“In light of the above analysis, Bitcoin’s power usage per transaction isn’t remotely sustainable as a wholesale replacement for the conventional financial system. In the future, Bitcoin could massively gain popularity, pile on millions more transactions, and still be unsustainable due to the arms race between miners.”
Christopher Malmo, Tech Writer, Motherboard · Bitcoin since: +29,369%
As published by Motherboard
A little perspective.
Bitcoin on that day$256.49June 29, 2015
$100 at that price$29,469At 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 Unsustainable” — Christopher Malmo, Motherboard, June 29, 2015. Bitcoin: $256.49. https://bitcoindeaths.com/posts/2015-06-29-bitcoin-is-unsustainable