Bad arguments. 1. Reason one is wrong as both increase in transaction volume and BTC price are both not only possible but can actually be positive externalities

Bad arguments. 1. Reason one is wrong as both increase in transaction volume and BTC price are both not only possible but can actually be positive externalities that reinforce each other. The increase in transactions could lead to an increase in price as more people adopt BTC. This has already proven to be the case in the early history of BTC. 2. See above. Once adoption increases, the incentive to convert to Fiat decreases thus making this problem gradually irrelevant once the market tips (the big if). 3. The need for regulations: Obviously total garbage. No need to refute. 4. Decentralization is better than monopoly central control. Legislators and Regulators are the only true monopolies. Market actors are not, so market based intermediaries will still have reasons to exist. This is not a necessary condition for widespread BTC adoption. 5. Full decentralization and "censorship resistance(aka freedom)" are important when there is a threat of property confiscation, which will become increasingly relevant when states become desperate for more revenue (already happening). 6. People don't find daily utility in fast decentralized transactions? That is ludicrous. 7. Trust. That's the whole point of btc protocol. Achieving trust between unknown parties (refer to Byzantine Generals Problem) 8. The section on blockchain is good and valid.