“In theory, bitcoin could become a lawful virtual currency if the bitcoin community gave up anonymity and therefore incorporated the identities of bitcoin senders and receivers as part of the currency. But that would eliminate the cash-like feature that makes bitcoin attractive and vastly decrease the demand for bitcoin. That does not seem like a viable path forward. . . . While I praise the sheer ingenuity of bitcoin and its payments innovation, it should be buried.”
Bryan Lynn, Software Engineer · Bitcoin since: +54,903%
As published by Salon
Bitcoin Is A Remarkable Innovation, Here’s Why It Will Fail ↗
A little perspective.
Bitcoin on that day$137.42October 16, 2013
$100 at that price$55,003At our latest price check
Illustrative value using a Bitcoin price of $75,585, checked Nov 6, 2026, 8:42 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is A Remarkable Innovation, Here’s Why It Will Fail” — Bryan Lynn, Salon, October 16, 2013. Bitcoin: $137.42. https://bitcoindeaths.com/posts/2013-10-16-bitcoin-is-a-remarkable-innovation-heres-why-it-will-fail