I frankly just thought this was poorly written. I tried to do a tl;dr, but found it hard. Here is my best shot: 1) "currencies...increase the efficiency of b

I frankly just thought this was poorly written. I tried to do a tl;dr, but found it hard. Here is my best shot: 1) "currencies...increase the efficiency of barter" 2) "Barter played a tiny role in all premodern economies" 3) governments have tended to issue currencies 4) Bitcoin is inferior because it lacks "the backing of a political authority" or the ability to "raise taxes or pass laws to unwind monetary excesses" 5) private money generally has uncertain value and legal status 6) government might shut Bitcoin down 7) Bitcoin is a part of "Right Wing Money" 8) all effective money is "left money" and "state backed. The recent banking system is a part of "Right Wing Money". 9) Bitcoin is for criminals and speculators I think there have been much more intelligent and nuanced opinions on why Bitcoin might fail, I wouldn't put this on the list.