Mike Hearn wrote a Medium post which went viral and was the topic of much debate in the Bitcoin world. In his opinion, the Bitcoin community was dead.
He wrote: “[Bitcoin] has failed because the community has failed… Worse still, the network is on the brink of technical collapse.”
Hearn has spent considerable time in the trenches of the Bitcoin technology. He is one of the foremost Bitcoin experts in the world. If anyone had enough perspective to make such a bold proclamation, it was he.
At the time of writing, Bitcoin is priced at approximately $445, according to the Coinbase price. When many first entered the Bitcoin space, the price was $4. Plans to launch a Bitcoin ETF, by the Winklevoss twins and others, persist. IBM’s leading blockchain minds celebrate the Bitcoin technology behind closed doors.
Read More: Bitcoin Has Died Nearly 100 Times
CEO of international-payments app TransferWise, Taavet Hinrikus, recently said: “Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin