According to TechCrunch - We FAIL

[impulse]

This is pretty priceless, Bitcoin shows what, like a 1500% increase in value from the beginning of 2011 to the end, and we get classified as a failed business model in 2011. Nice!

http://techcrunch.com/2012/01/19/failure-is-an-option-7-businesses-that-tanked-in-2011-slides/

[bittenbob]

Clearly they do not understand what bitcoin is. They must have thought it was a stock or something and that the price dropping meant the business was failing. It's kind of funny really.

Just because it went from $9 to $30 and came down afterwards this is a failure? How about the fact we are almost back at the value 8 days before the peak again which is impressive. Not to mention the fact it is up a significant percentage year over year right now. I like how they also did not show any of the parabolic recovery we have had for the last several weeks on their chart.

[Littleshop]

Also FAIL: Their website. 

Noscript would have to allow 17 different addresses for the whole page to load.

While on the page I got the first clickjacking attempt I have seen in months as reported by noscript. 

[julz]

It's not actually techcrunch - source is: http://www.boardofinnovation.com/2012/01/19/learn-from-the-7-business-models-that-failed-in-2011/

[PatrickHarnett]

They list one of the businesses as a success in 2010 and a failure in 2011 - random

[RaggedMonk]

Ugh, so ugly I couldn't even get to the Bitcoin part.  This is NOT a threat, whatsoever.

[impulse]

It's not actually techcrunch - source is: http://www.boardofinnovation.com/2012/01/19/learn-from-the-7-business-models-that-failed-in-2011/

I blame them anyway!

[Serge]

well at least they've mentioned in the slideshow that Bitcoin is recovering in 2012 =)

[evoorhees]

LOL... not only did bitcoin NOT fail in 2011, it was a better investment than anything else on the planet - up over 1,400% for the year.

Hopefully we'll fail again this year!

[Rassah]

Calling Bitcoin a business = FAIL

[notme]

Even most of their other cases are full of BS.

[Gabi]

So much fail

[Fizzgig]

They didn't say bitcoin failed, they just said bitcoin got shot in the pancreas, it happens.