Peter R's mojo is made potent by an economically and technically illiterate audiences who lack critical thinking skills and the ability to generate unique thoughts on their own. And to the fact that some segment of the population is drawn to shiny and colorful things which itself is an artifact of our simian ancestry where nature selected individuals who were able to identify fruit which was ripe. Fortunately for Peter R the world is full of such people.
I see a lot of name calling, but can't see any actual arguments...
Funny, that is how I perceive things as well when I present a risk mechanism. Blank stares follow. But I'll pop one out again. I (unlike Peter R) will not waste a lot of time going over econ101 material.
Economies of scale favor those who are positioned to monetize various aspects of a crypto-currency ecosystem using the very same tools and techniques which have been used to support other communication modes (e-mail, web search, etc.)
Such entities will force all other infrastructure support actors who are driven by a profit motive out of the market. This will leave the entire infrastructure support in the hands of a few entities who are themselves completely dependent on the pleasure of the state to operate. Long-sought items such as black/white-listing and intensive tracking are almost certain in such an environment. This will kill one of the only practical advantages that Bitcoin as a native system has. (And for Peter R, Hearndresen, etc it will be 'mission accomplished' I strongly suspect.)
I've never seen any effort to address this danger from the Bloatists at all, much less engineer against such an eventuality. That's one of the main reasons for me to believe that such a failure is 'not a bug but rather a feature.'