“The only difference between Bitcoin No. ABC123 and $1 Bill No. L88793293J is that at the end of the day, the $1 bill physically exists and has a face value that is worth something. Fred could take the $1 bill and buy something off the $1 menu at McDonalds….By contrast, Bitcoin has no intrinsic value — it is just a number. The number may have an agreed value between two parties, but the number itself has no value.”
Jay Adkisson, Attorney · Bitcoin since: +465%
A little perspective.
Bitcoin on that day$14,429December 28, 2017
$100 at that price$564.92At our latest price check
Illustrative value using a Bitcoin price of $81,510, checked Oct 29, 2026, 3:28 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “The Great Bitcoin Scam” — Jay Adkisson, Forbes, December 28, 2017. Bitcoin: $14,428.76. https://bitcoindeaths.com/posts/2017-12-28-the-great-bitcoin-scam