⸺ Obituary · July 21, 2016 ⸺
“Why Ethereum Succeeded Where Bitcoin Failed”
— Vice.com, Stephan Tual
“The deadlock between competing corners of the Bitcoin community when it comes to hard forking, in contrast, spells doom for the currency, according to Tual. “As long as that’s true, Bitcoin will never evolve, and it will die, because what doesn’t evolve dies.””
Price at death
$665
Today
$73,562
Resurrection
×111
On 2016-07-21, Stephan Tual (Developer, DAO) declared Bitcoin dead via Vice.com. Bitcoin was trading at ~$665 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 21, 2016, when one Bitcoin traded for approximately $665. Since then, Bitcoin has appreciated by 111× relative to the price on the day Vice.com pronounced it finished.