Mike Hearn: Bitcoin Cash Repeats the Main Errors of Bitcoin

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The former Bitcoin Core developer and one of the early Bitcoin propagandists, Mike Hearn, interrupted a long silence and held an AMA session (“Ask me about anything”) on Reddit. During this session he shared his thoughts on the current state of affairs in the crypto industry. In particular, he criticized the fork of Bitcoin Cash, noting that today this project is very similar to the bitcoin community in 2014 and this, in his words, is “not good”.

During the session, Hearn described his attempts to transform the bitcoin protocol in 2015 and early 2016, which eventually led to his departure from the project.

Together with Gavin Andresen, Hearn developed software to increase the maximum blockchain size and offered to conduct hardfork.The initiative did not find support, after which Hearn left the Bitcoin Core development team, and then the entire community, saying that bitcoin “failed.”

Today, according to Mike Hearn, the Bitcoin Cash audience is very similar to the bitcoin community in 2014.

 

“Bitcoin Cash is very similar to the bitcoin community in 2014. It’s not good,” Hearn said.

 

In his opinion, Bitcoin Cash, like bitcoin in 2014, lacks “formalized management”, and most of the discussions take place in Reddit, where “users can censor the unpopular points of view.”

In this regard, Hearn advised Bitcoin Cash users to “find an alternative forum” where “the power of moderators will be limited, and users will be free to discuss and evaluate views on future upgrades.”

In particular, Hearn described the Bitcoin Cash hard-fork planned for May as “disturbing” since it was announced only a month before activation and “there were no attempts to evaluate its support by users”.

 

“Now this issue does not cause controversy in the community, but for many organizations to plan and test the software in just a month is not an easy task. There is a risk that the miners updating the software will accidentally end up in a circuit with a smaller hash and they will have to “roll back”. Because of this they can become even more conservative than now,” Hearn noted.

 

However, he also urged the community “to be bolder”:

“Free yourself and stop just following the path that Satoshi planned, and be ready to think radically, sometimes even heretically,” Hearn summed up.

 

Recall, after leaving the bitcoin ecosystem, Mike Hearn joined the banking consortium R3. Shortly thereafter, he said that the main sources of problems faced by the cryptocurrency are Blockchain as a whole and its co-founder Gregory Maxwell in particular.

 

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