⸺ Obituary · November 28, 2017 ⸺
“You're Gonna Lose All Your Money On Bitcoin, Idiots”
— Splinter, Hamilton Nolan
“Bitcoin is a fake and made-up scam. Can you articulate what it is? “Bullshit jargon that means nothing”-you. Hell no. All we can say for sure about this imaginary “coin” is that it is going to cost you a bundle (sucker)….. Then there are the idiots—like you—who say, “Where I can but some ‘Bitcoin’ to get rich, like all my ‘gamer’ friends?” A wise man once said “What goes up must come down” and another, wiser man once said “All This Bitcoin Stuff Is Fake.” It’s not real, folks.”
Price at death
$9,908
Today
$73,490
Resurrection
×7.4
On 2017-11-28, Hamilton Nolan (Labor Writer, In These Times) declared Bitcoin dead via Splinter. Bitcoin was trading at ~$9,908 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 28, 2017, when one Bitcoin traded for approximately $9,908. Since then, Bitcoin has appreciated by 7.4× relative to the price on the day Splinter pronounced it finished.