“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.”
The Underground Economist · Bitcoin since: +70,492,427%
As published by The Underground Economist
A little perspective.
Bitcoin on that day$0.11October 15, 2010
$100 at that price$70,492,527At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 4:07 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Why Bitcoin Can’t Be A Currency” — The Underground Economist, The Underground Economist, October 15, 2010. Bitcoin: $0.11. https://bitcoindeaths.com/posts/2010-10-15-why-bitcoin-cant-be-a-currency