The author is wrong in many points: 1. Bitcoin is the open base for monetary innovation, you should compare it to internet protocols like IP or HTTP, Linux, no

The author is wrong in many points: 1. Bitcoin is the open base for monetary innovation, you should compare it to internet protocols like IP or HTTP, Linux, not some privately-owned social networks. 2. There's hardly any need to enhance anything in bitcoin itself, the security is enough, nobody has proven otherwise. 3. Alternative cryptocurrencies are 99.9% copies of bitcoin with hardly any innovation. Only proof-of-stake(ppcoin) algorithm and scrypt hashing(litecoin) are real changes and it is questionable if they add any value. 4. The slow speed of transactions (~10min), which other cryptocurrencies are trying to "fix", could be easily brought to instant with a help of third-party service, there are many way of doing it. 5. Bitcoin developers and pool operators aren't some kind of "kings", they are merely leaders guiding the community.