Bitcoin Forum

Bitcoin => Press => Topic started by: a7mos on January 15, 2016, 12:28:58 AM

Title: [2016-01-14] Prominent Bitcoin developer declares the digital money dead
Post by: a7mos on January 15, 2016, 12:28:58 AM

In the world of Bitcoin, Mike Hearn is a big deal. He developed the code that made it possible to use Bitcoin on smartphones. A couple of years back, he quit a cushy engineering job at Google to focus on Bitcoin full time because he was convinced of its potential to change the world. But now hes quitting the digital currency and declaring Bitcoin a failed experiment.

The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards, he writes on Medium. I will no longer be taking part in Bitcoin development and have sold all my coins.