The resolution of the Bitcoin experiment
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.443qscsws
Mike Hearn writes:
"I've spent more than 5 years being a Bitcoin developer.
The software I've written has been used by millions of users,
hundreds of developers, and the talks I've given have led
directly to the creation of several startups. I've talked about
Bitcoin on Sky TV and BBC News. I have been repeatedly cited by
the Economist as a Bitcoin expert and prominent developer. I
have explained Bitcoin to the SEC, to bankers and to ordinary
people I met at cafes. From the start, I've always said the
same thing: Bitcoin is an experiment and like all experiments,
it can fail. So don't invest what you can't afford to lose. I've
said this in interviews, on stage at conferences, and over
email. So have other well known developers like Gavin Andresen
and Jeff Garzik. But despite knowing that Bitcoin could fail
all along, the now inescapable conclusion that it has failed
still saddens me greatly. The fundamentals are broken and
whatever happens to the price in the short term, the long term
trend should probably be downwards. I will no longer be taking
part in Bitcoin development and have sold all my coins."
- - -
A noble experiment. But still, good riddance.
--Lauren--
Lauren Weinstein ([email protected]): http://www.vortex.com/lauren
Founder:
- Network Neutrality Squad: http://www.nnsquad.org
- PRIVACY Forum: http://www.vortex.com/privacy-info
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://google.com/+LaurenWeinstein
Twitter: http://twitter.com/laurenweinstein
Tel: +1 (818) 225-2800 / Skype: vortex.com
I have consulted to Google, but I am not currently
doing so -- my opinions expressed here are mine alone.
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