The author mistakenly attributes the deflating aspects of a controlled limited supply of Bitcoins (by design) as the cause of the recent surge in valuation whil

The author mistakenly attributes the deflating aspects of a controlled limited supply of Bitcoins (by design) as the cause of the recent surge in valuation while it's really just speculation at this point. Even worse, he's urging everyone to hoard their bitcoins and not spend them because he believes t1 will always be higher than t0. When you undermine the only true value of a currency (which is trading) you might as well place your bets in a Las Vegas casino and get some free drinks while you're at it because the thin line between speculating and gambling has been crossed at this point.