Topic: [2016-02-09] Bitcoin to live on like the Pterodactyl (Read 361 times)
What a shitty article. Thanks for sharing.
The reports of the death of Bitcoin may be exaggerations but they're out there.
In a widely read post, one of the most prominent Bitcoin developers, Mike Hearn, announced he had pulled out of the project because Bitcoin had failed. Others will disagree but Hearn made some points that are pertinent whether he's right or wrong.
“Why has Bitcoin failed? It has failed because the community has failed,” Hearn lamented.
“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.”
https://bluenotes.anz.com/posts/2016/02/bitcoin-to-live-on-like-the-pterodactyl/
In a widely read post, one of the most prominent Bitcoin developers, Mike Hearn, announced he had pulled out of the project because Bitcoin had failed. Others will disagree but Hearn made some points that are pertinent whether he's right or wrong.
“Why has Bitcoin failed? It has failed because the community has failed,” Hearn lamented.
“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.”
https://bluenotes.anz.com/posts/2016/02/bitcoin-to-live-on-like-the-pterodactyl/
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