Austin Hill - CNBC

Blockstream CEO Austin Hill in meltdown mode, desperately sending out conflicting tweets: "Without Blockstream & devs, who will code?" -vs- "More than 80% contributors of bitcoin core are volunteers & not affiliated with us."

Blockstream CEO Austin Hill in meltdown mode, desperately sending out conflicting tweets: submitted by Gobitcoin to Blockstream_Exposed [link] [comments]

Blockstream founder/CEO Austin Hill has been in secret backroom deals with miners in attempts to control Bitcoin hashing power since at least May 2014

Blockstream foundeCEO Austin Hill has been in secret backroom deals with miners in attempts to control Bitcoin hashing power since at least May 2014 submitted by Gobitcoin to Blockstream_Exposed [link] [comments]

AMA request: Adam Back, new CEO of Blockstream after Austin Hill left. Remember your 2-4-8 MB blocksize proposal? Those were the days! You don't talk to Bitcoin users much anymore. How's it going? What's going on with Blockstream? There's a lot going on with Bitcoin. Are you free to talk w/us a bit?

Now that you're not only working on Blockstream's latest flagship product (the Lightning Network) but you're also CEO of Blockstream, then it would seem reasonable for the community to expect you might reach out to us once in a while - particularly at times like this when so much is going on with Blockstream and with Bitcoin.
I know I have lots of questions. I tried to group them into half a dozen sets of related questions below. I think many people would really like to hear what you might have to say on these issues.
(1) A recent top post on btc questioned whether Blockstream will ever be able to manage to deliver a "legitimate product" to show for the $76 million that the "VC" venture-capital guys from finance companies like AXA and PwC invested in your startup.
From a business point of view (which supposedly is now your area - as CEO), the following excerpt is perhaps the most interesting section of that post:
[Blockchain's] magical "off-chain layer 2 solutions" were just buzzwords sold to investors as blockchain hype was blowing up. Austin Hill sold some story, rounded up some devs, and figured he could monopolize Bitcoin. Perhaps he saw Blockstream as "the Apple of Unix" - bringing an open-source nerdy tech to the masses at stupid product margins. But it doesn't look like anyone did 5 minutes of due diligence to realize this is absolutely moronic.
So first Blockstream was a sidechain company, now it's an LN company, and if SegWit doesn't pass, they'll have no legitimate product to show for it. Blockstream was able to stop development of a free market ecosystem to make a competitive wedge for their product, but then they never figured out how to build the product!
Now after pivoting twice, Austin Hill is out and Adam Back has been instated CEO. I would bet he is under some serious pressure to deliver anything at all, and SegWit is all they have, mediocre as it is - and now it might not even activate. It certainly doesn't monetize, even if it activates.
So no matter what, Blockstream has never generated revenue from a product.
So... None of your proposed scaling products are actually ready - and nobody even knows if they'll realistically be ready even a couple years from now.
Meanwhile a competitor's scaling product already is ready.
In fact, your competitor's scaling product is not only ready - it's also being used by a small but significant and growing (and intelligent and outspoken and articulate) percentage of users - humming along quietly and compatibly on an increasing number of nodes on the Bitcoin network.
And this competitor's scaling product is so simple and so easy to deploy that it could literally gain consensus on the network at any time now.
That's right: at any point in the next few months, the whole network could "flip over" to your competitor's product - and the whole "flip-over" could happen in a mere matter of days.
And this isn't just some remote possibility - it's actually highly likely, the way things have been going lately.
I wonder what your investors think about that. Have they reached out to express any concerns to you? What have you said to them?
Are we even allowed to be privy to some tidbits from these conversations (just to give us some idea of what you're planning on doing next with Satoshi's reference client which people have entrusted with you)?
What are your priorities now? Who do you regard as your constituency/constituencies? Who are you responsible to - legally as CEO of Blocsktream, and personally, as "Adam Back, Individual"?
Are you under any kind of non-disclosure agreements which would inhibit your ability to speak openly and freely about your plans for Bitcoin with the Bitcoin user community (miners, holders, on-chain transactors)?
You've probably noticed that Bitcoin has been rallying (perhaps on the recent news of Chinese currency devaluation) - but Bitcoin users have been getting a horrible experience, and some have begun complaining rather loudly about it.
People are experiencing massive congestion, delays, and unreliable delivery using the software which your company refused to upgrade (even though you yourself proposed a one of the many simple obvious upgrades which would have solved the current congestion: your 2-4-8 MB proposal).
How do you feel about this?
Do you recognize the role you have played in helping to bring this situation about?
Do you have any ideas on things you might be able to do to improve this situation?
(2) Your competitor's upgrade (already running on part of the network) would easily solve the current congestion problems - with no change to the existing network topology, with minimal impact on the existing software ecosystem currently used by the major wallets and exchanges, and without the need to do any further blocksize upgrades in the future (since it makes the blocksize an emergent phenomenon continuously adapting via consensus on the network).
Meanwhile, your proposed scaling product isn't ready yet, might not be ready for months or even years, doesn't have a defined working network topology (no routing), and would massively impact the existing software ecosystem - requiring thousands of lines of code to be re-written (and re-tested and re-deployed).
Do you have anything you would like to say to users and your fellow developers who would be heavily impacted by your proposals and your delays?
What are you telling your investors about how this current situation is likely to play out?
What kinds of plans does your company have if its products fail to materialize - or materialize but fail to be adopted by users?
