⸺ Obituary · December 28, 2020 ⸺
“Bitcoin Is A Disaster”
— metzdowd, Ray Dillinger
“Bitcoin was a good effort, it deployed some new ideas and technology, and showed that at some scale the “block chain” idea worked, but ultimately, although a successful proof of concept, failed to deliver. It doesn’t scale, except by becoming the very thing it was supposed to replace.”
Price at death
$27,042
Today
$73,594
Resurrection
×2.7
On 2020-12-28, Ray Dillinger (Engineer) declared Bitcoin dead via metzdowd. Bitcoin was trading at ~$27,042 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 28, 2020, when one Bitcoin traded for approximately $27,042. Since then, Bitcoin has appreciated by 2.7× relative to the price on the day metzdowd pronounced it finished.