⸺ Obituary · December 22, 2017 ⸺
“Ten Years In, Nobody Has Come Up With A Use For Blockchain”
Kai Stinchcombe
“Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain—besides currency speculation and illegal transactions.”
Price at death
$13,857
Today
$62,500
Resurrection
×4.5
On 2017-12-22, Kai Stinchcombe (CEO, True Link Financial) declared Bitcoin dead via Hackernoon. Bitcoin was trading at ~$13,857 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 22, 2017, when one Bitcoin traded for approximately $13,857. Since then, Bitcoin has appreciated by 4.5× relative to the price on the day Hackernoon pronounced it finished.
