;tldr fuck Birch, bitium is the new gold
just discovered this vid, there's tons of shit to tell Birch.
His main mistake is the same one Tony Gallipi makes: viewing bitcoin as solely a payment system.
This guy is so entangled into payment mechanics ([loosely quoted]"transaction services will become more like a utility") that he cannot understand that bitcoin is not only a payment machanism, but also a MONEY.
This is a very similar mistake to the one gold-bugs make when they demand a "digital currency must be backed by gold": they view bitcoin in the framework of the idea of a "promise to pay" some real money in exchange for pieces of the currency (bank notes).
There's no "promise to pay" by anyone to anyone else involved with bitcoin!Bitcoin is not a currency, it's money.
In that sense, I really like the idea of Bitium