Topic: Breaking: Bitcoin developer "crypto currency have failed" (Read 176 times)
Today 1 Bitcoin = $100 would be OK when bitcoin started from $0.10
in case you were wondering where since OP failed to link: http://www.bbc.co.uk/news/technology-35343561
i am just going to leave some links here instead of answering:
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.fn9ngkl1p
https://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
https://cointelegraph.com/news/how-mike-hearn-sold-all-his-bitcoins-in-2016-and-market-proved-him-wrong
check the dates of the news above then
check price from that date to now: https://bitcoinwisdom.com/markets/bitstamp/btcusd
check the adoption from that date till now for example: https://blog.bitpay.com/bitpay-growth-2017/
i am just going to leave some links here instead of answering:
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.fn9ngkl1p
https://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
https://cointelegraph.com/news/how-mike-hearn-sold-all-his-bitcoins-in-2016-and-market-proved-him-wrong
check the dates of the news above then
check price from that date to now: https://bitcoinwisdom.com/markets/bitstamp/btcusd
check the adoption from that date till now for example: https://blog.bitpay.com/bitpay-growth-2017/
Mike Hearn was always a self important douche nozzle that supported shit like blacklisting. I hope he dies in a fire. This is really old news by the way.
$1 to $1000 = 1000 times
$1000 to $20,000 = 20 times
He got it right
Mike Hearn was always a self important douche nozzle that supported shit like blacklisting. I hope he dies in a fire. This is really old news by the way.
Hearn is totally rekt he is in the same boat with Ver and fake satoshi Kreig Wright.
Umm...breaking? This happened all the way back in January 2016, a solid two years ago.
Now, in hindsight, would you value his opinions? I mean, he was a Core developer so I'm sure he knows a lot more than us regular sheep, but he was obviously wrong in this case. I don't know whether his views towards Bitcoin have changed, but I would hazard a guess that he's regretting dumping all his coins then.
Now, in hindsight, would you value his opinions? I mean, he was a Core developer so I'm sure he knows a lot more than us regular sheep, but he was obviously wrong in this case. I don't know whether his views towards Bitcoin have changed, but I would hazard a guess that he's regretting dumping all his coins then.
do you have any links to verify this news? this sounds bad for me first, but i think that is not a bad news. bitcoin still have other developers to improve bitcoin. some developer leave the team and new developer will join the team.
As per BBC News:
A high-profile Bitcoin developer has said the crypto-currency has failed and he will no longer take part in its development.
Mike Hearn, a Zurich-based developer and long-time proponent of Bitcoin, surprised many this weekend when he published a blog calling Bitcoin a "failed" project.
Mr Hearn, who had until recently been working on new software for the currency, says he has now sold all of his own bitcoins and will no longer take part in the crypto-currency's development.
So, is Bitcoin doomed?
First of all, Who is Mike Hearn? - Mike Hearn is a software developer who has worked on Bitcoin technologies for over five years. In 2014, he left his job at Google to focus on Bitcoin full time. He has worked closely with Bitcoin chief scientist Gavin Andresen on alternative software for Bitcoin called Bitcoin XT, which aims to address capacity issues facing the network. Mr Andresen is generally thought of as next in the chain of influence over the currency's development after Bitcoin's mysterious founder, Satoshi Nakamoto.
What are the problems?
The biggest issue most bitcoin users acknowledge is how quickly new transactions can be processed.The size of blocks being added to the blockchain has been increasing steadily with the rise of Bitcoin. As a result, the rate at which transactions can be processed has been slowing.Indeed, some transactions face significant delays, hampering payments. Some fear the network will eventually become oversaturated and cease to be usable.Me: "I hope not!"
A high-profile Bitcoin developer has said the crypto-currency has failed and he will no longer take part in its development.
Mike Hearn, a Zurich-based developer and long-time proponent of Bitcoin, surprised many this weekend when he published a blog calling Bitcoin a "failed" project.
Mr Hearn, who had until recently been working on new software for the currency, says he has now sold all of his own bitcoins and will no longer take part in the crypto-currency's development.
So, is Bitcoin doomed?
First of all, Who is Mike Hearn? - Mike Hearn is a software developer who has worked on Bitcoin technologies for over five years. In 2014, he left his job at Google to focus on Bitcoin full time. He has worked closely with Bitcoin chief scientist Gavin Andresen on alternative software for Bitcoin called Bitcoin XT, which aims to address capacity issues facing the network. Mr Andresen is generally thought of as next in the chain of influence over the currency's development after Bitcoin's mysterious founder, Satoshi Nakamoto.
What are the problems?
The biggest issue most bitcoin users acknowledge is how quickly new transactions can be processed.The size of blocks being added to the blockchain has been increasing steadily with the rise of Bitcoin. As a result, the rate at which transactions can be processed has been slowing.Indeed, some transactions face significant delays, hampering payments. Some fear the network will eventually become oversaturated and cease to be usable.Me: "I hope not!"
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