And what is the point? Does the price prove that bitcoin has not failed?
To me, bitcoin died sometime in 2013 when mining became hopelessly centralised, breaking the economic and security models Satoshi had set forth. The bitcoin thereafter has been a soulness Frankenstein animated by a mixture of ego, greed, and hubris. I don't want to make any predictions, but when the crash comes it will be over before you knew it.
As for the wider field of blockchain/DLT, it bears an uncanny parallel to the early days of nuclear physics when radioactivity was first discovered by the Curies: The science behind it was be sound, yet any benefit to mankind was overshadowed by the cottage industry selling radioactive snake oil for a long time before the mania died down. And people died when basic precautious were not taken.
It may work down the road and it may not, but right now all I see is woo in every direction.
To me, bitcoin died sometime in 2013 when mining became hopelessly centralised, breaking the economic and security models Satoshi had set forth. The bitcoin thereafter has been a soulness Frankenstein animated by a mixture of ego, greed, and hubris. I don't want to make any predictions, but when the crash comes it will be over before you knew it.
As for the wider field of blockchain/DLT, it bears an uncanny parallel to the early days of nuclear physics when radioactivity was first discovered by the Curies: The science behind it was be sound, yet any benefit to mankind was overshadowed by the cottage industry selling radioactive snake oil for a long time before the mania died down. And people died when basic precautious were not taken.
It may work down the road and it may not, but right now all I see is woo in every direction.