I get where you're coming from, but two wrongs don't make a right - pointing out that the fiat system is broken is a red herring of sorts. Having said that, I

I get where you're coming from, but two wrongs don't make a right - pointing out that the fiat system is broken is a red herring of sorts. Having said that, I think the author is far too pessimistic in his outlook. The fact that cryptocurrencies are physically intangible does not simply mean it is invaluable. One can speculate that digital assets are like tulips, but what the dot com bubble taught us is that tech is here to stay. And who is to say that humans will not ascribe value to digital coins to last into the next millennium? This is coming from a believer in the gold standard.