despite the libertarian fantasies that were being bandied about at the time, Bitcoin was unlikely to ever be a mainstream currency. Now it seems that Bitcoin is indeed collapsing and key figures in the community are starting to back away from it.
The reasons for Bitcoin’s failure are many, including poor governance, a lack of technological infrastructure and infighting within its community. Besides, as I noted in my previous article, the fact that sovereign governments have the power to tax in their own currencies always made a Bitcoin takeover unlikely.
Latest posts by Ofir Beigel (see all)
- “JPMorgan CEO Jamie Dimon says bitcoin is a ‘fraud’ that will eventually blow up” – CNBC | $4,367.12 - September 12, 2017
- How to Buy Bitcoins if You’re a Noob – Bitcoin Whiteboard Tuesday - September 12, 2017
- “Why China Crushed Bitcoin” – Forbes | $4,450.15 - September 9, 2017