A somewhat reasoned critique which would be far more compelling were it not for the straw man arguments and the “take it or leave it” and “black and white” fallacies. We can see here echoes of understandable frustration with the current shortcomings of the technology.

I would suggest having a little more patience and not taking the hype too seriously. Trust and risk are two sides of the same coin. Moving some trust and some risk away from opaque human actors and towards open technology networks is not a panacea and will take time to fully test one way or the other. Considering the degree of inefficiencies, cheating, and corruption of traditional approaches with the distribution of power, some forms of blockchain technologies deserve a fighting chance. We’ve come a long way since the stone age and information literacy for an information age is one more step of many in the path forward.