Agreed. The author is beset by muddled thinking. None of the arguments he brings forward are relevant to the question at hand.
The most important consequence of bitcoin is watching programmers and other tech oriented people play armchair economist. They certainly seem to be having lots of fun but they are playing a game no economist recognizes.
The most important consequence of bitcoin is watching programmers and other tech oriented people play armchair economist. They certainly seem to be having lots of fun but they are playing a game no economist recognizes.