Mike Hearn: How Bitcoin's Technology Advanced in 2014
In just a few days, bitcoin will have been in development for six years. For those of us who watched it grow from a humble Windows-only desktop application to today's global infrastructure, bitcoin's technology is simultaneously astonishing and frustrating. We marvel at how far it's come, and yet are impatient with how far it still has to go. Most media stories reviewing bitcoin's 2014 focus exclusively on the price. So, instead, let's take a look at what we achieved as a community this year, and take a look ahead at where things might go in 2015. Nailing the basics. Bitcoin 0.1 was a....
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Reaching consensus can be difficult, and that’s something Mike Hearn wanted to tell the world on January 14th. In a Medium post, he calls “The resolution of the Bitcoin experiment” long-time Bitcoin developer Mike Hearn has left the industry. The statement that is quite long goes into a very detailed testimony to why he’s left and that he sold all his bitcoins. Mike Hearn former Google engineer and the first person to implement Bitcoin in Java, lead developer of the controversial XT fork, and a person whose software he’s “written has been used by millions of users” is all done with the....
On January 15, 2016, Mike Hearn officially resigned as a full time Bitcoin core developer. Over the past five years, Hearn dedicated himself in contributing to the Bitcoin network and community, writing software that is now used by millions of users and hundreds of developers worldwide. Hearn designed JAVA implementation and libraries, which are now heavily used by many mobile wallets and services in the industry. Regardless of his significant contributions, Hearn ultimately decided to leave the community because of his strong belief that Bitcoin – as a technology – has failed. The....
Mike Hearn, former Bitcoin Core developer and the main person behind Bitcoin XT along with Gavin Andresen has made it to the headlines of almost all major tech, business and cryptocurrency news publications out there. It all happened after he wrote a blog announcing his departure from the Bitcoin domain. In his blog, Mike has explained the reasons behind his dissatisfaction with Bitcoin. According to him, the Bitcoin network is currently in a a lot of trouble and it may even be beyond repair. He believes that Bitcoin has now become a failed experiment and he has washed his hands of it by....
Drama engulfed the Bitcoin industry over the weekend as longtime developer Mike Hearn announced his departure from the Bitcoin space. As Hearn announced he had divested from Bitcoin in December, Bitcoin Classic – a successor to Bitcoin-XT as a new client – appeared on the scene as a possible new implementation of the Bitcoin protocol.Many in the Bitcoin industry celebrated the new solution, despite the reality that the coding is not done, and the main developer on the project once noted that he was an average C++ programmer. This hasn’t stopped industry leaders like Coinbase CEO Brian....
For an industry recently shaken by the grasps of censorship on the most popular Bitcoin forums on the internet, where thousands of people interested in the tech turn to learn, the scorn for Mike Hearn has been telling. Hearn, who wrote in a Medium post he was leaving Bitcoin, has been trending in the Bitcoin industry for a fortnight now. So what did Hearn say? In his post, “The Resolution of the Bitcoin Experiment,” Hearn made numerous assertions, such as: But despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly. The....