#MyFirstFeedPost Hello, Binance Square! Almost exactly 8 years ago, The Washington Post buried Bitcoin.

On Jan. 19, 2016, The Washington Post published an article titled “R.I.P., Bitcoin. It’s time to move on” by Vivek Wadhwa, in which the first cryptocurrency was prophesied to have died.

The main theses of the article are:

🟢 The article outlines Bitcoin’s serious flaws, including its instability, use for illicit transactions, speculative nature, and security vulnerabilities.

🟢 Bitcoin is comparable to a pyramid scheme.

🟢 Problems with transaction processing on the Bitcoin network and internal conflicts within the Bitcoin community are pointed out.

🟢 The article concludes by discussing how we can learn from Bitcoin’s mistakes to create more sustainable and responsible governance systems in the future.

➡️In those days, Bitcoin was worth about $400 apiece, which is about 100x less than it is today and about 175x less relative to its peak in 2021.

What does he think about Bitcoin today?... 🤷‍♂️ what are your suggestions 😂