# The resolution of the Bitcoin experiment

<https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.dnffaextz>

- Host: [medium.com](https://links.thingelstad.xyz/hosts/medium.com/)
- Saved: January 14, 2016 (2016-01-15T00:53:37Z)
- Record: https://links.thingelstad.xyz/links/db612cff68c9/
- JSON: https://links.thingelstad.xyz/links/db612cff68c9.json

## From the page (probably an excerpt, not Jamie's words)

Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the brink of technical collapse. The mechanisms that should have prevented this outcome have broken down, and as a result there’s no longer much reason to think Bitcoin can actually be better than the existing financial system.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Same host

- [The economics and politics of Thomas the Tank Engine — Bull Market — Medium](https://links.thingelstad.xyz/links/acf903134e94/) (medium.com, December 30, 2015)
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- [52 things I learned in 2015 — Medium](https://links.thingelstad.xyz/links/48f2e581f7ff/) (medium.com, January 12, 2016)
- [Object-Oriented Programming: A Disaster Story](https://links.thingelstad.xyz/links/60f62c8db810/) (medium.com, January 23, 2016)
- [“I Trust You” — Medium](https://links.thingelstad.xyz/links/4dfbf76a2a1b/) (medium.com, February 9, 2016)

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.dnffaextz