“We’ve known bitcoin was dropping for a while, but the nails are really going in the coffin now. It costs $5,000 to make a bitcoin. But bitcoin is now only selling for $6,000. If this pattern keeps up, it’ll soon cost more to make bitcoin than bitcoins are actually worth, meaning nobody will bother making them anymore. Bitcoin is a colossal waste of energy that will soon be no more. Good riddance.”
Ilana Strauss, Writer · Bitcoin since: +2,195%
As published by TreeHugger
A little perspective.
Bitcoin on that day$3,378December 11, 2018
$100 at that price$2,295At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 5:18 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Good News: Bitcoin Is Becoming Worthless” — Ilana Strauss, TreeHugger, December 11, 2018. Bitcoin: $3,378.12. https://bitcoindeaths.com/posts/2018-12-11-good-news-bitcoin-is-becoming-worthless