Bitcoin failed? (again)

Bitcoin failed? (again)

Has bitcoin failed? No, bitcoin has not officially failed or even come close. The definition of failing is: "to be unsuccessful in achieving one's g

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Has bitcoin failed?

No, bitcoin has not officially failed or even come close. The definition of failing is:

“to be unsuccessful in achieving one’s goal”

What is Bitcoins goal? Well, that is a pretty broad question, and is answered by many people with different needs that are currently being met, by Bitcoin.

“Bitcoin , what is really the end goal of it?” Quora https://www.quora.com/Bitcoin-what-is-really-the-end-goal-of-it

“Goal of Bitcoin (in general)” BitcoinTalk https://bitcointalk.org/index.php?topic=102732.0

We even cover this topic here: “Why Bitcoin? Why use it?” http://bitcoinintroduction.com/blog/why-bitcoin/

There isn’t really a way for this Bitcoin project, to truly fail. People will continue to use it for what they need to. The feelings of one developer do not ultimately define bitcoins success rate, but this news propagated through the communities like wildfire just like any other educated opinion coming from a wildly uneducated space where everyone wants to be a genius.

For those that were unaware, Mike Hearn (one of bitcoins primary developers) wrote a blog post last week explaining why he was leaving the Bitcoin project, and why it as failed (in his opinion) https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.3lgglg7sh

This post was immediately followed by Gavin Andreesen pointing out that Mike is pessimistic

This marks the 89th time, that bitcoin has “officially died” or failed…https://99bitcoins.com/bitcoinobituaries

This time is not too much different than the first 88 times. So relax folks, bitcoin is still going strong and people will continue to enjoy the ride.

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