“By its very design, blockchain technology is poorly suited for just about every purpose currently touted as a present or potential source of public benefit. From its inception, this technology has been a solution in search of a problem and has now latched onto concepts such as financial inclusion and data transparency to justify its existence, despite far better solutions to these issues already in use. Despite more than thirteen years of development, it has severe limitations and design flaws that preclude almost all applications that deal with public customer data and regulated financial transactions and are not an improvement on existing non-blockchain solutions.”
Stephen Diehl + 1500 other computer scientists, software engineers, and technologists · Bitcoin since: +141%
As published by Concerned Tech
A little perspective.
Bitcoin on that day$31,452June 1, 2022
$100 at that price$241.22At our latest price check
Illustrative value using a Bitcoin price of $75,868, checked Nov 8, 2026, 5:10 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Letter in Support of Responsible Fintech Policy” — Stephen Diehl + 1500 other computer scientists, software engineers, and technologists, Concerned Tech, June 1, 2022. Bitcoin: $31,451.5. https://bitcoindeaths.com/posts/2022-06-01-letter-in-support-of-responsible-fintech-policy