[vpeters25]

The article's title seems click-bait. It makes good points identifying some of the already known weaknesses in bitcoin's design, but he is basically complaining that Satoshi didn't predict how his creation would evolve over time which seems unfair.

[vec]

He's complaining that Satoshi did predict how his creation would evolve, he just guessed wrong in a lot of the particulars. Because of course he was. Predicting the future is hard.

But predicting the past is much easier. We have a privileged position to see that, as implemented, Bitcoin is a pretty shitty currency (and a decent high risk investment vehicle). It's way too volatile, transactions are very high friction, and both of those problems look like they'll continue to get worse as Bitcoin continues to mature. More over, it's looking like none of this will actually avoid state capture now that a state actor (China) has decided they care.

No piece of software in human history has been perfect on day one. The real world always has a few surprises. But Bitcoin doesn't have a viable mechanism for change. No central authority and no privileged user means all but the most glaring bugs are unfixable.