⸺ Obituary · August 24, 2019 ⸺
“RIP Decentralization”
— Medium, Michael K. Spencer
“…we won’t be reading much about “decentralization” here anymore. That watchword for a generation of young men interested in building the future as developers, programmers and blockchain and crypto enthusiasts, is well, kind of dead.”
Price at death
$10,148
Today
$73,594
Resurrection
×7.3
On 2019-08-24, Michael K. Spencer (Crypto Content Consultant) declared Bitcoin dead via Medium. Bitcoin was trading at ~$10,148 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 24, 2019, when one Bitcoin traded for approximately $10,148. Since then, Bitcoin has appreciated by 7.3× relative to the price on the day Medium pronounced it finished.