Mike Hearn to Hold an Ask Me Anything Session

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Oh, the drama, such drama. This in turn provoked a whole torrent of hot takes and reactions, which mostly had one thing in common: Which in turn provoked another angry line-by-line response by Sam Patterson.

Are you exhausted yet? Bitcoin is, in fact, far further from death than it was all the many other times its demise was gleefully, and wrongfully, proclaimed. If this were only a technical dispute, though, it would provoke far less rancor. And who gets to define it? Should Bitcoin be Gold or should Bitcoin be Visa.

The alternate vision, now apparently in the ascendant, is Bitcoin-as-Gold … with, eventuallya semi-separate Visa layer built atop it. Personally I too think the latter is the right decision.

But the most important question, the crux of this Great Bitcoin Schism, is: In theory, the Bitcoin miners who have put many millions of dollars into their custom hardware decide what happens to the Bitcoin network. They can only choose whether or not to run the code presented to them. In practice, as is so often the case, an enormous burden of authority and responsibility accrues not to they who own the hardware, but they who write the software.

But I also think they have explained themselves with the kind of dismissive lack of clarity all too common among brilliant engineers, and have misinterpreted and misunderstood the concerns of the rest of the Bitcoin ecosystem. As a result, while Hearn may be gone, the hard fork lives on. A new alternative called Bitcoin Classicintroduced by a group of technically inferior but politically wilier developers, appears to be winning considerable though not decisive support.

The Bitcoin network must be decentralized, permissionless, and trustless. Otherwise it literally has no reason to exist. On stage right now: Truly an historic moment. The Bitcoin Core folks know this. Indeed, their opposition to increasing the block size is partly rooted in a concern that it will centralize mining even further.

But, unfortunately, the second internal contradiction is that the decentralized Bitcoin project needs some form of technical governance and guidance. Very few people do, right now — and most of them are part of Bitcoin Core. But I do for the second. Before anyone brings it up: But technical decisions made under that kind of political aegis would be easier to accept for all concerned.

Perhaps the time has finally come for Bitcoin to become just a little bit more boring. Beneath all that sound and fury, though, I promise you, something interesting is happening.

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Our site uses cookies. To find out how, please visit our policy page. The blocksize debate had been brewing for years and years. Mike always seemed the more logical person in his approach. At times fiery in his demeanour, but someone who always knew where the goal posts were.

Hearn was a former contributor to Bitcoin Core. An astute developer, one who understood the economic model of Bitcoin better than most. It was often interesting to see both Gavin and Hearn being on the same team, but with Mike always being the louder of the two in his condemnation and his dismissal of points he did not agree with.

Gavin was usually more diplomatic in nature. But the frustration with failing to get any traction on the blocksize issue led to Gavin, Hearn and company implementing Bitcoin XT with an 8MB blocksize, doubling every two years.

It was at this point that mass censorship began. No links, no references, no criticism of Core allowed from that point on. It was around this time where I got my first glimpses of censorship. In fact, at that time, I actually agreed with some moderation — and agreed with some that a competing client threatens the overall perception of the system.

In particular, posts about anything especially emotionally-charged will be deleted unless they introduce some very substantial new ideas about the subject.

I never agreed with the extreme measures taken, but I was also not willing to be part of a schism in Bitcoin. After all, economic pressure is a powerful thing. I genuinely expected that, and I had no doubts. The extent of the attacks showed that the entity responsible was well funded, and willing to go to any lengths to stop the opposition.

The conferences worked very well in stalling negative opinion about Core — long enough to see BitcoinXT fail. The frustration and anger that built up as a direct result of multi-faceted attacks. Censorship, lies, DDoS attacks, personality attacks, smear campaigns, and quite frankly, terrible choices of committed code for Core were too much, and Mike quit.

Many new users may not have come across the piece, but in my opinion, it is a timeless paper worth cementing in the annals of Bitcoin history. It encapsulates the worst of Blockstream and Core on a single webpage. The reception of his piece from within the Bitcoin community was highly negative.

I certainly did not welcome it — at the time. In fact, it led me to write my first ever piece on Bitcoin and I criticised him heavily.

For one I was most blind to the level of crap you went through. I was also a victim of the censorship. I figured, with a wave of people screaming for more transaction capacity, that the walls of political persuasion would crumble. Then we ended up hitting the ceiling again and again.

I was convinced that as pressure builds, the pipeline would burst. The reactive changes I very much anticipated did not come about either. The censorship endured by the Bitcoin Unlimited team. The list is endless. I know many people in the community who feel they owe you an apology. Ironically you became a sacrificial lamb of sorts. Your sensational exit actually opened the eyes of many. Your hard work in BitcoinXT has finally now come to see the light of day.

Your shared vision for Bitcoin lives on. Never have I ever engaged in discussion against any big blocker in any way shape or form. Never did I participate in any online discussions against any big blocker.

In , I was no where near as entrenched in the politics of Bitcoin as I am today. I had written one article in criticism of Mike Hearn following his exit. Since criticizing his exit, I have spent my entire energy in countless pieces online, on forums, at conferences, in defense of everything he worked towards, and in defense of his character.

It was a lesson — to me, and I hope to the greater community. Understand that Censorship is real — and question just how compromised you might be… I was humbled when he personally said that all was good. You have to go through the rabbit hole to find out.

We were all pro-btc at a certain point in time. An Ayre Group Property. An Apology to Mike Hearn Editorial. I feel a large chunk of the community owes this Mike. I know I certainly do. One of the most disturbing things that took place over the course of is that the flow of information to investors and users has dried up.

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