Monday, 10 July 2017

Resolution of the Bitcoin experiment, by Mike Hearn

"If you had never heard about Bitcoin before, would you care about a payments network that:
-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
-In which the companies and people building it were in open civil war?"

Read more about it here 

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