Notice the article never actually decides on just why Bitcoin is dead. It throws out a random and sometimes incoherent list of attacks on bitcoin, and demands readers accept that conclusion. (The comment about the People's Army controlling bitcoin is just precious - something that is about as sensible as the Washington Post publishing an article seriously claiming that flying monkeys were massing to invade Iran. I'd like to see the author try to defend whatever it was he was thinking on that point.)
I love how they claim bitcoin is dead because it faces growing challenges. But why can't it survive indefinitely as a kind of digital gold (accepting the low transaction limit)? And do they not understand that a core strength of bitcoin is that it is software, able to be redesigned and updated as needed?
The "civil war" is not a problem but a virtue of bitcoin - it shows that people are closely studying proposed changes and arguing it out to ensure that we end up with the best possible result. That's better than a less contentious method that allows errors to be enacted and maintained (ala central bank decisions).
Yeah, I read this article earlier today... and they seemed to make a bunch of claims about bitcoin, which they assume to be FACT without a reasonable doubt. They try to give viewers a sense of what Bitcoin is, and basically says that it is an
anonymous coin that is only used by
criminals on the
dark web. This has been the main argument against bitcoin ever sense Silk Road gained traction. But the reality of it should be the opposite.
I mean sure, people use it all the time on the dark web for drugs and illegal activities... but to say that this coin is a completely anonymous and criminal "ponzi scheme" is really a rush to judgement from the author. It's not even anonymous, but more a public ledger that everyone can track every coin since the birth of bitcoin.
I just wish some author from a major news site would take the time to research bitcoin before making false claims and give an unbiased story about bitcoin, whether it shows the true flaws and true potentials... but of course that isn't going to happen for a long time, because main news outlets gain viewers by giving very biased opinions on controversial matters.