Bitcoin A "Failed" Experiment, Says Departing DeveloperBitcoin developer Mike Hearn said the cryptocurrency has "failed" in a widely circulated Medium post this week, announcing an end to his involvement with bitcoin.
"The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards," Hearn wrote. "I will no longer be taking part in Bitcoin development and have sold all my coins."
http://www.fastcompany.com/3055584/bitcoin-a-failed-experiment-says-departing-developer