Good job on the FUD and fearmongering NY-Times, and making yourself look like this very objective organisation.
NY Magazine is not The New York Times. One is a pop mag, the other is an institution.
Yes, this article is drivel, and you can clearly sense the authors bitterness. Who devotes so much energy to dissecting something they dont like which others find wonderful? An unhappy, bitter person.
The simple psychological explanation is jealousy, which has morphed into schadenfreude with the perceived "downfall of Bitcoin."
Its pitiable, and will be fairly embarrassing for the author in a few years.