Bitcoin Is Dead (Again), Long Live Bitcoin (Again)

Oh, the drama, such drama. Last week longtime Bitcoin developer Mike Hearn declared “the Bitcoin experiment…has failed,” and marked his resignation from that community with a fusillade of verbal grenades (and a New York Times profile of his dissent.) This in turn provoked a whole torrent of hot takes and reactions, which mostly had one thing in common: contempt for all who disagree.

Bram Cohen, the founder of BitTorrent, wrote Hearn’s rant off as “whiny ragequitting.” Greg Slepak posted a detailed, point-by-point technical rebuttal of Hearn’s accusations; a redditor did much the same on /r/Bitcoin, as did Ron Gross on Medium. Vivek Wadha declared “R.I.P., Bitcoin. It’s time to move on,” for the Washington Post, and posted the same article under a slightly less inflammatory title, er, here. Which in turn provoked another angry line-by-line response by Sam Patterson. Are you exhausted yet?

Beneath all that sound and fury, though, I promise you, something interesting is happening.

Bitcoin is, in fact, far further from death than it was all the (many) other times its demise was gleefully,

Read more ... source: TheBitcoinNews