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Bitcoin Obituaries

bitcoin obituary

“Why Bitcoin can’t be a currency” – The Underground Economist | $0.23

15. December 2010

Negative feedback loops like this are basically homeostasis. In nature, positive feedback loops like exist with Bitcoin are lethal; the only thing that’s even kept Bitcoin alive this long is its novelty. Either it will remain a novelty forever or it will transition from novelty status to dead faster than you can blink.

“Why Bitcoin can’t be a currency” – The Underground Economist | $0.23 Read More

bitcoin obituary

“Was 2014 The Death March for Bitcoin?” – PYMNTS.com | $315.81

2. January 2015

And that Bitcoin could only survive at the margins, where it would be isolated, and in no position to threaten Visa or Mastercard, or the underlying payment and messaging services that underpin the world financial system as it stands today. Then there’s The Oracle of Omaha who has one four letter word for bitcoin – joke.

“Was 2014 The Death March for Bitcoin?” – PYMNTS.com | $315.81 Read More

bitcoin obituary

“Bitcoin’s upcoming capital crisis” – Financial Times | $290.51

9. January 2015

We’ll sign off with the simple point that unless a massive amount of new capital is transferred into Bitcoin market sharpish — which is not impossible, since there are still a number of deep pocketed believers out there — it’s hard to imagine the asset class going any other way but south. Furthermore, it’s unlikely at this stage that either price rigging, mining cartels or lower energy costs will be able to reverse that trend.

“Bitcoin’s upcoming capital crisis” – Financial Times | $290.51 Read More

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