“All of which is to say that doing anything legally with bitcoins — and especially converting them into fiat currencies — is going to get harder and more expensive as governments involve themselves. So hard and so expensive, I’d argue, that any advantages the crypto-currency may have over normal means of exchange, like credit cards, will soon disappear.”
Timothy Lavin, Economics Writer, Bloomberg · Bitcoin since: +79,753%
As published by Bloomberg View
A little perspective.
Bitcoin on that day$94.78August 8, 2013
$100 at that price$79,853At our latest price check
Illustrative value using a Bitcoin price of $75,685, checked Nov 6, 2026, 2:12 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Timothy Lavin appears in 2 recorded obituaries. 20 declarations were recorded in 2013.
Keep the receipt.
Bitcoin Is Dead. “The SEC Shows Why Bitcoin Is Doomed” — Timothy Lavin, Bloomberg View, August 8, 2013. Bitcoin: $94.78. https://bitcoindeaths.com/posts/2013-08-08-the-sec-shows-why-bitcoin-is-doomed