Guys,
Read what he's actually saying.
He saying you never buy the first version of anything because it's full of bugs.
He's making no comment about Bitcoin itself. He's make a generalized statement about waiting until the second model of a brand-new car before you buy it. He's basically just conveying good common sense.
The flaw in his logic is the Bitcoin has new versions within itself…
I agree with your assessment there, Bitt, but he failed to extrapolate on what it is about bitcoin that he feels is lacking and will cause it to be surpassed by a competing coin
Because he's not talking about Bitcoin specifically. He's talking about not investing his money in the first version of a brand-new technology. Therefore he probably has no comment on Bitcoin itself. He's just passing on it because first versions of major paradigm changes often are inferior to second versions.
He didn't say he's going for an existing competitor. He said he's going for what will be invented next, in response to Bitcoin, whatever that may be, because the implication is that it will be superior.
