⸺ Obituary · March 2, 2016 ⸺
“The Dream Of Buying A Coffee With Bitcoin Is Dying, If It’s Not Already Dead”
Peter Todd
“There was a time when believers in bitcoin, the virtual currency backed by math instead of any government, thought that it might one day replace cash as a relatively anonymous way to pay for everything from groceries to your morning coffee. Now, that dream might be smack dab in the midst of crashing down, a function of the currency’s code playing out. At stake is nothing less than two competing visions for the future of bitcoin itself.”
Price at death
$422
Today
$61,577
Resurrection
×146
On 2016-03-02, Peter Todd (Bitcoin Developer) declared Bitcoin dead via Vice. Bitcoin was trading at ~$422 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 2, 2016, when one Bitcoin traded for approximately $422. Since then, Bitcoin has appreciated by 146× relative to the price on the day Vice pronounced it finished.