⸺ Obituary · March 7, 2014 ⸺
“Sorry, Libertarians: Your Dream Of A Bitcoin Paradise Is Officially Dead And Gone”
Andrew Leonard
“Neither Satoshi Nakamoto nor Bitcoin ever stood any chance of operating outside the bounds of conventional society. There will be regulation, there will be consumer protection, there will be rules and taxes, and criminal prosecutions for those who break the law. Bitcoin isn’t cyberpunk fantasy and it isn’t a Thomas Pynchon novel. It’s dull. The thrill is gone. And that’s why people are so mad.”
Price at death
$626
Today
$61,577
Resurrection
×98.4
On 2014-03-07, Andrew Leonard (Staff Writer, Salon) declared Bitcoin dead via Salon. Bitcoin was trading at ~$626 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 7, 2014, when one Bitcoin traded for approximately $626. Since then, Bitcoin has appreciated by 98.4× relative to the price on the day Salon pronounced it finished.