⸺ Obituary · February 6, 2019 ⸺

“There's No Good Reason To Trust Blockchain Technology”

Wired

Bruce Schneier

“Honestly, cryptocurrencies are useless. They’re only used by speculators looking for quick riches, people who don’t like government-backed currencies, and criminals who want a black-market way to exchange money.”

Price at death

$3,394

Today

$61,577

Resurrection

×18.1

On 2019-02-06, Bruce Schneier (Cryptographer) declared Bitcoin dead via Wired. Bitcoin was trading at ~$3,394 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on February 6, 2019, when one Bitcoin traded for approximately $3,394. Since then, Bitcoin has appreciated by 18.1× relative to the price on the day Wired pronounced it finished.

Read the original →

← Earlier death

“Crypto Declared Dead, Is This Now The Bottom?”

Later death →

“Bitcoin Inefficient As Large-scale Payment System”

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