“Blockchain technology gives Bitcoin two crucial characteristics;— it can be exchanged peer-to-peer without the need for a trusted intermediary, and it lets transactions be anonymous. In both these ways, Bitcoin resembles physical cash. But whereas physical cash is the liability of a government, with a central bank controlling its value, Bitcoin is a liability of nobody. This is its fatal flaw as a currency. There’s nothing to stop its value from falling to zero.”
David Shipley, Journalist, Bloomberg · Bitcoin since: +609%
As published by Bloomberg
A little perspective.
Bitcoin on that day$11,141January 17, 2018
$100 at that price$708.78At our latest price check
Illustrative value using a Bitcoin price of $78,967, checked Oct 29, 2026, 11:11 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Isn't The Future Of Money” — David Shipley, Bloomberg, January 17, 2018. Bitcoin: $11,141.25. https://bitcoindeaths.com/posts/2018-01-17-bitcoin-isnt-the-future-of-money