?

Log in

log f-list backlog .nfo back back forward forward
Gavin Andresen and Mike Hearn want to sabotage Bitcoin on behalf of the US government. - Andrew Auernheimer
Oðinnsson. Market abuser. Internationally notorious computer criminal.
weev
weev
Gavin Andresen and Mike Hearn want to sabotage Bitcoin on behalf of the US government.
They're at it again. Bitcoin XT developers are releasing histrionic, emotionally charged blog posts declaring the failure of Bitcoin. These blog posts are promoted by their connections in the (((international media))) to try to spread fear, uncertainty, and doubt around the status of Bitcoin and bully people into accepting their suicidal "solutions" to problems that don't really exist involving block size limits. Bitcoin's only problem is a public tantrum from two former developers who were disallowed radical protocol changes. Mike Hearn, the current tantrum thrower in chief, isn't even in Bitcoin Core's top 100 contributors.

Histrionic whining on Medium and Reddit is not the proper way to present engineering solutions. Their campaign looks more like some sort of intelligence operation than a patch submission. There's a reason for this: it is.

I have a lot of skin in the game on this issue. I am a target of the United States government, and as such I have a very hard time receiving money. It doesn't matter that I have left the United States because of continuing persecution there. Their control over wire transfers between all countries with Rothschild banks is complete. The United States seizes money on lawful transactions between EU states over things as insignificant as Cuban cigars, despite none of the countries involved participating in the US embargo against Cuba. I've had my bank accounts, payment processing services, and brokerage accounts shut off. Bitcoin is the only way I can engage with any financial services. If it is centralized and subject to controls similar to SWIFT wires and credit card processing, my continued existence would no longer be feasible. Bitcoin is the the most important development in human rights in centuries.

Here's the facts: Gavin Andresen and Mike Hearn want you to switch to something called Bitcoin XT or Bitcoin Unlimited or some other fork of Bitcoin that is under unilateral control so that they can centralize Bitcoin to a dangerous degree-- enough to put it under the control of a government hostile to liberty like the United States. While they do this, they hilariously complain about "oppression" and "censorship" on forums that clean away their bullshit altcoin spam postings.

There are two likely incentives for doing this:
1) They have placed short positions against Bitcoin.
2) They are funded by people that wish to see Bitcoin less free.

Now reflect for a moment that the only major industry supporter of the Bitcoin XT proposal is Coinbase whose gigantic series C round was lead by the New York Stock Exchange. I doubt their financial interests are aligned with a free and unregulated global marketplace.

The good news is that they seem to have lost most of this battle. Consensus on the network is determined by the nodes people run on it. Bitcoin XT only has about 500 nodes. Bitcoin Core, the real Bitcoin software, has about ten times that. The majority of the mining capacity is in China, and Chinese people have little incentive to centralize Bitcoin for the convenience of US intelligence and enforcement organizations. So I must celebrate China's shrewd rejection of XT today.

If you love liberty you should call XT's shilling and spamming out for what it is. If you are invested in Bitcoin you also must do so. If XT gets their way and centralizes Bitcoin, Bitcoin will lose its primary feature of freedom from centralized authorities and thus lose its source of value. You can also support Bitcoin's continued freedom by running a full Bitcoin Core node, and buying and saving Bitcoin.

Bitcoin transaction fees going up is not the end of the world. It's good for miners, and necessary to protect a limited resource like space on the blockchain. I'm willing to pay higher fees to see Bitcoin stay free from government control, and everyone else who loves Bitcoin should be so willing as well.

16 comments / leave comment
Comments
From: (Anonymous) Date: January 15th, 2016 06:47 am (UTC) (link)
Nice post. Now that XT has utterly failed, though, its supporters have changed tactics. Now they're pushing something called "Bitcoin Classic", which doesn't even have any specific technical changes defined yet, but is promising to decide all changes "democratically". Clearly, they don't care about the actual technology for now, and they just want to get control over Bitcoin. It's disgusting.
weev From: weev Date: January 15th, 2016 07:22 am (UTC) (link)
I seriously think that something should be done about them. Like, whatever is necessary, however is necessary. How much damage do they have to do before the community ensures that they are no longer a problem, one way or another?
From: (Anonymous) Date: January 16th, 2016 09:05 pm (UTC) (link)

I'm a human below

Supposedly Bitcoin classic already has a 72% majority. The main point is an increase of blocksize to 2mb.
weev From: weev Date: January 17th, 2016 04:14 am (UTC) (link)

Re: I'm a human below

http://xtnodes.com/

Bitcin Classic has less nodes than XT and BU, both of which are also a fucking joke.
From: (Anonymous) Date: January 15th, 2016 10:07 pm (UTC) (link)

Welp

It's a problem that's solving by itself: according to Hearn, Chinese miners are both on low-bandwidth internet and armed of continental-sized botnets, so every time they put up forks they'll probably get DOS'd by Chinese guys defending their interests.
From: (Anonymous) Date: January 15th, 2016 11:05 pm (UTC) (link)

just a rant

Hello Weev,

I mostly agree with you, but I can't like this article.

