When Bitcoin developerMike Hearn, declared Bitcoin a failure and sold his Bitcoins the price of the currency fell 10% in a single day. Many are starting to wonder if the currency wasn't ready for prime time. The Bitcoin developer community lacks governance and control, making it hard to understand how many of these underlying issues will be resolved. Not to mention that China's miners control more than 50% of the currency creation capacity. Whether or not the current form of Bitcoin should be scrapped the power and use cases for blockchain technologies have become understood and accepted.