“The federal reserve comes out with their own version of the bitcoin, let’s call it the “USDcoin”, they make a .001 (or some other arbitrary number) USDc the equivalent of $1 and they make it very easy to use. You can have these deposited into your existing bank account and they are immediately converted to dollars and when you send dollars out of your account they are immediately converted to USDc. Then the government also implements anti-bitcoin laws that make using bitcoin difficult or impossible to use. Of course they will claim bitcoin was being used for illegal purposes and money laundering. This will be the end of bitcoin.”
Fester's Den · Bitcoin since: +10,064%
As published by Fester's Den
How Bitcoin Is Going To Fail And Why It Is Not A Gold Equivalent ↗
A little perspective.
Bitcoin on that day$747.48November 22, 2013
$100 at that price$10,164At our latest price check
Illustrative value using a Bitcoin price of $75,974, checked Nov 6, 2026, 2:59 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “How Bitcoin Is Going To Fail And Why It Is Not A Gold Equivalent” — Fester's Den, Fester's Den, November 22, 2013. Bitcoin: $747.48. https://bitcoindeaths.com/posts/2013-11-22-how-bitcoin-is-going-to-fail-and-why-it-is-not-a-gold-equivalent