⸺ Obituary · March 25, 2019 ⸺
“Bitcoin Is Nothing More Than ‘Bovine Excrement’”
— CCN, Nicholas Weaver
“The big fatal flaw is that it doesn’t actually work as currency. If you can’t use it as a competitor to all the other actual digital currency systems we have, like, oh, PayPal…. All of these payment systems are vastly more efficient than the cryptocurrencies, unless you’re interested in criminal activity.”
Price at death
$3,929
Today
$73,495
Resurrection
×18.7
On 2019-03-25, Nicholas Weaver (Professor, UC Berkeley) declared Bitcoin dead via CCN. Bitcoin was trading at ~$3,929 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 25, 2019, when one Bitcoin traded for approximately $3,929. Since then, Bitcoin has appreciated by 18.7× relative to the price on the day CCN pronounced it finished.