Bitcoin Forum
June 15, 2024, 10:56:59 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin and blockchain doomed, or a real-world opportunity in 2016?  (Read 408 times)
BTCBinary (OP)
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


View Profile
January 19, 2016, 01:57:43 PM
 #1

Bitcoin and blockchain be doomed, or a real-world opportunity in 2016?

Analysis: Speculation rife around the cryptocurrency's future after outburst from key developer.

Bitcoin is doomed. Over centralised. Under powered. Fundamentally flawed. That, at least, is the view of Mike Hearn, who until recently was a prominent developer in the cryptocurrency who has abandoned working on it to focus on other things, as he sees the problems and insurmountable.

It leaves the questions, where next for bitcoin?

WENGER
Sr. Member
****
Offline Offline

Activity: 274
Merit: 250


Negative rating was requested by me (SFR10)


View Profile WWW
January 19, 2016, 02:20:20 PM
 #2

I don't think anything would change even after Mike Hearn left it since AFAIK developers have to follow the things Satoshi put a note on since he did everything in advance so other developers would have to follow it until the end and no harm has been made, even if some leave.
swan77
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile
January 19, 2016, 02:36:21 PM
 #3

Mike Hearn abandoned working on bitcoin to go and work on a private blockchain the banks want developing. The banks pay his wages now so his opinion is biased towards supporting their private blockchain project, and attacking bitcoin. Mike Hearn's opinion is paid for by the banks and not reliable.
7788bitcoin
Legendary
*
Offline Offline

Activity: 2282
Merit: 1023


View Profile
January 19, 2016, 02:39:54 PM
 #4

I still believe in the power of decentralisation of bitcoin protocol. Bitcoin is growing and these are the perfect challenges to allow non-believers to realise what bitcoin actually is.
foxbitcoin
Sr. Member
****
Offline Offline

Activity: 593
Merit: 250



View Profile
January 19, 2016, 03:11:17 PM
 #5

You are Mike Hearn's followers! It doesn't matter! Many ppl have different opinions and you can dump Bitcoin! Some ppl are picking up your dumped coins! The price is bouncing back a bit! Bitcoin will go through this tediou block increase debate! You  will regret today's decision!
HeroCat
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
January 19, 2016, 03:19:26 PM
 #6

Next for Bitcoin is that because of transaction time it will develop altcoin market, and also can loose some value  Wink
Kprawn
Legendary
*
Offline Offline

Activity: 1904
Merit: 1074


View Profile
January 19, 2016, 04:02:12 PM
 #7

The opportunity in Bitcoin for 2016 will be picking up all the cheaper coins when they become available. We will not see these cheap prizes for a while after the Halving. The

competition coming from the banks and their private ledgers will become heated, but the people will soon see the difference between a glorified "Mainframe" and a proper

decentralized trust-less public network {Bitcoin Blockchain} The real value is not the technology, but rather in the way you implement it and what the public wants.  Wink 

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!