30 Aug '16, 2pm

via @qz

The best that can be said about Bitcoin right now is that it still exists . Split by internal divisions while its most useful aspects are harvested by the very financial behemoths it once hoped to destroy, Bitcoin is fast becoming the tech world’s version of Waiting for Godot , wherein a hermetically sealed community squabbles and bickers over arcane points of code and law as their world slowly crumbles around them. In the last 12 months, attempts made to produce a road map for the cryptocurrency’s future have come to naught, all while core developers abandon the project and opaque Chinese mining concerns wield outlandish power . Welcome to today’s Bitcoin—a phenomenon so internally focused that its advocates have barely noticed the battle has already been lost. Back at its inception, the conversation around the currency was driven by an almost unconscionable optimism. Thi...

Full article: http://qz.com/769771/how-bitcoin-was-brought-down-by-its-...

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