“Fortunately, it’s unlikely that Bitcoin will survive long enough to generate the environmental disaster that would arise if it became a major part of the financial system. The same design feature that requires the use of so much electricity is the fatal flaw in Bitcoin as a currency.”
John Quiggin, Professor, University of Queensland · Bitcoin since: +31,316%
As published by The Drum
A little perspective.
Bitcoin on that day$240.59October 5, 2015
$100 at that price$31,416At our latest price check
Illustrative value using a Bitcoin price of $75,585, checked Nov 6, 2026, 8:41 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
John Quiggin appears in 3 recorded obituaries. 29 declarations were recorded in 2015.
Keep the receipt.
Bitcoin Is Dead. “Bitcoins Are A Waste Of Energy, Literally” — John Quiggin, The Drum, October 5, 2015. Bitcoin: $240.59. https://bitcoindeaths.com/posts/2015-10-05-bitcoins-are-a-waste-of-energy-literally