Leading Bitcoin developer quits, criticising currency as 'failed experiment'
http://www.independent.co.uk/news/business/a-leading-bitcoin-developer-has-quit-criticising-currency-as-a-failed-experiment-a6816551.html
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A leading Bitcoin developer has quit, saying that the currency is a ‘failed experiment’.
Mike Hearn, is one of the most high profile figures associated with Bitcoin. He has been a prominent member of the community in recent years, walking away from a job at Google to devote his time to its development in 2014.
However, Hearn has now made a series of damning criticisms of the project in a blog post announcing his withdrawal from the currency.
In the blog, posted on Medium, he tells Bitcoin users: “Despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly. The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards.
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Mike Hearn, is one of the most high profile figures associated with Bitcoin. He has been a prominent member of the community in recent years, walking away from a job at Google to devote his time to its development in 2014.
However, Hearn has now made a series of damning criticisms of the project in a blog post announcing his withdrawal from the currency.
In the blog, posted on Medium, he tells Bitcoin users: “Despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly. The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards.
...