Bitcoin Has Died Nearly 100 Times 

According to the mainstream press, Bitcoin has died…Many, many times. That’s why Jordan Tuwiner started Bitcoin Obituaries – to compile the many obituaries which have been written about the nascent cryptocurrency Bitcoin.

He had noticed a preponderance of articles claiming Bitcoin would soon be gone..

“I wanted to collect the articles and make a monument showing Bitcoin’s resilience. I knew the site would be funny, but also shows Bitcoin’s strength over time,” Tuwiner told Cryptocoins News.

Tuwiner’s favorite obituary is called “So, That’s the End of Bitcoin Then”. The obituary states:

“Bitcoins aren’t secure, as both the recent theft and this password problem show. They’re not liquid, nor a store of value, as the price collapse shows and if they’re none of those things then they’ll not be a great medium of exchange either as who would want to accept them? . . . It’s difficult to see what the currency has going for it.”

“Bitcoin is up 1,590% since this obituary was published,” Tuwiner tells CCN.

As for who would want to accept them?

“Microsoft, Newegg, Overstock,” he points out.

Tuwiner has found a common thread from one obituary to the next.

“The authors have no understanding of how Bitcoin works or basic economics,” he tells CCN. “Take the first sentence from the obituary above: ‘Bitcoins aren’t secure, as both the recent theft and this password problem show.’ Bitcoin itself is quite possibly the most secure currency in history. You can securely store it yourself. Third party exchanges lead to theft. Not Bitcoin.”

Source: cryptocoinsnews – Bitcoin Has Died Nearly 100 Times

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