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Bitcoin Has Died 473 Times

Validated Individual Expert

Death and taxes are the only two certainties in life. But when it comes to Bitcoin, there’s another certainty that’s just as reliable: people declaring its demise. Every now and again, a journalist, politician or other public person with the vision of a bat and a mole combined will creep up from under the floorboards and regurgitate a piece of writing which states that “Bitcoin has died”.

Number of Bitcoin obituaries in the last 12 months. Source: 99bitcoins.com

If the person is notable enough, it might even make its way into the mainstream media, and be recorded on the chart above.

The guys at 99bitcoins.com have done a great job of creating a system where everyone can record a Bitcoin obituary so we can track just how many times it’s been said. They also record the publication or person that said it along with what exactly has been said. So that, everyone can see these comments aging like milk.

For instance, you can hover over each one of these bubbles to see who said it, and click through to the “eulogy”

Being a Bitcoin or cryptocurrency hater is like being a car hater back when everyone had horses. Over the years, some have called it a bubble, a fad, or even a Ponzi scheme.

Here’s a full chart of all bitcoin death declarations, since the beginning of Bitcoin, with the first one taking place on December 15 2010.

Even at it’s all time high of $65k some bright bulb on the Internet didn’t miss the chance to jump head first into a wet cement whole and start blowing bubbles.

But despite the naysayers, Bitcoin is still going strong. In fact, in less than 15 years — Bitcoin along Ethereum and other notable altcoins, have forever changed the way we think about an interact with money.

So then why all the death declarations? The main reason in my opinion is the lack of understanding surrounding Bitcoin and blockchain technology, and massively underestimating the power of a decentralised peer-to-peer network. This is the first time in history when money and state could actually be decoupled, allowing people more financial freedoms than ever before.

Despite the doubters, Bitcoin has proven to be incredibly resilient. It’s survived market crashes, regulatory crackdowns, and even high-profile hacks and thefts, and it even survived Jim Cramer.

People occasionally going online and declaring Bitcoin dead means that we are still so early in this, because many people still don’t understand or can’t see the fundamental changes that Bitcoin has already made to the world financial system, and the ones that it will inevitably continue to make.

Everyone will eventually get it, but some might need to accept that a slight perspective change in the way they view the world is beneficial.

Read more: https://cryptomaton.medium.com/bitcoin-has-died-473-times-eebfa3affb0f

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