Are you with Mike Hearn? Has Bitcoin failed? Is it Dead

[HabBear]

https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/?utm_term=.1d3cad23101a

The Washington Post declares bitcoin dead!

"Bitcoin was born with serious flaws.  It was unregulated and provided anonymity." - Uhh, actually these are a few of the reasons people liked it! And the weaknesses identified are two-fold: (1) Chinese ownership of mining and thus the money supply at creation, and (2) the transaction volume limitations.

They also allow those not familiar with Bitcoin's development to believe that Mike Hearn was a a creator. No knock to Mike at all, but developers and creator are quite different in Bitcoin. It's easy for anyone to assume that those two words mean the same thing. And here's Mike's blog post for reference: https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.k7osat9yg

[Henkkaa]

https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/?utm_term=.1d3cad23101a

The Washington Post declares bitcoin dead!

"Bitcoin was born with serious flaws.  It was unregulated and provided anonymity." - Uhh, actually these are a few of the reasons people liked it! And the weaknesses identified are two-fold: (1) Chinese ownership of mining and thus the money supply at creation, and (2) the transaction volume limitations.

They also allow those not familiar with Bitcoin's development to believe that Mike Hearn was a a creator. No knock to Mike at all, but developers and creator are quite different in Bitcoin. It's easy for anyone to assume that those two words mean the same thing. And here's Mike's blog post for reference: https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.k7osat9yg

What a bunch of bullshit that article is...

"Now the cryptocurrency is fighting for survival."

Not really, bitcoin is stronger than ever with a growing community.

"The price of Bitcoin fell 10 percent in a single day on the news, a sad result for those who are losing money on it."

Except that these kind of swings have been normal for bitcoin during it's entire existence...

In Venezuela, citizens wishing to buy anything of value on supermarket shelves wait all day in lines to do so, because hyperinflation causes the paper currencies in their pockets to lose significant value every day.

Which is exactly why these kind of people invest in bitcoin, it's their safe haven as their own currency is losing all of it's value.

"It was unregulated and provided anonymity, so it rapidly became a haven for drug dealers and anarchists."

Being unregulated and anonymous, was the reason bitcoin was created. To be independent from regulated currencies, governments and tracking. Drug dealers and anarchists make up maybe 5% or less of bitcoins total use. It is basically same as using fiat currency, except it is much safer for all parties. It has not increased the usage of drugs.

tl;dr The article says that bitcoin is now dead and cannot be repaired, and a regulated government-controlled currency would do the job much better

[arcanaaerobics]

Why would they declare it dead when the price is on par with gold? Well almost there.
If it was at $240 as if was 2 years ago abouts when I starting buying some then I can see this major news publication putting this story on their website.
This is like those fake news articles that Trump keeps talking about trying to defamate bitcoin's reputation to drive the price down?

[Adelajda]

These sort of FUD threads should be trashed .I do not even want to read the stuff that is full of rumors ,Wait a minute are you serious this is a really old post .Just look at the date you dumb.It is published on January 2016.

[The Sceptical Chymist]

Fighting for survival?  Er, the market says otherwise.

I really hate most financial and business journalism, much like when the media reports on drugs and science.  They tend to mess everything up.  But with business it's so much worse.  The same bunch of cliches get repeated ad nauseam.  Not surprised they know absolutely nothing about bitcoin.

[Tyrantt]

Washington post? Fake news? I've lost any respect for them, and they're not the first nor the last to say this, and it's the same things all over again.

[LeGaulois]

OH dear Washington Post, bitcoin is dead again ? Bitcoin is dead every month with those medias, rip bitcoin or rip the Washington Post i should say. This the only way now those sites get traffic, posting controversial topics, fake news, misleading stories, ect. For 500 visits, they are reading to publish an article saying theirs parents died last night and how it will impact their writting and bla bla bla. The funny thing is for money you can make them publish an article telling the total opposite and how bitcoin is great ect.

[cellard]

https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/?utm_term=.1d3cad23101a

The Washington Post declares bitcoin dead!

"Bitcoin was born with serious flaws.  It was unregulated and provided anonymity." - Uhh, actually these are a few of the reasons people liked it! And the weaknesses identified are two-fold: (1) Chinese ownership of mining and thus the money supply at creation, and (2) the transaction volume limitations.

