Coin mining network

The spiritual home of Bitcoin lovers

Tag Archive : doomed

is bitcoin doomed

is bitcoin doomed插图

Best answer


Bitcoin is doomed and has 鈥渇ailed鈥?/strong>according to one of the crypto-currency鈥檚 high-profile developers. Mike Hearn,the Zurich based developer who had been working on new software to support the currency,shocked Bitcoin fans when he wrote on his blog: 鈥淭he now inescapable conclusion that it has failed saddens me鈥?

People also ask


  • Is bitcoin doomed to fail?

  • A Prediction: Bitcoin Is Doomed to Fail. The developers of bitcoin are trying to show that money can be successfully privatized. They will fail, because money that is not issued by governments is always doomed to failure. Money is inevitably a tool of the state.

  • Will governments ever be able to make money from bitcoin?

  • They will fail, because money that is not issued by governments is always doomed to failure. Money is inevitably a tool of the state. Bitcoin relies on thoroughly contemporary technology. It consists of computer-generated tokens, with sophisticated algorithms guaranteeing the anonymity,…

  • Can bitcoin be successfully privatized?

  • The developers of bitcoin are trying to show that money can be successfully privatized. They will fail, because money that is not issued by governments is always doomed to failure. Money is inevitably a tool of the state. Bitcoin relies on thoroughly contemporary technology.

  • Why do people still use Bitcoin?

  • It is worth noting that the reason people use Bitcoin at the moment is because it seems useful and robust, but they are also over-hyped, madly driven by the cryptophenomenon sometimes without even understanding it to its utmost. The value of Bitcoin is mainly driven by speculators followed by a euphoric momentum brought up by its investors.