Since bitcoin is very new it is genuinely hard to tell if it will be eventually seen as brilliant innovation that was destined to be successful or get compared

Since bitcoin is very new it is genuinely hard to tell if it will be eventually seen as brilliant innovation that was destined to be successful or get compared to the Dutch tulip bubble etc. You raise valid concerns but there are counter arguments to them all so I don't think such a glib dismissal is warranted. From pg's essay[0] The first time Peter Thiel spoke at YC he drew a Venn diagram that illustrates the situation perfectly. He drew two intersecting circles, one labelled "seems like a bad idea" and the other "is a good idea." The intersection is the sweet spot for startups. [0] http://www.paulgraham.com/swan.html http://www.paulgraham.com/swan.html