"Bitcoin: 10 Years Of Smoke And Mirrors"
BTC_AT_TIME $6,579
Published in Medium on 2018-10-01, "Bitcoin: 10 Years Of Smoke And Mirrors" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $6,579 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.