Friday, January 15, 2016

Dallas Business Lawyer Agrees with Bitcoin Senior Developer

"Despite knowing that bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly" – Bitcoin Senior Developer Mike Hearn

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As a Dallas business lawyer with tech clients locally and abroad, I’ve made Bitcoin an option for making payments for legal services. However, to date, not a single existing or prospective client has offered to pay with the digital currency or one of its alternatives.

Bitcoin is at best premature and unlikely to gain footing for a variety of reasons, including regulatory efforts designed to prevent private cryptocurrencies from replacing government-issued money in offline and e-commerce.

To the extent that Satoshi Nakamoto’s creation can be deemed a success, one would have to consider the future uses of blockchain as the primary achievement.

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