Mike Hearn, one of the original members of the Bitcoin development team, recently stated that the “Bitcoin experiment” has failed:
"Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the brink of technical collapse. The mechanisms that should have prevented this outcome have broken down, and as a result there’s no longer much reason to think Bitcoin can actually be better than the existing financial system."
http://www.hypebot.com/hypebot/2016/02/why-those-celebrating-bitcoins-death-are-missing-the-point.html
Topic: [2016-02-05] Why Those Celebrating Bitcoin's "Death" Are Missing The Point (Read 188 times)
February 05, 2016, 10:24:38 PM
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