⸺ Obituary · October 12, 2016 ⸺
“Is Bitcoin Doomed?”
— Newsweek, Martin Tomlinson
“Bitcoin will expire the very day the first quantum computer appears…. It will be doomed, Tomlinson says. Any disruption needs the consensus of the bitcoin community and that can’t even be realized when it comes to the transaction limit problem. That’s a relatively simple problem compared to redoing the entire digital signature method. It’s probably impossible, so bitcoin has had it.”
Price at death
$635
Today
$73,401
Resurrection
×116
On 2016-10-12, Martin Tomlinson (Professor, Plymouth University) declared Bitcoin dead via Newsweek. Bitcoin was trading at ~$635 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 12, 2016, when one Bitcoin traded for approximately $635. Since then, Bitcoin has appreciated by 116× relative to the price on the day Newsweek pronounced it finished.