“The big fatal flaw is that it doesn’t actually work as currency. If you can’t use it as a competitor to all the other actual digital currency systems we have, like, oh, PayPal…. All of these payment systems are vastly more efficient than the cryptocurrencies, unless you’re interested in criminal activity.”
Nicholas Weaver, Professor, UC Berkeley · Bitcoin since: +1,945%
As published by CCN
A little perspective.
Bitcoin on that day$3,929March 25, 2019
$100 at that price$2,045At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Nicholas Weaver appears in 6 recorded obituaries. 40 declarations were recorded in 2019.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is Nothing More Than ‘Bovine Excrement’” — Nicholas Weaver, CCN, March 25, 2019. Bitcoin: $3,929.31. https://bitcoindeaths.com/posts/2019-03-25-bitcoin-is-nothing-more-than-bovine-excrement