“It has not transformed the economy of today. While the number of bitcoin transactions is growing every year, it’s nothing close to a mass-market consumer technology, like Google, or Netflix, or even PayPal. Bitcoin remains cumbersome to use (the typical transaction can take up to 10 minutes) and the price is extremely volatile. It is, for now, a frankly terrible currency built on top of a potential transformative technology.”
Derek Thompson, Staff Writer, The Atlantic · Bitcoin since: +579%
As published by The Atlantic
A little perspective.
Bitcoin on that day$9,917November 30, 2017
$100 at that price$679.23At our latest price check
Illustrative value using a Bitcoin price of $67,356, checked Nov 14, 2026, 6:37 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 A Delusion That Could Conquer The World” — Derek Thompson, The Atlantic, November 30, 2017. Bitcoin: $9,916.54. https://bitcoindeaths.com/posts/2017-11-30-bitcoin-is-a-delusion-that-could-conquer-the-world