Right now, Bitcoin is only mostly dead. As an investment, it was the worst of 2014. . . . The problem, though, is that Bitcoin will likely not survive to get to that level of innovation. Will Bitcoin enthusiasts support it after they realize it has ceased to be useful as a currency and is a terrible investment? Not likely. At some point they are going to realize that they are subsidizing Bitcoin for theoretical and emotional reasons so that it can be exploited by regulation-seeking venture capitalists. When that happens Bitcoin will shift from being mostly dead to being all dead.
Latest posts by Jordan Tuwiner (see all)
- “Bitcoin Is Declining, but Is It Dead?” – Government Technology | $236.61 - September 21, 2015
- “Distributed Ledgers Part I – Bitcoin is dead” – Pascal Bouvier | $281.47 - August 4, 2015
- “Bitcoin isn’t the future of money — it’s either a Ponzi scheme or a pyramid scheme” – Washington Post | $236.73 - June 8, 2015