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Prominent Bitcoin Developer Predicts Death of Virtual Currency

Just a few years ago Mike Hearn thought the digital currency Bitcoin could change the world. He even left his well-paid engineering job at Google to pursue working with Bitcoin full time, producing a Bitcoin mobile app that helped the technology take off. But Now Hearn is selling off all his coins and turning his back on the currency altogether. He claims that the mechanisms behind the currency are broken, and that most of Bitcoin is owned by a small, toxic pool of investors who are not...

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