[lotyrin]

I don't really get this article. The transaction rate limit and the wastefulness and limitations of PoW as a fault-tolerance mechanism are brought up but then just hand-waved away.

If we had discussed proof of stake or theorized about how some of these other hurdles like transaction rate could be leaped then sure. Otherwise it's just a list of things any distributed system has to solve for, demonstration that blockchain solves for them (inefficiently) with the undertone of "I bought in on the hype, and you can too".