“Bitcoin is (Nearly) All Dead” – Acton | $325.60

Right now, Bitcoin is only mostly dead. As an investment, it was the worst of 2014. . . . The problem, though, is that Bitcoin will likely not survive to get to that level of innovation. Will Bitcoin enthusiasts support it after they realize it has ceased to be useful as a currency and is a terrible investment? Not likely. At some point they are going to realize that they are subsidizing Bitcoin for theoretical and emotional reasons so that it can be exploited by regulation-seeking venture capitalists. When that happens Bitcoin will shift from being mostly dead to being all dead.

“Wired, Tired, Expired for 2012: EXPIRED – Bitcoin” – Wired | $13.30

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can’t even use it to buy Facebook stock.

“Sorry, libertarians: Your dream of a Bitcoin paradise is officially dead and gone” – Salon | $637.77

Neither Satoshi Nakamoto nor Bitcoin ever stood any chance of operating outside the bounds of conventional society. There will be regulation, there will be consumer protection, there will be rules and taxes, and criminal prosecutions for those who break the law. Bitcoin isn’t cyberpunk fantasy and it isn’t a Thomas Pynchon novel. It’s dull. The thrill is gone. And that’s why people are so mad.

“Bitcoins are a waste of energy – literally” – The Drum | $246.07

Fortunately, it’s unlikely that Bitcoin will survive long enough to generate the environmental disaster that would arise if it became a major part of the financial system. The same design feature that requires the use of so much electricity is the fatal flaw in Bitcoin as a currency. source

“Bitcoin’s at It Again” – Bloomberg | $734.35

It’s still a good reason not to use Bitcoin as a hedge against the expected market sell-off an electoral victory by Donald Trump would entail. There are other reasons, too. For one, Bitcoin is quickly becoming a thing of the past. Source

“Bitcoin Refuses to Just Die Already” – Gizomdo | $1185.01

a small group of Chinese companies have effectively gained control of bitcoin, making it vulnerable to market manipulation. Add that on top of the fact that bitcoin exchanges are prone to collapsing (as they have in the past) and you have a digital currency that is, according to the Financial Times, essentially worthless. At least..

״Why Investors Should Ignore the Cryptocurrency Hype״ – Investopedia | $2,594.21

I’ve seen enough cryptocurrency stories over the last few weeks to last me a lifetime, especially about Bitcoin. Bitcoin is not a store of value, and it’s not a reasonable investment candidate. You’ve been warned! Bitcoin isn’t a currency, it’s not a store of value and it’s certainly not worthy of investment. Cryptocurrencies are the..

“Gartman: Avoid the bitcoin boom” – CNBC | $4,046.99

How can you buy a house, how can buy a car, how can you buy Starbucks with bitcoin when price is going to fluctuate as dramatically as it has. This looks to me like… very much.. you can take the chart of bitcoin and apply it against the tulip bulb mania of the 15th century..

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