Bitcoin Obituaries

$BTC : It doesn’t take a genius to understand that sheet coin is doomed. “What just happened” Will be the most popular 3rd/4th quarter phrase of 2021. Eulogy made by The Great Martis Source

https://www.youtube.com/watch?v=iomRREashI0 Eulogy made by Patrick Shyu (TechLead) Source

…a few decades from now, Bitcoin and Ethereum will be collector items, not the currency of the global economy. Here are eight reasons why: 1. It’s already old technology Bitcoin was an absolutely ground-breaking concept when it came out, just like the Ford Model T or Edison’s incandescent lightbulb. But the first iteration is rarely..

We’ve been arguing about bitcoin for about that long — I first wrote about it in 2014, and was hardly the first. So, what has bitcoin actually, you know, done? The answer, of course, is: basically nothing. And that’s why the world’s most-traded cryptocurrency is worth basically nothing. …Sure, we got some things wrong then..

Bitcoin may have been the fastest horse in the race, but it looks like it just broke its leg. When a racehorse breaks its leg the tradition is to shoot it. Bitcoin is about to be taken behind the barn and shot. Eulogy made by Peter Schiff Source

…There’s also one called dogecoin that someone started as a joke but as far as I can tell it’s exactly the same as all the other cryptocurrencies  – because the whole thing is a joke. I fully understand that our financial system isn’t perfect but at least it’s real… …So, there’s these things called nerds..

“Of course I hate the bitcoin success,” the 97-year-old Munger said during a Q&A session at Berkshire’s annual shareholder meeting Saturday. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just..

The Dutch tulip mania in the 1630’s set the standard for monetary excess. At its height, one could buy a mansion on the Amstel in exchange for one tulip. In great contrast to Bitcoins, Tulips capture carbon. They are also beautiful, and fragrant when in shades of orange and apricot. Bitcoin holds no visual or..

“The cryptocurrency space today looks very similar to the internet space in 1997,” Kamal said. “In 1997, we thought Netscape Navigator was by far the most advanced sophisticated browser and there would never be anything to compete with that. And obviously here we are, Netscape is long [gone].” He added: “In 10 years, I have..

“It’s a beautifully set up cryptographic system. It’s well made but there’s absolutely no reason it should be linked to anything economic,” added Taleb, whose bestselling 2007 book examined highly improbable events and their potential to cause severe consequences. He said bitcoin has characteristics of what he calls a Ponzi scheme that’s right out in..

…Most crypto-fanatics have dropped almost all pretense of cryptocurrency being anything other than chips in a global-scale casino, good for building (or losing) paper fortunes, but little else. …Even if it does not amount to much in a practical sense, what Turkey’s move does represent is another nail in cryptocurrency’s coffin. Those nails have been..

I don’t know where it will end or how it will end, but it will end, and when it ends, it will be ugly because there will be nothing there. Eulogy made by Stephen Isaacs Source