“First of all, the cryptocurrencies don’t actually work as currency. That’s the big deal. They’re hard to buy because they are deliberately incompatible with the rest of the financial system. They’re incredibly hard to hold on to because, well, something goes wrong it’s “Sorry for your loss.” That’s a function of the irreversible design. And finally, they’re actually really hard to spend. Most merchants who accept cryptocurrency aren’t actually accepting cryptocurrency, they’re using a service that turns it into dollars.”
Nicholas Weaver, Professor, UC Berkeley · Bitcoin since: +1,271%
As published by BREAKERMAG
A little perspective.
Bitcoin on that day$4,918April 4, 2019
$100 at that price$1,371At our latest price check
Illustrative value using a Bitcoin price of $67,421, checked Nov 14, 2026, 3:26 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. “The Best Thing To Do With Crypto? Burn It With Fire” — Nicholas Weaver, BREAKERMAG, April 4, 2019. Bitcoin: $4,917.85. https://bitcoindeaths.com/posts/2019-04-04-the-best-thing-to-do-with-crypto-burn-it-with-fire