The Bitcoin system is said to be reaching its capacity limits – spelling a possible disaster for thousands of those who decided to invest in the world’s top cryptocurrency. One of the leading programists from the company quits it, selling all of his Bitcoins and calling it a “failed experiment”. On the other hand, with the growing number of Bitcoin users, even politicians and bankers can’t anymore deny its importance in the financial and digital world. Can the Bitcoin solve its problems, or it is the end of the road for the virtual money giant? We ask executive director of the Bitcoin Foundation – Bruce Fenton is on SophieCo.
Sophie Shevarnadze: Bruce Fenton, executive director of the Bitcoin Foundation, welcome to the show, it’s great to have you with us. Now, one of the developers of the Bitcoin software, Mike Hearn, has called Bitcoin “a failed experiment.” He quit and sold his Bitcoins, there’s been a lot of rumors about problems in the Bitcoin establishment. Is this the end? Is Bitcoin doomed?
Bruce Fenton: I don’t think so. I think the news from Mike Hearn, one of the developers, was widely covered, but I don’t think it’s really that significant to