Share this article
Mike Hearn: Bitcoin Cash Is Repeating Bitcoin's Mistakes
Early bitcoin developer Mike Hearn offered new insights into his outlook on the project and its rival implementations in a Reddit AMA Wednesday.
By David Floyd
Updated Sep 13, 2021, 7:47 a.m. Published Apr 6, 2018, 4:00 a.m.
A long-time bitcoin developer who quit the project in 2016 broke his silence on Thursday, opening up on the state of the project in a lengthy reddit Q&A.
There, Mike Hearn, who has since joined banking consortium startup R3, discussed a range of topics, including the bitcoin cash hard fork and the block size debates that ultimately led developers to part ways over the roadmap for the world's largest cryptocurrency last summer.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Of note were Hearn's remarks here given his own attempts to reshape the bitcoin protocol in 2015 and early 2016 presaged the split. Together with Gavin Andresen, then bitcoin's lead maintainer, Hearn even introduced a software to raise the block size, proposing a hard fork that was voted down. (Hearn later quit the Core team, writing that bitcoin "failed" because of issues with its community.)
However, Hearn now believes bitcoin cash has inherited many of the original project's problems.
He wrote:
"[Bitcoin cash] strongly resembles the bitcoin community of 2014. This is not good."
Hearn went on to assert his belief that bitcoin cash, like bitcoin in 2014, lacks "formalized governance" and mostly communicates via reddit, where he said users are able to censor unpopular views.
As such, he advised bitcoin cash users to "find a replacement" forum where moderator power would be limited and community views on future upgrades could be properly assessed. In particular, he expressed "alarm" that bitcoin cash was planning to hard fork its chain "with no attempt to measure support."
Still, he also urged the community to "be bold."
"Liberate yourselves from just proceeding along the path Satoshi imagined and be willing to think radical, even heretical thoughts," he concluded.
Mike Hearn via CoinDesk archieves
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Robinhood Stock Slides 8% After Big Decline in November Trading Volumes
Slumps across equity, options and crypto trading in November raised concerns that retail investor momentum may be fading.
Ano ang dapat malaman:
- Robinhood reported a sharp drop in trading volumes across equities, options and crypto in November.
- The company's total platform assets also fell 5% month-over-month to $325 billion.
- The slowdown in trading activity raised investor concerns that retail engagement may be fading heading into year-end.
Top Stories
