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Bitcoin Is Dying As Designed: Unprofitable Mining May End It

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Imagine getting something for free, something everyone around you considered worthless. That’s exactly what happened to me back in 2009, when I was handed some Bitcoin at a conference. At the time, it was little more than a digital curiosity, good for nothing but trading among enthusiasts. I didn’t think much of it, but I held onto a bit.

Then, something shifted. When Bitcoin surged past the $500 mark, my casual interest morphed into serious intrigue. For years after, I found myself in countless discussions, all centered on one burning question: how could we actually use this thing in the real world?

By 2013, as Bitcoin began its meteoric rise, I felt compelled to truly understand its inner workings. For me, that meant diving deep into its core — the actual source code of the Bitcoin nodes, or Bitcoin Core as it’s known today. Bitcoin has always been shrouded in myths, some so outlandish that a quick look at the code instantly debunks them.

While I’ve always been, and remain, deeply invested in Bitcoin — committed to it until the very end — my skepticism about its future has grown steadily over the years. Today, I’m more doubtful than ever. Let me tell you why.

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