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2014

bitcoin obituary

“Cult Markets: When the bubble bursts” – Financial Times | $397.78

We’re going to stick our neck out at this stage and call this the end of Bitcoin. . . . We’re sure we may still see a few deep pocketed VCs or “believers” throw more money at defending the dream, but chances are we’ve now gone through the exponential break point. Time and money would probably be better spent trying to pump up Bitcoin V.2.

bitcoin obituary

“Bitcoin Is Dead — Long Live Bitcoin” – VICE News | $584.31

This combination of encryption, mining, and decentralized verification makes Bitcoin potentially powerful and difficult to control, but governments do have tools at their disposal that could make it all but impossible for Bitcoin to become widely adopted. . . . And so Bitcoin may very well die.

bitcoin obituary

“Sorry, libertarians: Your dream of a Bitcoin paradise is officially dead and gone” – Salon | $637.77

Neither Satoshi Nakamoto nor Bitcoin ever stood any chance of operating outside the bounds of conventional society. There will be regulation, there will be consumer protection, there will be rules and taxes, and criminal prosecutions for those who break the law. Bitcoin isn’t cyberpunk fantasy and it isn’t a Thomas Pynchon novel. It’s dull. The thrill is gone. And that’s why people are so mad.

bitcoin obituary

“Bitcoin is (Nearly) Dead” – Acton | $672.22

Opinions are still divided, but the evidence that Bitcoin is doomed to failure piles up almost every day. . . . Of course, we Bitcoin doomsayers have been waiting for the bubble to pop for some time now. We also tend to think that every new drop is a sign of it’s impending doom. . . . Anyone still willing to bet a Bitcoin on the future of Bitcoin?

bitcoin obituary

“Bitcoin Is Dead” – The Weekly Standard | $672.22

All of which is why I’m convinced that while bitcoin (or something like it) is likely to hang around as a niche commodity for certain kinds of gray- and black-market transactions, Mt. Gox pretty much assures that the average consumer will never use it. Because there is no way for you to ever ensure that your bitcoins are completely safe. . . . The speculators may not realize it yet, but you can stick a fork in bitcoin. It’s done.

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