“…we won’t be reading much about “decentralization” here anymore. That watchword for a generation of young men interested in building the future as developers, programmers and blockchain and crypto enthusiasts, is well, kind of dead.”
Michael K. Spencer, Crypto Content Consultant · Bitcoin since: +688%
A little perspective.
Bitcoin on that day$10,148August 24, 2019
$100 at that price$788.40At our latest price check
Illustrative value using a Bitcoin price of $80,005, checked Oct 29, 2026, 1:50 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “RIP Decentralization” — Michael K. Spencer, Medium, August 24, 2019. Bitcoin: $10,147.76. https://bitcoindeaths.com/posts/2019-08-24-rip-decentralization