This article is a mishmash of criticisms that have already been voiced countless times already. It's a medley of mediocre critiques.

A better approach would have been to tackle one of these "myths" and explain the misconception more convincingly than it has been explained before. Or at least to approach the critique from a unique vantage point.

It's a summary that focuses on the tendency to centralization of the processes composing the project.

As I said in my other comment, the author is just trying to get page views for criticisms that have already been raised, usually by the author in previous posts. There is nothing new here.

It is encouraging that there is a lot of interest in looking at the weaknesses of Bitcoin and crypto in general. This, I think, is "a good thing." However, the author is not one to bring forward a well reasoned case (initially I thought I was reading an article written by a 15 yr old). There are references to all kinds of documents, but it is clear that the author does not have the technical background to clearly convey (or pinpoint) the supposed issues that he is highlighting. Instead we are to believe the arguments because crypto is a kind of tulip mania and those that buy in are suckers...

David Gerard is an odd person, he spends a lot of time discussing something he evidently hates. I expect in part it is because he makes a living from it. I used to read his stuff for an alternative viewpoint ( a lot of bitcoin news sites and articles are obviously the other side of this coin), but it really isn't anything new any more and I don't think he can think of anything new to write about it either. Bitcoin has been around for over a decade and the technology hasn't changed much in that time, so what else is there to say about it at this stage, other than to criticize the same issues in different words.

Yes, many of David Gerard's criticisms have been said before. But, the entire crypto currency industry is devoted to gaining adherents based on dubious reasoning.

What's a writer to do with what many of us view as the biggest financial bubble in modern history? Write one article then stop, and walk away as people invest their life savings?