They also allow those not familiar with Bitcoin's development to believe that Mike Hearn was a a creator. No knock to Mike at all, but developers and creator are quite different in Bitcoin. It's easy for anyone to assume that those two words mean the same thing. And here's Mike's blog post for reference: https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.k7osat9yg

Typical anti bitcoin propaganda from state issued banksters. Don't get it twisted, they will sooner or later pay. I can't wait for all those idiots that push this FUD propaganda to realize their mistake once we are flying at $10,000+ per BTC and those guys will be either regretting or committing suicide in insurmountable regret. Either way, no mercy with those bastards. We will win.

[dothebeats]

Bitcoin is the zombie that keeps on living and giving. How many times bitcoin needs to die in order for these FUDsters to stop lol. Typical anti-bitcoin dudes paid by the government and banks to spread misinformation. The best part of the article is when bitcoin lost a 10% of its value, because of that 'it's dead'.

This article made me cringe.

[ArdiPrabowo]

many people icn comment this thread is hate and not believe bitcoin, negative comment
so is you not believe and negative comment why youre still find bitcoin

if you believe bitcoin, is good youre postive comment not attack comment, about article in washington post

[ethereumhunter]

i am sure that in out there, many negative news about bitcoin and we know that but i think its because they don't know the true about bitcoin so they can say like that. but if they know what is bitcoin, i am sure that they will not say negative point especially they made an article like that which is read by many people.

[alyssa85]

The date of that article is Jan 19th 2016.

In other words more than 1 year ago, when the bitcoin price was about $300 and people were getting excited about ether (this was before the infamous DAO hack).

It's old news, people.

[Lucas*]

i don't agree with this article ! the market says otherwise, in this period the price of bitcoin still rising , we can't trust all things that writed in newspapers and Articles , there are many rumors and Fake article . i believe in Bitcoin now and in the future .

[wxa7115]

https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/?utm_term=.1d3cad23101a

The Washington Post declares bitcoin dead!

"Bitcoin was born with serious flaws.  It was unregulated and provided anonymity." - Uhh, actually these are a few of the reasons people liked it! And the weaknesses identified are two-fold: (1) Chinese ownership of mining and thus the money supply at creation, and (2) the transaction volume limitations.

They also allow those not familiar with Bitcoin's development to believe that Mike Hearn was a a creator. No knock to Mike at all, but developers and creator are quite different in Bitcoin. It's easy for anyone to assume that those two words mean the same thing. And here's Mike's blog post for reference: https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.k7osat9yg

Do you think the creator of that article actually believes what he is writing, he is being paid to write such an article or is he really that dumb? It seems he is unable to see anything beyond his own nose, bitcoin was created on purpose as an unregulated coin that could offer some degree of anonymity, that was the whole idea.

[LeGaulois]

The date of that article is Jan 19th 2016.

In other words more than 1 year ago, when the bitcoin price was about $300 and people were getting excited about ether (this was before the infamous DAO hack).

It's old news, people.

OMG, you're right. Why the OP wasted his time to post an old news from WP....

[CyberKuro]

The date of that article is Jan 19th 2016.

In other words more than 1 year ago, when the bitcoin price was about $300 and people were getting excited about ether (this was before the infamous DAO hack).

It's old news, people.

OMG, you're right. Why the OP wasted his time to post an old news from WP....

Wasting time to read all those negative tagged without any proof to bitcoin, to spread FUD (back) in the past?
That's right, OLD NEWS, and they have proven themselves as "false". The market of bitcoin keep on rising since then.
Community won't fail as they have worked together since the first time bitcoin was launched. Once again, users whose support bitcoin which makes it worth, as we believe in bitcoin better than conventional financial system.

[Junko]

The Washington Post also said Trump would lose and Hillary would win. Womp, womp, womp, WOOOMMMP.

[HabBear]

Shit, sorry all. I missed the year on that article. If I'd seen it as a 2016....November, let alone January, I would not have posted this. Old news for sure.

BUT...the news about Mike Hearn is true, and if he bailed a year ago and we are where we are today, do you think he bailed foolishly? The poll still stands.

[hase0278]

The post was made january last year and I think this was just a FUD by Mike Hearn that time to make people dump all the coins they got. Also, if bitcoin were really dead by that time, why would we still be here? while someone is still using bitcoin for payment and transactions it would not die. It would also not die easily even if it dumps, and we have seen that many times already. Because of this, I have answered no in the poll.

[beerlover]

What are crypto background for washington post to say that ? Moreover this is not the first time, some outside media shout about bitcoin.

I never bother about this types of FUD, since bitcoin's introduction, it is keeping face these. But bitcoin already started flying among these, maybe they alone indirectly promoting bitcoin system intensively ?