So, perhaps it is best to take Aksakov’s warnings with a generous helping of salt. According to, Satoshi’s brainchild has died some 400 times since its inception. When it comes to Bitcoin's durability, the facts paint a very different picture. Opinions, however, are like butt holes - everyone has them, and most of them stink. In Aksakov's opinion, the demise of Bitcoin is inevitable. In this context Bitcoin provides a basis for a bubble on the crypto market, and I think this bubble should burst sooner or later.” This is a private currency, and its value is based on trust of the related data system. In a recent interview, the economist Anatoly Aksakov, a vocal Bitcoin-critic, had this to say: “Bitcoin is not backed by anything as a cryptocurrency. But, what is it that they seem to see, exactly? They see what we, the so-called naïve idealists, fail to see. Some Bitcoin naysayers, for example, see themselves as the purveyors of truth, the red-pillers of society. Spoiler alert, Neo, played by the über-cool Keanu Reeves, chose the red pill, and the rest is Hollywood history.Īlthough we do not live in The Matrix (or do we?), the red pill-blue pill dilemma is a very real phenomenon. Opting for a blue pill, on the other hand, allows one to remain in a state of blissful ignorance. Twenty-one years ago, Morpheus uttered the immortal line, " You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes." Ingesting a red pill, we are told, results in the revelation of a harsh, life-changing truth.