“Bitcoin has failed. The failures weren’t inevitable; there are solutions to these problems in the acdemic literature. But Bitcoin was deployed by enthusiasts who in essence let experimental code escape from a lab to the world, without thinking about the engineering issues—and now they’re stuck with it.”
Steven M. Bellovin, Professor, Columbia University · Bitcoin since: +503%
As published by SMBlog
A little perspective.
Bitcoin on that day$12,630December 30, 2017
$100 at that price$602.94At our latest price check
Illustrative value using a Bitcoin price of $76,150, checked Nov 6, 2026, 10:59 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin—The Andromeda Strain Of Computer Science Research” — Steven M. Bellovin, SMBlog, December 30, 2017. Bitcoin: $12,629.81. https://bitcoindeaths.com/posts/2017-12-30-bitcointhe-andromeda-strain-of-computer-science-research