"Blockchain is not only crappy technology but a bad vision for the future"

Published in Medium on 2018-04-05, "Blockchain is not only crappy technology but a bad vision for the future" declared Bitcoin dead or fundamentally doomed. The piece dismissed Bitcoin while acknowledging blockchain technology, arguing the underlying network was the real innovation and Bitcoin itself was dispensable. Bitcoin was trading at $6,786 at the time of publication. Bitcoin crashed more than 80% from its late 2017 peak, with critics pointing to the burst of the speculative bubble.