MIME-Version: 1.0
In-Reply-To: <CANEZrP3F+UQ1amVAK4a9_UCsXia7Yfv0RO4pWK7NTde0GvH-0A@mail.gmail.com>
References: <CANEZrP2rgiQHpekEpFviJ22QsiV+s-F2pqosaZOA5WrRtJx5pg@mail.gmail.com>
	<CALC81CMc7BridL7600b7bij3dJHzeQWgTv=iqVeW--n-we+1Yw@mail.gmail.com>
	<lhua2p$lp5$1@ger.gmane.org>
	<CANEZrP3F+UQ1amVAK4a9_UCsXia7Yfv0RO4pWK7NTde0GvH-0A@mail.gmail.com>
Date: Mon, 7 Apr 2014 10:15:15 -0400
Message-ID: <CAAf19Wrz0u_e5V9Gb=_CAG=mHtE9nA_VETgYZeCXZqwaGeYKuQ@mail.gmail.com>
From: Eric Martindale <eric@ericmartindale.com>
To: Mike Hearn <mike@plan99.net>
Content-Type: multipart/alternative; boundary=f46d044287c0142ab304f6747f62
Cc: bitcoin-development@lists.sourceforge.net,
	Andreas Schildbach <andreas@schildbach.de>
Subject: Re: [Bitcoin-development] Why are we bleeding nodes?
Precedence: list

--f46d044287c0142ab304f6747f62
Content-Type: text/plain; charset=ISO-8859-1

We need to make it so mind-numbingly simple to "run Bitcoin correctly" that
the average user doesn't find reasons to do so in the course of normal
use.  Right now, Coinbase and Bitstamp are winning in the user experience
battle, which technically endanger the user, and by proxy the Bitcoin
network.

Multi-sig as a default is a start.  It won't succeed unless the user
experience is simply better than trusted third parties, but we need to
start the education process with the very basic fundamental: trusting a
third-party with full access to your Bitcoin is just replacing one
centralized banking system with another.

Eric Martindale
Developer Evangelist, BitPay
+1 (919) 374-2020
On Apr 7, 2014 7:05 AM, "Mike Hearn" <mike@plan99.net> wrote:

> My guess is that a large number of users have lost interest after they
>> lost their money in MtGox. The 24th of February coincides with the
>> "final" shutdown
>
>
> Sigh. It would not be surprising if MtGox has indeed dealt the community a
> critical blow in this regard. TX traffic is down since then too:
>
>
> https://blockchain.info/charts/n-transactions-excluding-popular?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
>
> Judging from comments and the leaked user db, it seems a lot of well known
> people lost money there   (not me fortunately). I wish I could say people
> have learned but from the size of the deposit base at Bitstamp they clearly
> have not. A lot of Bitcoin users don't seem to be ready to be their own
> bank, yet still want to own some on the assumption everyone else either is
> or soon will be. So it's really only a matter of time until something goes
> wrong with some large bitbank again, either Bitstamp or Coinbase.
>
> Some days I wonder if Bitcoin will be killed off by people who just refuse
> to use it properly before it ever gets a chance to shine. The general
> public doesn't distinguish between "Bitcoin users" who deposit with a third
> party and the real Bitcoin users who don't.
>
>
> ------------------------------------------------------------------------------
> Put Bad Developers to Shame
> Dominate Development with Jenkins Continuous Integration
> Continuously Automate Build, Test & Deployment
> Start a new project now. Try Jenkins in the cloud.
> http://p.sf.net/sfu/13600_Cloudbees_APR
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>

--f46d044287c0142ab304f6747f62
Content-Type: text/html; charset=ISO-8859-1
Content-Transfer-Encoding: quoted-printable

<p dir=3D"ltr">We need to make it so mind-numbingly simple to &quot;run Bit=
coin correctly&quot; that the average user doesn&#39;t find reasons to do s=
o in the course of normal use.=A0 Right now, Coinbase and Bitstamp are winn=
ing in the user experience battle, which technically endanger the user, and=
 by proxy the Bitcoin network.</p>

<p dir=3D"ltr">Multi-sig as a default is a start.=A0 It won&#39;t succeed u=
nless the user experience is simply better than trusted third parties, but =
we need to start the education process with the very basic fundamental: tru=
sting a third-party with full access to your Bitcoin is just replacing one =
centralized banking system with another. </p>

<p dir=3D"ltr">Eric Martindale <br>
Developer Evangelist, BitPay<br>
+1 (919) 374-2020</p>
<div class=3D"gmail_quote">On Apr 7, 2014 7:05 AM, &quot;Mike Hearn&quot; &=
lt;<a href=3D"mailto:mike@plan99.net">mike@plan99.net</a>&gt; wrote:<br typ=
e=3D"attribution"><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .=
8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote"><blo=
ckquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;border-left=
-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;paddi=
ng-left:1ex">

My guess is that a large number of users have lost interest after they<br>
lost their money in MtGox. The 24th of February coincides with the<br>
&quot;final&quot; shutdown</blockquote><div><br></div><div>Sigh. It would n=
ot be surprising if MtGox has indeed dealt the community a critical blow in=
 this regard. TX traffic is down since then too:</div><div><br></div><div>

<a href=3D"https://blockchain.info/charts/n-transactions-excluding-popular?=
timespan=3D60days&amp;showDataPoints=3Dfalse&amp;daysAverageString=3D1&amp;=
show_header=3Dtrue&amp;scale=3D0&amp;address=3D" target=3D"_blank">https://=
blockchain.info/charts/n-transactions-excluding-popular?timespan=3D60days&a=
mp;showDataPoints=3Dfalse&amp;daysAverageString=3D1&amp;show_header=3Dtrue&=
amp;scale=3D0&amp;address=3D</a></div>

<div><br></div><div>Judging from comments and the leaked user db, it seems =
a lot of well known people lost money there =A0 (not me fortunately). I wis=
h I could say people have learned but from the size of the deposit base at =
Bitstamp they clearly have not. A lot of Bitcoin users don&#39;t seem to be=
 ready to be their own bank, yet still want to own some on the assumption e=
veryone else either is or soon will be. So it&#39;s really only a matter of=
 time until something goes wrong with some large bitbank again, either Bits=
tamp or Coinbase.</div>

<div><br></div><div>Some days I wonder if Bitcoin will be killed off by peo=
ple who just refuse to use it properly before it ever gets a chance to shin=
e. The general public doesn&#39;t distinguish between &quot;Bitcoin users&q=
uot; who deposit with a third party and the real Bitcoin users who don&#39;=
t.</div>

</div></div></div>
<br>-----------------------------------------------------------------------=
-------<br>
Put Bad Developers to Shame<br>
Dominate Development with Jenkins Continuous Integration<br>
Continuously Automate Build, Test &amp; Deployment<br>
Start a new project now. Try Jenkins in the cloud.<br>
<a href=3D"http://p.sf.net/sfu/13600_Cloudbees_APR" target=3D"_blank">http:=
//p.sf.net/sfu/13600_Cloudbees_APR</a><br>_________________________________=
______________<br>
Bitcoin-development mailing list<br>
<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
pment@lists.sourceforge.net</a><br>
<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br>
<br></blockquote></div>

--f46d044287c0142ab304f6747f62--