There have been ongoing concerns and objections regarding your company's decision to deploy your upgrade using a methodology which many people believe is needlessly over-complicated and thus less safe for the network: ie, your insistence on upgrading via a soft fork
Many developers (not directly associated with your company) have pointed out that hard forks are signficantly cleaner and safer because they're simpler and more explicit.
Why are you continuing to insist on doing a soft fork, over the reasonable objections of your fellow developers in the community?
What do you have to say to allegations that your company is putting its own interests ahead of the interests of the Bitcoin community (because hard forks are better for Bitcoin but soft forks are better for Blockstream)?
As CEO of Blockstream, do you have anything you'd like to say to the community about these issues regarding the differences between your company's technology, upgrade path, and timetable versus the competition's?
And again, what are you saying to your investors about all of this?
(3) Austin Hill was CEO of Blockstream before you, and he recently left. The community is putting its own various spins on his departure. Do you have anything you'd like to tell us about why he left?
Blockstream was basically created by you and Austin and CTO Gregory Maxwell.
What kind of relationship did you and Austin have? At the beginning, and towards the end of his tenure as CEO?
What were your and his understandings of Blockstream's business plans and prospects?
Did these change over time?
What kind of role do you see yourself playing now - as a cryptographer who now finds himself CEO of a company that claims to be custodian of the "reference client" of the world's leading cryptocurrency?
(4) Regarding the "reference client" - do you have anything to say about the recent statements from prominent developers criticizing your dev team for taking the unusual approach of trying to pass off your reference client implementation as some kind of "de facto" specification?
In particular, how would you respond to fellow prominent cryptocurrency researchers (Emin Gün Sirer and Vitalik Buterin who last week publicly criticized your team's unorthodox claims that "the reference client is the specification"?
As a mathematician and a programmer and an academic, surely you have a deep understanding of the relationship between a specification and its implementation(s) - in particular, the Curry-Howard isomorphism which states that this relationship is equivalent to the relationship between a theorem and its proof(s).
Are you going to also tell us with a straight face (like some of the junior colleagues associated with your company already have) that "the implementation is the specification" or that "it isn't possible to write a specification for this implementation"?
Do you realize how silly this sort of thing sounds to the actual computer scientists involved in Bitcoin - who understand quite clearly that you're saying "we're writing a proof without a theorem" when you say "we're writing an implementation without a specification"?
Do you not feel compelled to engage with at least your fellow crytocurrency researchers who made these kinds of public criticisms of the very mathematical foundations informing your company's view of its role in the standardization process for the Bitcoin protocol?
Are you still even at liberty to participate in these kinds of spirited debates on mathematical foundations with your peers in the community, given your other commitments and obligations as CEO now?
(5) Now you're CEO of Blockstream, and Greg Maxwell continues as CTO.
We all know that this is probably the first time in history where the CTO of a major company has previously publicly called the new CEO a "dipshit" - but we're all adults and people say things.
Beyond that moment of friction in the past: What are you and Greg working on these days, and how do you work together?
Given the current events and controversies in the Bitcoin space (the ongoing congestion problems, the rise of Bitcoin Unlimited, the growing rejection of your products such as SegWit by ViaBTC and other major users), how are the devs and owners of Blockstream reacting to all these ongoing developments?
Do you and Greg agree on the course your company is taking with Bitcoin?
(6) Since its founding, we've come to discover that the cornerstone of Blockstream's strategy has been to try to prevent other development teams from providing "level 1" scaling solutions for Bitcoin.
There have been several examples of this:
  • censorship of on-chain scaling proposals on r\bitcoin and at conferences;
  • statements by miners from China implying that they cooperated with your goal to stifle your competition - although you stiffed ended up stiffing your "collaborators" on that deal, when you broke the Hong Kong agreement
Meanwhile, Blockstream's much-hyped proposed level-2 scaling solutions are starting to look so flawed and faraway and incomplete that serious questions are being raised as to whether they will ever come to fruition - not only several months from now, but even possibly several years from now.
In light of the above (Blockstream's failure to deliver its own proposed level-2, off-chain scaling solutions - along with its efforts to prevent other parties from delivering their working, level-1, on-chain scaling solutions) - as well as your well-known calls for people to "collaborate" - what kind of collaboration do you envision we could work on together at this time?
In particular, you are well-aware of the community's urgent need for simple and safe on-chain scaling solutions at this time - and indeed you were the author of one such solution at one point, your earlier 2-4-8 MB proposal.
How did we get to this point we're at now - where multiple, obvious, easy on-chain scaling solutions have been staring us in the face for ages (Bitcoin Unlimited, your 2-4-8 MB proposal) - and yet today here we are today with Bitcoin network performance being degraded before our very eyes, users publicly complaining, miners rejecting your proposed future scaling solutions, and no current scaling solutions from you, after all these broken promises and missed deadlines?
How did you let things drag on for years like this, with Blockstream continuing to fail to deliver your proposed scaling solutions, while simultaneously preventing anyone else from delivering their already-implemented scaling solutions?
How can you claim to want to "collaborate" with the community if you've let the situation, and the communication, deteriorate to this point?
Do you, Adam Back, have anything you can contribute to help Bitcoin at this time - as CEO of Blockstream, or as an individual?
submitted by ydtm to btc [link] [comments]

