Agreed. His entire argument boils down to "Money has never worked like bitcoin, so it can't possibly work." It's an absurd line of logic to use as a critique. I

Agreed. His entire argument boils down to "Money has never worked like bitcoin, so it can't possibly work." It's an absurd line of logic to use as a critique. It's like the RIM guys claiming no one would like iPhones because they don't have physical keyboards, and smartphones "have always had physical keyboards."