Bitcoin Is Dead

October 15, 2010
Bitcoin Price: $0.11

WHY BITCOIN CAN’T BE A CURRENCY

Negative feedback loops like this are basically homeostasis. In nature, positive feedback loops like exist with Bitcoin are lethal; the only thing that’s even kept Bitcoin alive this long is its novelty. Either it will remain a novelty forever or it will transition from novelty status to dead faster than you can blink.

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Source: The Underground Economist