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2016-01-16 15:54:18 Post No. 1045064
Post No. 1045064
For the casuals: The latest drama with Mike Hearn calling Bitcoin a failed experiment is a strategic move by R3CEV to influence banks and industry away from Bitcoin, it further proves the fear they have of it being a success (which is not working, as we have tons of new stuff comming soon with 0.12, which will translate in a price recovery over the next weeks as we've seen before after alt-fork fears, which translates in a good opportunity to buy at a discount -pic related-, nontheless ups and downs are irrelevant and just market noise in the long term towards Bitcoin's unstopable path of victory).
If you noticed, yesterday at the Hutchins Center, they had a very important meeting comprised of 15 or so people. They included 6-8 members from the Federal Reserve, R3CEV members, Bitcoin industry members, and also individuals from greater finance.
When the R3CEV guy was speaking, https://youtu.be/R0iArSIU0Z8?t=47m16s [Embed] (@47m16s) , he was saying "I don't know what time it is, but any minute now there will be a New York Times article saying Mike Hearn broke up with Bitcoin and called it a failed experiment."
R3CEV, which is a consortium of 42 banks, paid for the New York Times article and hired a photographer in Zurich to snap that picture of Mike Hearn. Source: https://www.reddit.com/r/Bitcoin/comments/40zhgi/mike_hearn_the_bitcoin_believer_who_gave_up/cyyg36s (look up who that guy is)
How ironic that the article was published during a industry and policy panel. During this panel, which comprised of important people in the financial industry, we're learning about Bitcoin and blockchain. Once they get out of the meeting, and search Bitcoin, they will all see articles saying Bitcoin failed.
This was a nice strategic move by R3CEV to influence the greater industry away from Bitcoin.
The timing of the NY Times article, this policy panel, Mike Hearn's medium blog post, fits all too well. I wonder what their next futile move will be (probably the Classic shit)