I would say if one read's Mike's essay and assumed a few things, his opinion would be that it's a moot point. There are already people who think bitcoin is a li

I would say if one read's Mike's essay and assumed a few things, his opinion would be that it's a moot point. There are already people who think bitcoin is a liquid asset where trading x bitcoins can buy something of value. Those people are having a bad user experience buying stuff with bitcoin, and thus are less encouraged to use bitcoin in the future, which hurts bitcoin as a whole.