“Split by internal divisions while its most useful aspects are harvested by the very financial behemoths it once hoped to destroy, Bitcoin is fast becoming the tech world’s version of Waiting for Godot, wherein a hermetically sealed community squabbles and bickers over arcane points of code and law as their world slowly crumbles around them….Welcome to today’s Bitcoin—a phenomenon so internally focused that its advocates have barely noticed the battle has already been lost.”
Luke Ryan, Tech Writer · Bitcoin since: +13,125%
As published by Quartz
How Bitcoin Was Brought Down By Its Own Potential—And The Banks ↗
A little perspective.
Bitcoin on that day$576.00August 30, 2016
$100 at that price$13,225At our latest price check
Illustrative value using a Bitcoin price of $76,178, checked Nov 6, 2026, 12:54 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 Was Brought Down By Its Own Potential—And The Banks” — Luke Ryan, Quartz, August 30, 2016. Bitcoin: $576. https://bitcoindeaths.com/posts/2016-08-30-how-bitcoin-was-brought-down-by-its-own-potentialand-the-banks