Blockstream founder/CEO Austin Hill has been in secret backroom deals with miners in attempts to control Bitcoin hashing power since at least May 2014

Blockstream foundeCEO Austin Hill has been in secret backroom deals with miners in attempts to control Bitcoin hashing power since at least May 2014 submitted by Gobitcoin to btc [link] [comments]

Austin Hill, CEO of Blockstream, will soon have a monopoly on Bitcoin development.

Austin Hill, CEO of Blockstream, will soon have a monopoly on Bitcoin development. submitted by historian1111 to Bitcoin [link] [comments]

Austin Hill in meltdown mode, desperately sending out conflicting tweets: "Without Blockstream & devs, who will code?" -vs- "More than 80% contributors of bitcoin core are volunteers & not affiliated with us."

Blockstream President Austin Hill austindhill sent out some desperate, conflicting tweets today:
Once BTC is done with it's insular circle jerk about how Straussians have infected Blockstream & devs( who are volunteers): who will code?
https://twitter.com/austinhill/status/703965871085989888
Individual volunteers like Chaincode Labs, Ciphrex & more than 80% contributors of bitcoin core are volunteers & not affiliated with us
https://twitter.com/austinhill/status/703963150815592449
Make up your mind, dude!
Either "80% of Bitcoin contributors are not affiliated with Blockstream" - or "without Blockstream, who would code for Bitcoin?"
Which is it?
I guess this guy's strong point isn't logic.
But he sure is good at other things: letting Blockstream fall under the influence of the Bilderberg Group - and driving users off the Bitcoin network!
Hmm... Occam's razor would suggest that "driving users off the Bitcoin network" might actually be his real goal here.
Is the real power behind Blockstream "Straussian"?
https://np.reddit.com/btc/comments/3y8o9c/is_the_real_power_behind_blockstream_straussian/
WSJ, NYT, Yahoo Finance, Independent (UK), Wikipedia report that Blockstream is funded by top insurer AXA, whose CEO is on the board of HSBC and chairs the Bilderberg Group. Blockstream President Austin Hill desperately tweets trying to dismiss these facts as "batshit crazy Illuminati theories"!
https://np.reddit.com/btc/comments/48az09/wsj_nyt_yahoo_finance_independent_uk_wikipedia/
submitted by UndergroundNews to btc [link] [comments]

07-19 03:52 - 'Austin Hill (former Blockstream CEO) gets served in /r/btc' (reddit.com) by /u/wakudesangaman removed from /r/Bitcoin within 0-9min

Austin Hill (former Blockstream CEO) gets served in /btc
Go1dfish undelete link
unreddit undelete link
Author: wakudesangaman
submitted by removalbot to removalbot [link] [comments]

"The Bitcoin Blockchain has had the world's largest running security bounty for the last six years" Austin Hill of Blockstream at Consensus 2016

submitted by MemoryDealers to btc [link] [comments]

Blockstream founder/CEO Austin Hill has been in secret backroom deals with miners in attempts to control Bitcoin hashing power since at least May 2014

