Another Bitcoin Doomsday? If rumors are to be believed, Bitcoin has died many times before

One of the more famous things recently is the Linkedin post on December 8, which claimed that the end of the Bitcoin network is coming. In fact, this deleted post was allegedly posted by an "MIT Fintech alumnus" who claimed that there would be a huge "stress test" on Monday, December 12, which would attack the Bitcoin blockchain network. However, this statement seems to be a scam because the author who posted this post has never shown up.

The end of the Bitcoin network never happened

According to a recently deleted Linkedin post, Monday, December 12th will be the end of the cryptocurrency, Bitcoin. In order to make the post more visible, the author published it on various social media platforms (such as Reddit). The post compares Bitcoin to a "short-lived tulip" and calls Bitcoin a virtual currency with fundamental flaws. According to the author, a series of "global automated tests" aimed at attacking the Bitcoin network have been launched, which will prove to the world that digital assets "cannot be used to store wealth."

“It’s time to take steps to design a better, more controllable, and more secure system for global digital currency,” the authors of so-called Forcecoin explain.

However, the attack on the Bitcoin network on the 12th did not occur. According to data provided by Godaddy, the team's website URL is also an unknown domain name. In addition, although the article in question has been deleted, it is still preserved through archives. If you read this post carefully, you will find that the author is either deliberately playing tricks on the Bitcoin community or does not understand the Bitcoin protocol at all.

For example, the article invites hackers around the world to steal the Forcecoin code, just as the Mt Gox code was leaked. However, this previous exchange code leak has nothing to do with the Bitcoin network itself, which is indisputable. The article states that if hackers successfully break into Salesforce and steal the ForceCoin code, they, as the Salesforce MIT ForceCoin non-profit organization team, will admit defeat and admit that Bitcoin has won.

Bitcoin has died many times, according to mainstream media and skeptics

According to Bitcoin Obituary, and reports from mainstream media, the digital asset has died 117 times. The Linkedin article titled "Bitcoin is a bubble. It will crash on Monday, December 12, 2016" is the most recent recorded event to declare the end of Bitcoin. Other overly exaggerated reports of Bitcoin's death have also appeared in media such as Bloomberg, Newsweek, and the Wall Street Journal. Since the collapse of Mt Gox, the departure of Mike Hearn, and the hacking of Bitfinex, negative news about the end of Bitcoin has appeared one after another.

Most crypto enthusiasts can easily ignore headlines like this one about Bitcoin failing. The Linkedin article/scam is no different than these headlines before, and the arguments are illogical. However, mainstream media and people who don’t understand Bitcoin can easily be swayed by headlines like this one. Think about how many of your friends are saying, “Oh, I think Bitcoin failed.”

The so-called team behind Forcecoin does not appear to exist, and there was no Bitcoin network crash or “stress test” on December 12. In fact, the price of Bitcoin rose to $779 on the 12th, reaching its highest price this year.