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2014

bitcoin obituary

“Bitcoin is (Nearly) All Dead” – Acton | $325.60

17. December 2014

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.

“Bitcoin is (Nearly) All Dead” – Acton | $325.60 Read More

bitcoin obituary

“Bitcoin is bust: Why investors should abandon the doomed cryptocurrency” – City A.M. | $338.62

5. November 2014

And so the whole bitcoin system eventually becomes a house of cards, and anything – a scandal, a government attack, whatever – could trigger a loss of confidence leading to a run that brings it all down. . . . There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.

“Bitcoin is bust: Why investors should abandon the doomed cryptocurrency” – City A.M. | $338.62 Read More

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