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

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Oh, a drama, such drama. Last week longtime Bitcoin developer Mike Hearn declared “the Bitcoin experiment…has failed,” and noted his abdication from that village with a military of written grenades (and a New York Times profile of his dissent.) This in spin annoyed a whole swell of prohibited takes and reactions, that mostly had one thing in common: disregard for all who disagree.

Bram Cohen, a owner 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 a same on /r/Bitcoin, as did Ron Gross on Medium. Vivek Wadha declared “R.I.P., Bitcoin. It’s time to pierce on,” for a Washington Post, and posted a same essay underneath a somewhat reduction inflammatory title, er, here. Which in spin annoyed another indignant line-by-line response by Sam Patterson. Are we tired yet?

Beneath all that sound and fury, though, we guarantee you, something engaging is happening.

Bitcoin is, in fact, distant serve from genocide than it was all a (many) other times the passing was gleefully,

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