“Let’s also bear in mind what it is that makes some venture capitalists Bitcoin zealots: pure greed. That is the reason clearest to me for Bitcoin’s failure. Intended as a level playing field and a more efficient transaction system, the Bitcoin system has deteriorated into a fight between interested parties over a pool of money. In the beginning, Bitcoin was a noble experiment. Now, it is a distraction. It’s time to build more rational, transparent, robust, accountable systems of governance to pave the way to a more prosperous future for everyone.”
Vivek Wadhwa, Professor, Carnegie Mellon · Bitcoin since: +17,910%
As published by The Washington Post
A little perspective.
Bitcoin on that day$420.33February 19, 2016
$100 at that price$18,010At our latest price check
Illustrative value using a Bitcoin price of $75,703, checked Nov 6, 2026, 2:37 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “R.I.P. Bitcoin. It’s Time To Move On.” — Vivek Wadhwa, The Washington Post, February 19, 2016. Bitcoin: $420.33. https://bitcoindeaths.com/posts/2016-02-19-rip-bitcoin-its-time-to-move-on