Mike Hearn Resigns and Leaves Bitcoin Permanently
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....
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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....
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....
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....
The news this past week has been dominated by the announcement of Mike Hearn leaving the Bitcoin scene for good. Hearn posted a very long and detailed explanation of why things are not going the way he thinks they should in the world of Bitcoin, and his words were gratefully picked up by mainstream media. But what is the hidden message behind these words? Even though a lot of people are on the fence regarding what Hearn said in his post on Medium, there are some valid points to be found in his comments. First of all, there is the problem of intermediary services and people trying to take....
Hearn will become CEO of a new firm while remaining a technical adviser to R3.