2018

“Bitcoin or Shitcoin?” – BitMex Research | $6,404.87

By Uri Shalev

Last Updated: Nov 21, 2018

bitcoin obituary
[Bitcoin is] the sphere of the dope smoker, affluent, libertarian, anarcho-capitalist.

You create something that is extremely volatile in price that attracts lots of gamblers.

If I think back over my 43 years in financial markets or writing about them, observing them. This [Bitcoin] is so like so many previous cults and waves of delusion, greed, risk taking, been wrapped up in some smart ideological language.

Think back to when the so-called Mr. Satoshi Nakamoto was busy writing his piece of software and his famous white paper and so on, the world was having an economic crisis. It was propped up by the imperfect mechanisms of the quantitative easing of ultra-low interest rates and so on, that that big, huge, biggest ever government and central bank intervention actually did what it said on the tin. And all this time you [incoherent], go out there inventing this piece of horseshit to replace it.

Eulogy made by Martin Vander Weyer

Source:

Disclaimer Icon

Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Free Bitcoin Crash Course

  • Enjoyed by over 100,000 students.
  • One email a day, 7 days in a row.
  • Short and educational, guaranteed!

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Uri Shalev
Uri Shalev
Crypto Writer

Uri Shalev studied Psychology at the University of Haifa. With a keen interest in cryptocurrency and disruptive tech, Uri has a breadth of experience in digital marketing and SEO. Read More

Back to top