"The Big Blockchain Lie"

Published in Project Syndicate on 2018-10-15, "The Big Blockchain Lie" 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 $6,513 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.