Vault of Satoshi Says Farewell; Closing Next Month

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This is after Mike Hearn, one of the most visible Bitcoin lead developers, announced on the 14th of January, that he had decided to throw in the towel and walked away for good. Ironically, at the same time the Bitcoin price was falling, prices in stock, financial and other mainstream asset markets around the globe were falling as well.

This is a perfect situation that would otherwise make Bitcoin gain farewell 2015 status of bitcoin value as investors in these other markets are looking for safer investment options of where they can put their money. Members of the community have been talking since the news broke. Bitcoin forums like the Bitcoin sub-Reddit and Bitcointalk. As expected, farewell 2015 status of bitcoin of the observations that community members are making are objective, others are not, and some are technical analysis of the points Mike raises and others are simply apt comic reliefs.

Amidst the debate on block size scaling that seemed not to have an ending in sight, they developed a version of the Bitcoin core, which they referred to as Bitcoin XT, that they thought the community would embrace. That did not happen as many did not see the proposal as one that could increase the capacity of the network while at the same time safeguarding the farewell 2015 status of bitcoin of decentralization, which indeed led to the invention of Bitcoin in the first place.

Many have said that unlike Farewell 2015 status of bitcoin, Mike Hearn did not accept the turn down from the community well.

Antonopoulos, author of Mastering Bitcoin. I thank him for all his work and wish him all the best. He alerted those in attendance that the New York Times was about to run a story about Mike Hearn exiting from Bitcoin. He gave this information in the while explaining to them how permissioned Blockchains, like the one R3 is working on, are better than the permissionless and decentralized Bitcoin network.

Even more importantly, the delight Charley Cooper seemed to take in the whole affair reinforced their belief among Bitcoin enthusiasts that Mike Hearn was a tool in the hands of those had the farewell 2015 status of bitcoin to lose if Bitcoin succeeded. Then there are the comic responses too. Sorry Mike but Bitcoin is not yours to fail.

And some people have not forgotten to add this announcement of Bitcoin being a failed experiment to the tally of the number of times Bitcoins has been declared as dead. According to the Bitcoin Obituariesa website that keeps track of these pronouncements, this is farewell 2015 status of bitcoin 89th death of Bitcoin.

Back to the Bitcoin price, it looks like the storm has passed without unprecedented destruction. Image courtesy of Pixabay. Next Post Previous Post. And thus, the price responded accordingly. Wished the best in his future endeavors That did not happen as many did not see the proposal as one that could increase the capacity of the network while at the same time safeguarding the ideals of decentralization, which indeed led to the invention of Bitcoin in the first place.

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