Blockstream foundeCEO Austin Hill has been in secret backroom deals with miners in attempts to control Bitcoin hashing power since at least May 2014 submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Austin Hill in meltdown mode, desperately sending out conflicting tweets: "Without Blockstream & devs, who will code?" -vs- "More than 80% contributors of bitcoin core are volunteers & not affiliated with us." /r/btc

Austin Hill in meltdown mode, desperately sending out conflicting tweets: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Austin Hill on Twitter: "Individual volunteers like Chaincode Labs, Ciphrex & more than 80% contributors of bitcoin core are volunteers & not affiliated with us"

Austin Hill on Twitter: submitted by Egon_1 to btc [link] [comments]

"The Bitcoin Blockchain has had the world's largest running security bounty for the last six years" Austin Hill of Blockstream at Consensus 2016

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Austin Hill on Twitter: "Individual volunteers like Chaincode Labs, Ciphrex & more than 80% contributors of bitcoin core are volunteers & not affiliated with us"

Austin Hill on Twitter: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Blockstream Austin Hill rewriting history, in the best dictatorship tradition. About Adam Back : 'Absolutely he deserves all the credit due as inventor the the combination of techniques that gave us Bitcoin and the Blockchain.'

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How would blockstream be different without Austin Hill ? /r/Bitcoin

How would blockstream be different without Austin Hill ? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Blockstream CEO Austin Hill: For instance, having a USD or EURO FIAT coin... would allow for Bitcoin exchanges to evolve into what has been referred to as Type III exchanges.

Blockstream CEO Austin Hill: For instance, having a USD or EURO FIAT coin... would allow for Bitcoin exchanges to evolve into what has been referred to as Type III exchanges. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Back to the Future

Back to the Future
Recently, there were so many articles about Satoshi and who could he be. To be honest, I have my theory and I do think that he should remain anonymous. Anyway, today I decided to dig a bit into history, without any particular expectation, mainly to learn about great people who made it all possible.
First thing that come to my mind is to learn about Wei Dai, his interests and evolution. Wasn't sure where to start, but I did know that he was involved in onion routing, so I went to onions archive. When I started reading their discussions, first thing that I noticed is how almost all members are "old school". It's way easier to find people who use double space than the ones who doesn't :)
It's a list full of amazing people, starting with Michael G. Reed, Paul Syverson, David Goldschlag, of course Wei Dao and people like Austin Hill from Zero Knowledge Systems (where Adam Back worked at that time).
Anyway, one person who made me curious and did not use double space, had a signature:
=-----------------------------------------------------------------------=
Jeremey Barrett VeriWeb Internet Corp.
Crypto, Ecash, Commerce Systems http://www.veriweb.com/
PGP Key fingerprint = 3B 42 1E D4 4B 17 0D 80 DC 59 6F 59 04 C3 83 64
=-----------------------------------------------------------------------=
and after some time it went to:
Jeremey Barrett BlueMoney Software Corp. Crypto,
Ecash, Commerce Systems http://www.bluemoney.com/
PGP key fingerprint = 3B 42 1E D4 4B 17 0D 80 DC 59 6F 59 04 C3 83 64
=-----------------------------------------------------------------------=
It made me curious. This was in 1997 (more than 20 years ago) so I did wanna check who this guy is considering that he is promoting Ecash / Commerce Systems (aka markets). It did strike me immediately as someone who would eventually be interested in bitcoin 10 years latter. So, I did check his sites. veriweb was a big surprise, first thing that I noticed was:
BlueMoney logo
That B did look familiar ;) It's all about "Secure Transactions for Internet Shopping". One more thing I that stroke me is sentence "Cyberspace is like ether, part of the sky, which is blue". So 12 years before bitcoin is even made they were using something that's really similar to BTC symbol and also "Ether" ;) veriweb was just a parent company, their product was BlueMoney. and site looked like this. You will notice another similar logo:

BlueMoney logo
I did try to search for this company and one of the rare articles does explain it and who are founders "The company was founded in May 1996 by John Sweet, President and CEO; Jeremey Barrett, Chief Technology Officer; and Ben Kavanagh, Vice President of Operations.".

This made me really really curious. So, I did some additional search on Jeremey. He was an user on cryptoanarchy.. You can see some of his posts there but two of them stroke me as important. First one with subject "World's first Ecash note" and second one that was a reply to Adam Back's and his incentive to create alt.cypherpunks. He was the first one to reply.

