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Author: Jordan Tuwiner

Jordan is a Bitcoin proponent, hoarder, and the founder of Buy Bitcoin Worldwide. He's excited to see benefits sound money will bring to society.

bitcoin obituary

“Bitcoin is dying and ‘will be remembered like pogs'” – International Business Times | $217.87

“It’s not a currency now, it’s a pretend currency,” Robinson said. “It does not qualify or satisfy the requirements for a modern currency. The problem with disruptive technologies is that the disrupted has something to say about it. I say 10 years from now we will all have digital currencies – fiat currencies – and bitcoin will be remembered probably much like Pogs and Sinclair’s C5.”

“Bitcoin is dying and ‘will be remembered like pogs'” – International Business Times | $217.87 Read More

bitcoin obituary

“Why Apple Pay And Dollars Are Killing Bitcoin” – Forbes | $233.01

At this point, it’s merely a speculative commodity, just like tulip bulbs centuries ago or even Beanie Babies more recently. . . . Bitcoin has peaked and is very unlikely to escalate significantly in value again. . . . It’s basically an elaborate Ponzi scheme. . . . While I don’t relish anyone losing money, Bitcoin basically went out of the way to make itself vulnerable. For this reason, it is destined to fail.

“Why Apple Pay And Dollars Are Killing Bitcoin” – Forbes | $233.01 Read More

bitcoin obituary

“Bitcoin Is a Victim of Disinflation” – The New York Times | $208.50

Bitcoin is proving a big disappointment. . . . There’s almost certainly more bad news to come. The electronic token has lots of enduring problems. As a store of value that is not subject to government intervention, it lacks the support of authorities and is always in danger of being banned. . . . Defenders of Bitcoin have not given up hope. Their emphasis has shifted though, from the currency to the underlying blockchain processing software. . . . But it will not bring up the price of Bitcoin.

“Bitcoin Is a Victim of Disinflation” – The New York Times | $208.50 Read More

bitcoin obituary

“Bitcoin might be dead. It doesn’t matter” – The Telegraph | $209.81

Bitcoin the currency may be dying, but it doesn’t matter. . . . Certainly, a trend line from November 2013 to now, extrapolated forwards, intersects worthlessness sometime later this year. . . . This could create a negative feedback loop as miners retire, the network becomes less secure and resilient, investors lose faith, and the price drops further.

“Bitcoin might be dead. It doesn’t matter” – The Telegraph | $209.81 Read More

bitcoin obituary

“Slowly but surely, Bitcoin appears to be falling apart” – NewStatesman | $209.81

Bitcoin isn’t going to replace any fiat currencies as long as it feels intuitively safer for most people to keep their savings in a bank account instead of in a digital wallet. . . . This brings us to the current crisis in Bitcoin: far from widespread adoption giving it resilience and reliability, the system may be starting to fall apart. . . . These issues add up to what we’re seeing now – the slow, inexorable decline in the price of a digital currency with no value beyond the trust in the system.

“Slowly but surely, Bitcoin appears to be falling apart” – NewStatesman | $209.81 Read More

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