All the recent politically oriented attacks on Bitcoin are completely devoid of logical analysis and steeped in establishment dogma. They use name calling tactics like "play money" and "beenie babies fad" and scare tactics like "bubble" and "cesspool of criminal activity".
What none of these arguments ever address is the massive gains in economic efficiency that Bitcoin can clearly provide. It cuts out parasitic elements of the financial system that have grown like a giant parasite over the entire society.
The author claims that Bitcoin is steeped in nerd paternalism, but what about the epic paternalism of banks and regulators? Paternalism is their entire argument against Bitcoin, which basically amounts to "if people gain economic freedom, they will hurt themselves".
What none of these arguments ever address is the massive gains in economic efficiency that Bitcoin can clearly provide. It cuts out parasitic elements of the financial system that have grown like a giant parasite over the entire society.
The author claims that Bitcoin is steeped in nerd paternalism, but what about the epic paternalism of banks and regulators? Paternalism is their entire argument against Bitcoin, which basically amounts to "if people gain economic freedom, they will hurt themselves".