No, he is not Satoshi, but I did suspect for a moment. There was a clear connection to Wei Dai and Adam Back, first two persons that Satoshi contacted and asked for feedback on his whitepaper. Just that "like bitcoin" logo was enough to make me excited ;)
I've spent a lot of time today on this, went through hundreds of sites and don't wanna bother you with details about this You can do your own "mini investigation".
I can only say that none of them is Satoshi Nakamoto, I'm almost sure about it. On other hand, finding real Satoshi on Onion routing / TOR mailing lists wouldn't be a surprise, it would be expected IMHO. I don't buy the story that he have come from nowhere and had no previous experience there. I'll just leave it to this, I wanted to share some interesting details and how "BTC" logo, or something that looks like it, existed in 1996. It's fascinating.
This thread will probably be buried in bitcoin but if it somehow get traction I will make some edits, future explanations and details about my "one day research".
submitted by NekoNormalan to Bitcoin [link] [comments]

How many bitcoin developers are employed by AXA-owned Blockstream? One simple chart reveals almost half of Bitcoin developers are employed by Blockstream.

How many bitcoin developers are employed by AXA-owned Blockstream? One simple chart reveals almost half of Bitcoin developers are employed by Blockstream. submitted by poorbrokebastard to btc [link] [comments]

Blockstream CEO resigned (or fired) in leadership Shake-Up!

Blockstream CEO resigned (or fired) in leadership Shake-Up! submitted by blockologist to btc [link] [comments]

Blockstream founder and CEO Austin Hill's first start up was "nothing more than a scam that made him $100,000 in three months based off of the stupidity of Canadians."

Blockstream founder and CEO Austin Hill's first start up was submitted by Gobitcoin to btc [link] [comments]

A page taken out of the National Security Report on Virtual Currencies

A page taken out of the National Security Report on Virtual Currencies submitted by Digitsu to btc [link] [comments]

The original cyberpunk opines on Tezos

Opinion of Austin Hill, former founder and CEO of Blockstream, currently a VC in Canada. Apart from Tezos, quite a bit of caution re other ICOs.
https://venturebeat.com/2017/08/29/the-risks-of-putting-your-money-into-initial-coin-offerings/
Tezos raised $240 million for a ridiculous, crazy — I’ve shown computer scientists the Tezos white paper and others like it and they just laugh. They joke that kindergarten kids must have written this.
I guess, @murbard would have to prove them wrong.
EDIT: title should have said cypherpunk instead, sorry.
submitted by protagonist85 to tezos [link] [comments]

How Much Can You Make Mining Bitcoin With 6X 1080 Ti Beginners Guide BITCOINs Final Shakeout Before the Real Fun Begins! Austin Hill - YouTube Austin Armacost CARRIES James Hill TO BED! BIZ Karts EcoVolt NG+ 360 video

The company efforts were started pre-austin. We lured Austin in and got him addicted to the Bitcoin bug. The developers at the company now are all co-founders. I took a pay cut to work here, and help build technology that I think the ecosystem really needs but which have been going unfunded. The focus of the Austin meetup group is to foster the development of this new industry by supporting Bitcoin startups, Snow said. About a half-dozen entrepreneurs plan or have launched Bitcoin companies in the Austin area, Snow said. Chief among them is CoinTerra, which designs and produces Bitcoin mining computer systems. The startup launched One of the key sectors to adopt blockchain technology will likely be government regulatory agencies, says Austin Hill, Blockstream CEO, in a recent Bloomberg TV interview. Bloomberg TV host Angie Lau interviewed Hill on “First Up.” Blockstream has developed a blockchain “sidechain” technology to bringing cross-chain functionality between the bitcoin blockchain and other public and View Austin Hill’s profile on LinkedIn, the world's largest professional community. Austin has 18 jobs listed on their profile. See the complete profile on LinkedIn and discover Austin’s connections and jobs at similar companies. Austin 78 ° Sponsored By. Toggle Menu of the Lobbying Disclosure Act in the case involving a cryptocurrency called AML BitCoin. in 2006 to a wide-ranging influence peddling probe that

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How Much Can You Make Mining Bitcoin With 6X 1080 Ti Beginners Guide

Titus O'Neil's mom on having her son when she was 11 years old: My Son is a WWE Superstar - Duration: 14:40. WWE Recommended for you RYKER: Rykin' the Austin Hill Country in 360° video! - Duration: 16:12. ... Banking on Bitcoin YouTube Movies. 2017 · Documentary; 1:23:41. Gordon's Quick & Simple Dinner Recipes ... "The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST). Like this video? Tips are greatly appreciated :-) Bitcoin (BTC) Address: 1JcnXtnfEMuEnF6vGLTyvbbQXxHKsebLeE Ethereum (ETH) Address ... Unsubscribe from Austin Hill Partners? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 7. ... Banking on Bitcoin YouTube Movies. 2017 · Documentary; 1:23:41.

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