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Showing 20 of 409 results by The_Duke
In September 2012, as a response to the BF Announcement I already posted:
Turns out it's all even worse than I suspected back then. But at least my mistrust was justified.
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So the bitcoin foundation (which had nothing to do with founding bitcoin and created itself without involvement from the bitcoin community or its creator) gets a start as some incredibly overhyped Announcement (yeah, with a capital A apparently).
THIS is that big announcement that would bring more stability to bitcoin? A self proclaimed "bitcoin foundation" that on its own decides how to best help bitcoin?
To me, this just looks like a lot of e-peening by a bunch of people who on their own have become too invested in bitcoin and who are in effect decentralizing it by pulling to much attention and too much involvement onto themselves, thereby hindering the openness and freedom of bitcoin.
Why does something that is supposed to be uncontrolled and decentralized need a centralized body to control anything? What if the Bitcoin Foundation starts doing or saying things that a lot of bitcoin users feel is harmful to bitcoin? Can we replace the people in bitcoin foundation?
It will give the "outside world" (filled with evil bankers, corporations and goverments) a centralized point from which to influence bitcoin. (And whoever thinks they will influence it in a direction that is good for bitcoin is just being naive) They can now just talk to THE "Bitcoin Foundation", which happens to also include the major developers, the ones controlling the trademarks, etc.
Under the flag of "not for profit" bitcoin seems to get commercialized. :sad:
THIS is that big announcement that would bring more stability to bitcoin? A self proclaimed "bitcoin foundation" that on its own decides how to best help bitcoin?
To me, this just looks like a lot of e-peening by a bunch of people who on their own have become too invested in bitcoin and who are in effect decentralizing it by pulling to much attention and too much involvement onto themselves, thereby hindering the openness and freedom of bitcoin.
Why does something that is supposed to be uncontrolled and decentralized need a centralized body to control anything? What if the Bitcoin Foundation starts doing or saying things that a lot of bitcoin users feel is harmful to bitcoin? Can we replace the people in bitcoin foundation?
It will give the "outside world" (filled with evil bankers, corporations and goverments) a centralized point from which to influence bitcoin. (And whoever thinks they will influence it in a direction that is good for bitcoin is just being naive) They can now just talk to THE "Bitcoin Foundation", which happens to also include the major developers, the ones controlling the trademarks, etc.
Under the flag of "not for profit" bitcoin seems to get commercialized. :sad:
Turns out it's all even worse than I suspected back then. But at least my mistrust was justified.
These same open source projects are also completely decentralized, some having thousands of developers from all over the world and none are getting paid.
Don't give me that crap. People are paid to work on linux, firefox, apache, and any number of large open soruce projects. In fact, some projects are responsible for the livelihood of developers, such as ruby on rails.
I also get paid to work on one open source project. But I get paid by a company (for which I also do other activities), who want someone to defend their interests in this project. That's all open and transparent.
That is very different from a foundation paying a dev, with this foundation being paid by "members", whose main contributors and board members happen to be... companies that have an interest in the development.
It is not open and tranaparent anymore. Is gavin making code that he wants to make? If he making code that the foundation wants him to make? Is he making code that a specific part of the board of the foundation wants him to make?
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Why shouldn't it be the same with bitcoin, in which their whole points is to support commercial activity!?
Is it? None of the foundations three "missions" are aimed at that though. Not officially at least. I agree that unofficially they *will* be aimed at that of course. And whose commercial activities are they likely to support best you think? Yours? Mine? Or maybe MtGox's? And Bitinstant's?
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You think those linux foundation members are doing nefarious things? I am sure that they are getting some "financial gains" from funding Linus' works.
I don't know. I'm not involved in it. But if I wanted to be involved in it, I'd first check to make sure no companies that have a financial gain (or loss) depending on the direction linux is headed are paying its core devs through the foundation while being in the board if this foundation themselves.
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If you want to fix under-representation in an organization, you fix it by joining it as a member so that you are represented.
If you want an organization that is not under-represented in some areas, then set it up in a way that supports and stimulates that.
No its not. There's plenty of open source project that have excellent security track records where no one gets paid.
Security is an easier problem to tackle in an open source project, sufficiently managed. That's not to say decentralization don't have costs.
These same open source projects are also completely decentralized, some having thousands of developers from all over the world and none are getting paid.
The whole bitcoinfoundation thing has made it less likely that the development will be sustainable, open and decentralized. If I were a developer working on open source projects and perhaps interested in joining another (which I happen to be, heh) I would think twice before joining one where the "lead dev" is getting paid by an organisation that is (partly) ran by some companies that have a financial gain from his work. It will limit freedom, and it is not very open-spirited.
