And, in the greater scheme of things, bitcoin is small: even at a roughly 10 billion dollar market capitalization it is almost irrelevant in financial terms. This is probably roughly the peak market capitalization achieved by Beanie Babies in 1999. There are indeed important and valuable ideas that exist in bitcoin’s design. But bitcoin itself? I believe its volatility and built-in irreversibility will doom it to the ash-heap of history.
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Latest posts by Jordan Tuwiner (see all)
- “Bitcoin Is Declining, but Is It Dead?” – Government Technology | $236.61 - September 21, 2015
- “Distributed Ledgers Part I – Bitcoin is dead” – Pascal Bouvier | $281.47 - August 4, 2015
- “Bitcoin isn’t the future of money — it’s either a Ponzi scheme or a pyramid scheme” – Washington Post | $236.73 - June 8, 2015