Mike Hearn, one of core Bitcoin developers, has stated that Bitcoin experiment has failed. Here is his description of the current state of Bitcoin currency:
- Couldn’t move your existing money
- Had wildly unpredictable fees that were high and rising fast
- Allowed buyers to take back payments they’d made after walking out of shops, by simply pressing a button (if you aren’t aware of this “feature” that’s because Bitcoin was only just changed to allow it)
- Is suffering large backlogs and flaky payments
- which is controlled by China
- and in which the companies and people building it were in open civil war?
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.l9y4d7no5
Does it worth investing to Bitcoin after this?
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