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You can join the Bitcoin foundation as an individual member, have more corporations join it, etc."We set up something flawed, and if you don't like the flaws you can join it and make it better".
The problem with decentralization and extreme resiliency is that it is EXPENSIVE.
No its not. There's plenty of open source project that have excellent security track records where no one gets paid. Also, paying gavin does not make this project more secure, it makes it LESS secure, because it creates dependencies, centralization and it gives influence through a small amount of companies that have a financial interest for themselves rather than towards the community.
either way I came to the final decision of joining the foundation as a lifetime member. Thank you.
Gavin's bank account says thank you
Re: Re: MTGox is apparently out of money...(Inaba and MTGox and his ASICS)
Nar.... He shit all over tom at bASIC... now like any Ego maniac he needs a bigger target.
Because Tom was a liar, as evidenced by his whole scheme falling apart. Or did you miss the fact that Tom's little enterprise exploded in his face because of his ineptness and constant lies?
BTW, if any of you shitheads ever wonder why I'm such an asshole to you, it's because you can't resist following me around, posting irrelevant shit after me, just like the good little followers you are, always eating the shit I leave for you. Enjoy it, because I certainly enjoy watching you eat my shit and hang off my every post. <-- That's only half sarcastic, for those of you not able to catch it.
People like you make others believe people like me.
Re: BTCFPGA announces hosted ASIC plans... what does this portend?
Duke... I have some bad news...
We've come to expect nothing less from you
Re: BTCFPGA announces hosted ASIC plans... what does this portend?
Ah thanks CreativeX, so it is because the device will be using significantly more power than the competition
Which competition would that be? You mean the ones that have only claimed some random power consumption number but have not yet got any device actually up and running, despite promising to deliver
Good for a laugh.
More for a cry. One year later and not much has changed
You would be commited too, possibly even more than they are, if you are sitting on 100k+ Bitcoins that you mined as early adoptor or bought at 10000000:1 ratio.
If you think this is true of either all or a majority of bitcoin-qt devs you're a loony.
Agreed, but it's true for the majority of people on the board of THE foundation.
I think I just figured out what the secret gift is going to be that Bitcoin Magazine is going to send out: a big basket of popcorn to go with this thread. 
You gotta give bitcoin one thing, just when you think it's got nothing more to give, it will always pull shit like this out of the basket
You gotta give bitcoin one thing, just when you think it's got nothing more to give, it will always pull shit like this out of the basket
If you're only dissapointed in some of the entrepreneurs, then I'd say you're still on the positive side of bitcoin. Many of us have lost faith in much more than that already.
Re: here's just how screwed ASIC buyers are - READ THIS if you have a preorder
So these ASICs are still happening?
No.
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I was under the assumption this whole thing was a huge scam.
You were right.
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This thread pretty much confirms that they'll happen,
No it doesn't.
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but basically since everyone will have one,
No they won't.
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then no one will profit.
Correct.
But why not let non-members read about the useful work the foundation is doing rather than restricting read access and adding fuel to the fire about non-transparency, an insider cabal etc.
Somebody could sign up as a member and then try to screen-scrape and republish everything somewhere, so members should assume that whatever they say will eventually be public. Foundation Members, check your emails. Invites to the members-only BTC foundation forum have been sent out.
Love it! Fits the whole set up of the foundation perfectly!
Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence
Awwww poor Sonny! So violated by the US government, including all the judges involved in his case. I felt so sorry for poor Sonny that I immediately ordered OVER 9000 BFL Minirigs to ensure his new venture will become a huge success.
I'm only worried a lill for Sonny now. Because since he's already experienced first hand how the US government cares not for borders or legality and will ruthlessly go after the weak victims if they so desire... one can only imagine what they will do to poor Sonny once they decide bitcoin is a threat and bitcoin mining must be stopped... poor, poor Sonny...
I'm only worried a lill for Sonny now. Because since he's already experienced first hand how the US government cares not for borders or legality and will ruthlessly go after the weak victims if they so desire... one can only imagine what they will do to poor Sonny once they decide bitcoin is a threat and bitcoin mining must be stopped... poor, poor Sonny...
Re: MtGox gross incompetence with handling sensitive (and expensive) AML information
I am beyond furious right now.
They just moved to a new office like 2 weeks ago, and probably forgot to update the address on that page of their website.
Although its their fault, I wouldn't be too pissed off because its an easy mistake to overlook and can happen to anyone.
Calling it gross incompetence may be out of line. While your information is extremely sensitive, even you could have made the same mistake if you were in their position.
Awww look, it's the TBF incrowd downplaying each other's mistakes!
