The Bitcoin Middle Ground That Nobody Wants To Hear
Bitcoin is a good technology to do that. If you want to send remittances from one country to another, Bitcoin may be a good way to do so if you want to avoid exorbitant fees. And yes, if you want to buy commit illegal acts online, Bitcoin is probably a ...
Roubini unleashes Twitter attack on Bitcoin
Arthur Nakamoto, the brother of Dorian Prentice Satoshi Nakamoto (the man pegged by Newsweek as the creator of bitcoin — the Satoshi Nakamoto) is speaking out this weekend. In a lengthy post on social sharing website Reddit.com, Arthur addressed the bitcoin community with regard to the Leah McGrath Goodman exposé that’s been a main talking point […]
The post Arthur Nakamoto, Brother of Man Pegged as Bitcoin Creator, Speaks Out appeared first on newsBTC.
I’m not going to bury the lead; I am not publishing the article tomorrow that I said I was going to on Friday.
In fact, I never intended to (not yet anyway), and I certainly never intended to loop in the main-stream media so that they could pile on to our fledgling community. I simply hoped that a deadline would pressure Jon and Peter to resign quickly (and appropriately).
While my accusations on Friday were 100% truthful, I now see that I have overplayed my hand. Rather than go all-in with a losing hand, I’m mucking my cards. I never anticipated this degree of backlash from within the community. As such, any further efforts to publicly push for resignations are not well-focused, and I plan to turn down the rhetoric.
On the other hand, I’ll reiterate that while my hyperbolic tone was poor and regrettable, I continue to believe that the Bitcoin Foundation in its current incarnation is significantly damaged, and that Peter Vessenes and Jon Matonis should resign. But it may be better to let the Foundation die a slow, quiet death than to organize a public execution.
I consider myself a Bitcoin entrepreneur first and foremost, and I think that a public spectacle would just provide ammunition for Bitcoin’s formidable external foes. Better to let the community purge itself.
There are many reasons I took the course of action that I did, but as my unorthodox strategy ultimately proved unproductive, I’ll bow out of the conversation with respect to the Bitcoin Foundation without explanations or defensiveness.
I’m sure I’ll be eating humble pie and ramen while I try to rebuild some of my damaged relationships.
I tried something risky. It blew up in my face. That’s ok; I’ll take my medicine.
Looking forward to getting back to my regular boring Daily Bits tomorrow.
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At first glance, one might expect bitcoin to be something that would unite opponents of so-called fiat currencies—the government-printed dollars, yen and euros that form the backbone of global commerce but aren't backed by hard commodities like gold.
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Here's why 'Satoshi Nakamoto' cut ties with Bitcoin
Washington Post (blog)
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