Mr. Jeffries confuses Bitcoin with the rest of the crypto industry throughout the whole article. This mixup alone invalidates his thesis and leaves him looking 'unbelievably foolish' just a few years after publication.
The divide between Bitcoin and Altcoins describes two radically different worldviews. Bitcoin aims to fix the money, while other cryptocurrencies operate as businesses, seeking profit.
The name 'Altcoins' is also ridiculous, because there's no alternative to Bitcoin, but that's a discussion for another time.
The article serves not just to critique Mr. Jeffries but also as a teaching tool for valuable Bitcoin concepts, highlighting the need for clarity in the crypto space.
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