Bitcoin is the first decentralized peer-to-peer payment network.
The creation of Bitcoin is attributed to an individual or group under the pseudonym Satoshi Nakamoto, who published a white paper in 2008 outlining the concept. Bitcoin’s first implementation was released in 2009, marking the start of a new era in digital currency.
Many consider Bitcoin to be one of the most important inventions in history, as its decentralized nature challenges traditional financial institutions and structures, urging a reevaluation of these systems for the digital age.
Critics, however, highlight significant concerns: they claim its notorious price volatility poses a risk to investors and hinders its adoption as a stable currency; the energy-intensive mining process raises serious environmental concerns; its use in illicit activities, such as money laundering and financing terrorism, tarnishes its image; regulatory uncertainties and the complex technological landscape pose challenges for both users and authorities; and issues of accessibility and security risks, including susceptibility to hacks and fraud, question its practicality for widespread use.
This dichotomy inspired me to create ‘Bitcoin Is Dead’. It tracks and documents the views of Bitcoin skeptics and documents key moments in its history.
Contrary to its ominous name, ‘Bitcoin Is Dead’ shows that Bitcoin remains very much alive and active. Market prices, transaction volumes, and block sizes reflect its vitality.
I hope this project serves as an informative resource and a testament to Bitcoin’s resilience, adaptability, and value.