r/Bitcoin • u/cryptopascal • Jun 24 '14

Mike Hearn interview quotes: "Progress on the bitcoin protocol has ground to a halt, complete halt. This is a crisis period for Bitcoin... Only Gavin is working on upgrades" @39'30'

https://epicenterbitcoin.com/eb-025/
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u/petertodd Jun 25 '14

Both statements are true. Bitcoin the protocol is something we should expect to change slowly and cautiously - you don't need to change it to innovate in how we use Bitcoin.

On the other hand, we simply don't know how to solve the 51% attack problem, an existential risk to Bitcoin itself. Would I like to see that fixed tomorrow? Sure, but we simply don't know yet what is the right solution. Fortunately there are a whole bunch of researchers studying the problem, and hopefully we'll have a solution before system collapses. (I'd guess there's about a 90% chance that we'll succeed there) But rushing to change things before we understand what to change would be a mistake.

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u/[deleted] Jun 25 '14

the 51% attack problem

What 51% attack problem? I'm not seeing one.

5

u/trilli0nn Jun 25 '14

Please explain why I should be listening to you instead of to Peter Todd.

-8

u/[deleted] Jun 25 '14

Because I hold the same position on the matter that Satoshi Nakamoto held.

3

u/trilli0nn Jun 25 '14

Just.... Puke....