[2016-01-16] ToI: Lead developer quits bitcoin saying it 'has failed'

[polynesia]

Lead developer quits bitcoin saying it 'has failed'

http://timesofindia.indiatimes.com/tech/tech-news/Lead-developer-quits-bitcoin-saying-it-has-failed/articleshow/50602227.cms

Bitcoin slid by 10% on Friday after one of its lead developers, Mike Hearn, said in a blogpost that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings because it had "failed."

Hearn, one of five senior developers who has spent more than five years working on the web-based currency, said he would no longer be taking part in development.

"Despite knowing that bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly," Hearn said in his post on blog-publishing platform Medium.

[polynesia]

Other coverage

http://www.dnaindia.com/money/report-bitcoin-is-a-failed-experiment-says-senior-bitcoin-developer-2166530
http://gadgets.ndtv.com/internet/news/lead-developer-quits-bitcoin-saying-it-has-failed-790458
http://telecom.economictimes.indiatimes.com/news/lead-developer-quits-bitcoin-saying-it-has-failed/50604265