"Blockchain Is A Fraud"
BTC_AT_TIME $36,575
Published in Twitter on 2022-05-05, "Blockchain Is A Fraud" declared Bitcoin dead or fundamentally doomed. The piece characterised Bitcoin as a fraudulent scheme with no underlying value, arguing it would inevitably collapse once new buyers dried up. Bitcoin was trading at $36,575 at the time of publication. Bitcoin fell sharply amid interest rate hikes and the spectacular collapse of the FTX exchange and the Terra/Luna ecosystem.