You haven't even considered any of the criticisms of Bitcoin brought up by M.H., like the scalability issues and the Chinese miners' monopoly on price and Bitcoin popularity. You've just written a rant that doesn't bring anything new to table.

At a glance, altough some of it is F.U.D., I find myself agreeing with most of the points of M.H. (I still have to look into it myself, was hoping you'd do this ;) however his solution is flat-out wrong : letting the miners vote for protocol upgrades is ludicrous !

As I'm writing this, Bitcoin value is in total freefall - one must wonder if it's just the effect of some shitty post by M.H. or if there are larger forces at work (the Chinese governement perhaps ?).

Cheers,
Anon1.0
weev From: weev Date: January 16th, 2016 01:45 am (UTC) (link)

Re: just a rant

Every Jewish media outlet in the world is printing "bitcoin is dead, bitcoin has failed" based on the lies of a guy who isn't even legitimately a Bitcoin developer and you're blaming the Chinese government? You're a fucking retard, brah.
labrynthos From: labrynthos Date: January 16th, 2016 01:55 am (UTC) (link)
Are you able to find paid work in your current location? Either under the table or under some kind of foreign-worker program? I guess if you were, you'd have done it by now. I hope a workable solution is found.
weev From: weev Date: January 16th, 2016 02:15 am (UTC) (link)
the mean salary in this city is $160/month. there's also no chance for me to work here if I was interested in working for so little-- nobody speaks english, and they don't seem keen to learn it, so the language barrier is impossibly high until I learn Russian
labrynthos From: labrynthos Date: January 17th, 2016 12:05 am (UTC) (link)
Russian is worth it. All the post-Soviet nations still use it. But yeah, low salaries compared to the US suck. :-/
From: (Anonymous) Date: January 16th, 2016 08:04 pm (UTC) (link)

Hello

Hey weev,

You haven't really talked about OBL on your blog.

OBL's goal was to bankrupt the US, and he was completely successful.

The Afghanistan and Iraq wars have cost $4 to 6 trillion. That's $12,000 to $20,000 for every US citizen, or $1,000 to $1,300 every year since 2001.

Bush, Cheney, and Rumsfeld were responsible too and should be tried and executed as war criminals.

This topic is also more closely related to the US dollar and societal problems in the US than most people in the US think.

Take care~
From: (Anonymous) Date: January 16th, 2016 10:51 pm (UTC) (link)
wtf
From: (Anonymous) Date: January 16th, 2016 11:11 pm (UTC) (link)
So you just insult people when you don't have any answers ?
Even more, it looks like you're censoring my comments.

I didn't say the Chinese gov is at fault, it was a supposition and there's a question mark in that sentence, so learn how to fuckin read, "brah".

And yeah, I have a problem with explaining a 20% price drop in Bitcoin price just because of some dude writing a blog post. If that really is the case then Bitcoin is a very fragile technology. I tend to think there are also other forces at play that prepared this event.

Anyways, you probably won't even publish this comment - never thought you"d be butthurting so easily, it's actually sad.

For the record, all I wanted to point out is that you haven't talked about any of the technical issues that Mike Hearn rants about in his article and I thought it would be interesting to see what you think about it and what the solution would be for you.

GLHF with your blog
weev From: weev Date: January 17th, 2016 04:11 am (UTC) (link)
there are no technical issues. if the blockchain gets full, fees go way up. it's a limited resource and the market can begin pricing it as such. not every 3 cent transaction needs to resolve on blockchain.
From: (Anonymous) Date: January 17th, 2016 10:23 am (UTC) (link)
Cool, thanks for sharing :)
From: (Anonymous) Date: January 21st, 2016 02:12 am (UTC) (link)
"And yeah, I have a problem with explaining a 20% price drop in Bitcoin price"

I'm looking at the chart right now and see its increasing in value. Bitcoin has real value, because its outside the reach of Big Gov. No matter what the creeps try, its not going anywhere.
16 comments / leave comment