Coup or Death for the Bitcoin Foundation? | Hacker News Reader

Coup or Death for the Bitcoin Foundation?

two-bit-idiot.tumblr.com

48 pointswhbk20 comments

This guy has an horrible writing style for somebody who is meant to be releasing ground breaking information.

What's wrong with it? It's a bit colorful for my taste, but the writing seems precise and clear enough.

Grammatical nitpicks aside, it's just not what you'd expect from somebody who is playing the good-hearted blogger with a lot of sensitive information under their belt.

> Not a happy Friday, Idiots. War.

> To the chagrin of the less confrontational, I plan to attack. And in putting my personal and professional reputation on the line, I will attack ruthlessly, from the front, and (figuratively) shoot to kill.

If you were to go down this particular path, the article just needed to be a clear statement of the information he has and the outcome he expects before he releases it. Instead it's more schoolyard nonsense from people pretending to be better than it all, painting himself as an outspoken martyr and a savior of the community.

> This egregious behavior and negligence may not be the worst of the information to come.

> If I get hit by a bus this weekend, my lawyers will release it.

At best it reads like a blackmailer, extortionist or market manipulator. I'm inclined to believe the latter.

jaw dropping how this so called "industry" behaves. scam here, blackmail there etc.

it's like you give a bunch of kids one new shiny toy and boom, there is war.

You're terribly right. I've never seen immature behavior come from anyone involved in any "grown up" sector of the economy.

After all, there definitely has never been scams, blackmail, or war (literal or figurative) related to traditional currencies.

Point taken.

However, by positioning Bitcoin as a alternative to what most think are corrupt financial institutions, the Bitcoin community is automatically held to a higher standard. So far it's failing miserably to meet that standard.

I've mostly seen claims praising bitcoin as anonymous, distributed, and unregulated currency.

This guy sounds like he lost some bitcoins in mtgox collapse.

another example of the bitcoin community slowly learning why financial regulation and oversight exists...

http://www.aarongreenspan.com/writing/essay.html?id=98

Hiding $12 million from a federal bankruptcy judge in a sham bankruptcy is a bad idea. But maybe there's more than that even.

This guy must not have been involved with bitcoin for long if any of this rustles his jimmies...

Does he indicate that he is surprised? He sounds disappointed and angry, and highly motivated to change things, but I caught no implication of surprise.

fixed

But that doesn't make much sense to me. Like, if I got mugged on the street, my jimmies would be rustled, despite the fact that thousands of muggings occur and have occurred for centuries.

I can't help but think that a scorched earth strategy might backfire...

I'd rather have all the facts open and on the table. For better or worse the amount of information asymmetry in the bitcoin market is staggering.

Oh, I would too... but whatever happens, it's not going to be pretty or look good for Bitcoin.

I'm not sure if that's an overall good thing or bad thing.

Whistleblower Threatens to Expose Corruption at Bitcoin Foundation

http://valleywag.gawker.com/whistleblower-threatens-to-expos...

Definite chip on his shoulder. View a persistent legacy of angry blog posts:

http://two-bit-idiot.tumblr.com/archive

Back story? Anyone know?

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