“The problem, as I see it, is that bitcoin only value is it’s medium of exchange, without any real effort. It is ripe for fraud and manipulation, but what fiat monetary system isn’t. The automatic systems of growth to a finite number of units along with the division into smaller increments are intended to eliminate the problems of past monetary failures but cannot control human nature. As the medium of exchange and perceived value increases, hording will occur.”
??? · Bitcoin since: +74,459%
As published by DailyPaul.com
A little perspective.
Bitcoin on that day$104.00June 26, 2013
$100 at that price$74,559At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 5:55 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
??? appears in 23 recorded obituaries. 20 declarations were recorded in 2013.
Keep the receipt.
Bitcoin Is Dead. “Why Bitcoin Will Fail” — ???, DailyPaul.com, June 26, 2013. Bitcoin: $104. https://bitcoindeaths.com/posts/2013-06-26-why-bitcoin-will-fail