⸺ Obituary · January 7, 2018 ⸺

“The Guardian View On Cryptocurrencies: A Greater Fool’s Gold”

The Guardians

“The central paradox of all these currencies is that we’re told they have eliminated the need for trust between humans and replaced it by mathematical guarantees; but all their tradeable value depends on blind faith and ignorance of computer code.”

Price at death

$16,179

Today

$62,500

Resurrection

×3.9

On 2018-01-07, The Guardians declared Bitcoin dead. Bitcoin was trading at ~$16,179 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on January 7, 2018, when one Bitcoin traded for approximately $16,179. Since then, Bitcoin has appreciated by 3.9× relative to the price on the day The Guardians pronounced it finished.

Read the original →

← Earlier death

“The Bitcoin Revolution Isn’t Coming. Here’s Why”

Later death →

“Cryptocurrencies Will Come To A Bad Ending”

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