Refutation of “The OG Bitcoin business model works fine”

This is a refutation of this article: https://read.cash/@noise/the-og-bitcoin-business-model-works-fine-ec62a251

Noise makes two contradictory arguments:

1. > The OG Bitcoin business model works fine

2. > Adoption has been set back by attacks

He makes no attempt at resolving this contradiction, hence the article is moot.

He does argue irrelevant points though, red herrings one might argue:

• Bitcoin is actually better than the USD

• He believes 11 years is not long

• The projects I listed that took over actually also have bad business models

• In order to enforce Ostrom’s 8 principles, we need a central party. (Besides being irrelevant, I fail to see why this is true)

Therefore, I come to my final conclusion:

Username checks out.