Mike Hearn Disputes Claims of a Banking Conspiracy against Bitcoin
Mike Hearn has penned a new post as a follow-up to his much-discussed and debated public farewell to Bitcoin. The world’s media went critical, thermo-nuclear critical, when Mike Hearn – a former core developer in the open-source project that is Bitcoin, deemed it a ‘failed experiment’ and revealed he was done with the cryptocurrency. Hearn’s declaration resulted in massive coverage that was predominantly negative and dismissive of bitcoin, using a former core developer’s words to aid the overall narrative. The widespread attention, negative or otherwise was predictable. So too were....
Related News
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....
Former bitcoin core developer Mike Hearn has issued a follow-up post in response to his controversial farewell letter to the industry. Issued last week and widely regurgitated in the media, Hearn’s declaration that the bitcoin project had “failed” drew massive, and mostly negative, attention, due to its implications for an important and long-standing industry debate. As a result, it wasn’t long before theories emerged suggesting that the post and its media placement may have been encouraged by his new firm R3CEV, the secretive startup working to build distributed ledger technology with....
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....
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....
Because financial institutions are required by law to have control over their transactions and inevitable disputes, the R3 consortium will grant a certain level of authority to the administrators of the banks to revert and regulate the transfer of assets and payments. Thus, the development of an enterprise-grade bank-focused blockchain network currently being designed by the R3 consortium and Mike Hearn defies the promise made by Satoshi Nakamoto. Former Bitcoin lead developer and Blockchain technology company R3CEV LCC’s R3 Blockchain consortium of multi-billion dollar banks and financial....