Mike Hearn Leaves Bitcoin
A very interesting event took place this week when one of bitcoins most prominent advocates announced he had sold all of his bitcoins and thought the bitcoin experiment was coming to an end.
It was rather dramatic and the price of bitcoin plummeted by around 20%.
Mike raised a couple of important critiques in his farewell letter to the bitcoin community. Namely the decentralized consensus mechanism is broken and the flow of information to the bitcoin community is now being censored.
In this video I share my thoughts as to why he is overstating the problem and give you a round up of the issues at hand.
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