Senior bitcoin developer says currency 'failed experiment'
by Alex Hern from Technology | The Guardian on (#10SJR)
Mike Hearn, a prominent developer of the cryptocurrency, has sold his coins and quit work on bitcoin citing deep-seated issues
A senior bitcoin developer has declared the cryptocurrency a failed experiment, blaming the end of the currency on the refusal of the community to adopt new standards which would allow it to grow consistently while maintaining stability.
Mike Hearn, a longtime senior developer on bitcoin and the former chair of the bitcoin foundation's law and policy committee, announced in a blogpost that he would be selling his coins and quitting development on the project. "Despite knowing that bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly," he wrote.
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