Bitcoin Obituaries

This is a story the mainstream media isn’t covering.And millennials aren’t going to get the memo either, before it’s too late. But, mark my words… This is the death of Bitcoin… Similar to the disruptive technologies I listed above, Bitcoin will undergo the standard lifecycle of development… and I believe that will include swift, sweeping..

Book it. Bitcoin’s finished. The New York Times, on Saturday, I think it was… April 29, anyhow, said the hacker who tried to get a ransom from Netflix over the new episodes of that show… You and I had that lunch conversation last month you recorded. You asked me what tech trends I’m negative on…

I used to be an avid trader years ago, and my co-founder is as hardcore of a crypto-anarchist as they come. I would love nothing more than for bitcoin to succeed, but I believe it will die a slow and painful death and something else will come along to be its successor. Eulogy made by:..

Bitcoin, with all the noise and talk of large scale acquisitions, is just a playground for those wanting a quick buck and will never be part of the genuine electronic financial markets economy Eulogy made by: Andrew Saks-McLeod Source

The problem with a finite asset is that the economy is not finite, and if you have a limited amount of money to match this almost unlimited capacity of people in the economy to do things, money doesn’t work. Eulogy made by: Ann Pettifor Source

a small group of Chinese companies have effectively gained control of bitcoin, making it vulnerable to market manipulation. Add that on top of the fact that bitcoin exchanges are prone to collapsing (as they have in the past) and you have a digital currency that is, according to the Financial Times, essentially worthless. At least..

Economist William J. Luther said he doesn’t think the dollar will be challenged by the Bitcoin or any other digital currency any time soon….“I think we will adopt that technology in one way or another, that is we’ll use that technology to process dollar transactions,” Luther said. “Most people just aren’t interested in using some..

bitcoins are going to arrive in a few days at the equivalent of the Oct. 31, 2007 top in the Nasdaq.  And shortly thereafter, they should see an echo of the 2008 bear market (again, assuming that the correlation continues). So if you are “holding” any Bitcoins (not that anyone can actually hold something so..

But don’t let that big number fool you: this strange and controversial technology is no closer to becoming a mainstream currency. …Bitcoin is not something the average person will ever use to buy and sell stuff, they say, particularly in the US and other Western countries. The world just doesn’t need a dedicated digital currency…

As a phenomenon bitcoin has all the attributes of a pyramid scheme, requiring a constant influx of converts to push up the price, based on the promise of its use by future converts. So the ultimate value for bitcoin will be the same as all pyramid schemes: zero. Source

Bitcoin is a bubble that like Tulip, South Sea, Dot.com or Subprime will burst… Bitcoin was a great experiment that provided a lot of useful learning. But as with any previous technology : “It’s time for it to make way for a better designed, more compliant, and more secure system as a global digital currency. #ForceCoin.”..

Now, Circle is bailing on bitcoin altogether. The company announced on Wednesday it is focusing on other things, and that its bitcoin customers can cash out or else transfer their accounts to another company, Coinbase, if they wish to keep buying and selling the cryptocurrency. The move is not entirely surprising as the hype around..