"Why Bitcoin can’t be a currency"

Published in Internet Archive on 2010-12-15, "Why Bitcoin can’t be a currency" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin failed as a functional currency due to extreme price volatility, slow transaction speeds, and limited merchant acceptance. Bitcoin was trading at $0 at the time of publication. Bitcoin was a hobbyist curiosity trading at a fraction of a cent with negligible market presence.