You make some pretty sweeping claims - strung together with some pretty appalling logic. Take for example: --- And the rationale for this is like something ri

You make some pretty sweeping claims - strung together with some pretty appalling logic. Take for example: --- And the rationale for this is like something right out of Alice in Wonderland. Supposedly, proof-of-work makes it prohibitively expensive for an attacker to control more than half the network. But it also makes it similarly expensive for anyone else to participate in the network at all. So the only people who'd be deterred from participating in the network with malicious intent are people who would also be deterred from participating in the network with any other intent. --- The last sentence is just empirically false. Heaps of people are using the network. And neither is it true that the costs of using the network are similar to attacking the network. To attack the network I need to accrue 51% + of the hashing power. That's an enormous cost. To use the network - I don't even have to download the blockchain. I don't have to mine. And even if I was mining - I don't have the same costs as a 51% attacker - simply because I don't possess that share of the hashing. Overall this article is pretty poorly thought through.