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For the casuals: The latest drama with Mike...
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You are currently reading a thread in /biz/ - Business & Finance

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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)
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>>1045064
So. What possible new "stuff" can bitcoin provide...from a utilitarian standpoint , that another coin or these industries simply making their own blockchains cant achieve?

Onviously the security of the size of the btc chain but since the incentive keeping the chinese mining is cash thats sort of a lose end (if pruce drops below break even for long enough theyll mine something else)

I feel like bitcoin is the myspace of cryptocurrencies
>>
>tfw the financial industry tries their hand at an altcoin scam

Dont know whether to laugh or cry
>>
>>1045093
The network (users, ecosystem) is what makes it valuable. Everything an altcoin does, bitcoin can implement (and vice versa).
Thats why the banking group is trying to sow discord and divisiveness in the community. When that falls apart, bitcoin goes with it. I wonder how long Hearns has been on their side. The block size is not the real issue.
At last I truly see.jpg
>>
>>1045093
>I feel like bitcoin is the myspace of cryptocurrencies
This is a meme.
>>
Nobody cares anymore, assholes. It's over.

It's been 2 years since the bitcoin thing happened. Hahahahaa. LET GO.
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>>1045308
>2016
>still nocoiner copin' hard
>>
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>>1045308
>tfw I made $1500 with BTC in the last 4 weeks with very little effort
>tfw I can't tell anyone how, or my system would fail and nobody would profit
>>
>>1047043
you can tell me anon, I won't tell anyone else
>>
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>>1045064
Wait of course that shit is just fud.

But what I want to know is does anyone have insider information about ethereum?
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>>1047043
Put 10% of your coins in forex and let me trade it for you
>>
>>1047043
You keep swapping to other exchanges
>>
>>1047043
Me too anon :)
>>
>>1047043
I average 60-90$ a day
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>>1045064
So it's literally a false flag

goddamn the feds and the banks are hard at work
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>>1047130
>bitcoin conspiratards really think this
Fucking hell I hate this board
>>
>>1045064
Reminder that it's just one assblasted kid making all these bitcoin shill threads.
>>
>want to get in on BTC
>have little idea what I'm doing
>years too late to do anything substantial
;_;
>>
>>1047058
Next stop $5/ETH
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>>1047058
ETH is a memecoin working with R3CEV lechees (the same ones that delivered the Mike Hearn FUD). That's enough to never trust those morons again.

I can't wait for sidechains to deprecate the fuck out of every altcoin ever. They are so fucking scared of that lol.
>>
>>1047867
Mike hearn won though.

They are changing the blocksize.

Bitcoin is heading down the road of centralisation.

Bitcoin BTFO

Meanwhile rootstock is concept stage vaporware.

Good luck with all that!

Bitcoin BTFO
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>>1047887
cope 1: they aren't changing shit, also Mike Hearn wanted 20MB, not 2.

cope 2: Rootstock is ready to kill your ETH bag.
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>>1049077
Not really. Rootstock is closed source garbage vaporware

Buy ethereum
Thread replies: 23
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