forming the foundation were worse then I envisioned they might be.  Much worse in fact.

It is actually not possible to know exactly what the impact of TBF has been.  The response from the U.S. govt apparatus has been much more favorable than I expected.  Ditto adoption by mainstream entities.  It is very possible that the actions of the foundation had a lot to do with this, and it is also the case that a vast majority of folks here think that these two things are fantastic.  I don't, so even if TBF is responsible it's not something which would change my mind about their being worthwhile.

The only positive thing I can say about The Bitcoin Foundation is that they have played a major part in destroying most of the philosophical hopes I had for the solution and thereby paved the way for me to feel OK about milking the shit out of it's success irrespective of the impact my actions may have.  At this point my actions are minimal anyway.  About the only real support I've ever lent to Bitcoin was to try to mop up some liquidity in the late 2011 timeframe when that action was sorely needed, and that proved fortuitous.


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July 10, 2014, 07:34:35 AM
 #40

The only positive thing I can say about The Bitcoin Foundation is that they have played a major part in destroying most of the philosophical hopes I had for the solution and thereby paved the way for me to feel OK about milking the shit out of it's success irrespective of the impact my actions may have.
Would you really have acted differently had BF not shown up?
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