Oh wait, you didn't even read it because you got butthurt that it badmouthed your beautiful junkcoins.
I have no problems with people having a different opinion than me. I know you won't convince me to sell my junk and I won't change your opinion either, but that article was junk. If it makes you happy I would have written the same thing on an article positive on altcoins.
The problem I have with people like you (srry for generalisation) is that you live in your own opinion bubble and just read stuff that support your ego and prejustice.
It is junk, yet you didn't even read it.
Bring on the arguments against it, I am not in a bubble. I am willing to read opposing opinions. It's how I learn from my mistakes.
Ok. As I said I still didn't read it carefully since I skipped the whole Freicoin part.
First of all it is bashing the altcoin community and very hateful towards anything exept bitcoins. If it were just about objective argumentation this wouldn't be in it. Conclusions are always to the max, either it's bitcoin or something else. The current form of coexisting (as it is in every free market today) is seen as an exeption from the norm.
This is due to overexaggerations of the network effect on magnitudes. From there it concludes too far on one sigle sideeffect. I'm not aware of even one free market where such dominance lasted for a longer period of time. On this argumentation everyone would drive the same car or at least brand of car, since networkeffects and the best engineers are working at that company.
It might be rightfull to criticite the greed/scam/intelligence of some members of the altcoin community but it is not fair to suggests everyone in altcoins it that way and generalize. Without even mentioning the greed in Bitcoin and the 2 bubbles it bursted it doesn't agrue anyting pro or con since it doesn't compare. The world ain't perfect either.
The free market and competition is seen as a bad thing or at least not good for it's own sake. It suggests a dominating bitcoin would be innovative without having any competition on the only area it is even able to innovate from it's current point. Bitcoin entrepreneurs aren't innovating only bitcoin in that sense since they are trading crypto currency aswell. That could be done in other coins aswell and will be copied. Innovation is risky and monopolists tend to avoid risk. I don't see why BTC would differ.
I could continue on disagreing his argumentation, but I'm tiered. As you might notice I didn't mention any argumentation pro altcoin. If I was about to write on a topic and spend most of the time on sideeffects without mentioning some of the fundamental effects (Ability to Change,PoS interest and Hedging) it is sure that I have an Agenda. You wouldn't learn anything about communism by reading their manifestos either so my conclusion: both it's political junk.