The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work

The bitcoin community can’t even agree on whether it’s breaking up. Last month, Mike Hearn—an ex-Googler and one of the biggest names working on the software underpinning bitcoin—made more than a few headlines when he called the digital currency “a failed experiment.” He not only parted ways with the bitcoin community. He sold all his bitcoin. He said he was fed up because the bitcoin system—software that runs across a vast network...
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