{"name":"Bitcoin Is Dead","attribution":"Source: Bitcoin Is Dead (https://bitcoindeaths.com)","totalObituaries":482,"matched":1,"returned":1,"query":{"search":"","year":"","person":"","publication":"","sort":"newest","slug":"2011-05-08-why-bitcoin-will-fail","limit":5},"notes":"statementDate is the original publication date; addedOn is when the record entered this archive. Historical prices are USD snapshots, not investment returns. Inclusion records criticism, not a verdict that every claim is false.","terms":"https://bitcoindeaths.com/terms","documentation":"https://bitcoindeaths.com/data#lookup","records":[{"slug":"2011-05-08-why-bitcoin-will-fail","title":"Why Bitcoin Will Fail","quote":"Like the gold standard, a successful bitcoin would send our economy back into the dark ages. . . . Even if it became popular, governments would squash it because of #1 and because they like being in power. . . . With bitcoin, a single failure of the cryptosystem could result in an utter collapse of the entire financial network.","person":"Avery Pennarun","jobTitle":"Google Fiber Engineer","publication":"Apenwarr","statementDate":"2011-05-08","bitcoinPriceUsd":3.87,"addedOn":null,"updatedOn":null,"citationUrl":"https://bitcoindeaths.com/posts/2011-05-08-why-bitcoin-will-fail","sourceUrl":"https://apenwarr.ca/log/?m=201105","archiveUrl":"https://web.archive.org/web/20110512041934/http://apenwarr.ca:80/log/?m=201105"}]}