January 15, 2016

BTC Dev: "Strangling" the Blockchain Will Kill Bitcoin

The destiny of Bitcoin, like that of Apollo 13, shall never be realised, at least according to one of the cryptocurrency's most well-known developers, who has announced that "the experiment has failed".

Mike Hearn was a senior software engineer at Google up until 2014, when he left to focus his full-time attention on Bitcoin development. In a blog post on Thursday, Hearn announced he would longer be taking part in Bitcoin development and had sold all of his coins.

His 4,000-word essay on the "resolution of the Bitcoin experiment" has already drawn much criticism... 

Read more at The Register

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