Bitcoin didn't fail. Mike Hearn's plan did.

While I do agree with Mike Hearn's position on the need to expand the size of the blocks in the blockchain, the more I read about what he did, the more I'm convinced his real intention was to privatize the blockchain.That is; to ensure private corporations were the ones in control of the blockchain before regular, household computers could catch up with the processing power needed to maintain the blockchain.I'm saying this because of Hearn's employer pushing for private blockchains. Which is ridiculous, since a private blockchain is nothing more than a private server. The beauty of the blockchain is how it bypasses private control by descentralizing it, thus being in the hands of nobody (save for the 51% control that large miners could reach and, thus far, have not wanted because they know their coins would devalue).Hearn's plan apparently was to cause a panic so people would abandon bitcoin because of a price crash in order to force the hands of the Core developers. And his shennanigans did sink the price of bitcoin to almost 350 dollars per coin from a high of 430.But now the price just touched 384 (387, actually) and the market seems to be bullish again.So Hearn's plan failed. If he wanted bictoin to fail, it backfired. The only thing that failed was his plan to fail bitcoin.PS: It's interesting to see how private interests are starting to see bitcoin as a real threat to their control over financial services. First they ignored it. Then they laugh at it. Now they attack it. That's when bitcoin won. via /r/Bitcoin http://bit.ly/1SV57xo