⸺ Obituary · May 20, 2015 ⸺
“The Death Of Bitcoin”
Tony Arcieri
“I don’t think Bitcoin is the correct technology to build these sorts of ideas on. I understand and strongly sympathize with the desire to move to decentralized systems and plan on eventually working in that space myself, but between Bitcoin’s efficiency problems and poor tolerance of network partitions, I do not think it’s suitable as a general purpose global decentralized database in the way people want to use it.”
Price at death
$234
Today
$61,577
Resurrection
×263
On 2015-05-20, Tony Arcieri (Programmer) declared Bitcoin dead via Tony Arcieri. Bitcoin was trading at ~$234 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 20, 2015, when one Bitcoin traded for approximately $234. Since then, Bitcoin has appreciated by 263× relative to the price on the day Tony Arcieri pronounced it finished.
