This article draws it's conclusion that "bitcoin will never be very important" based on the premise: "If you believe Bitcoin has the potential to replace traditional global financial systems, a new economic analysis is here to rain on your parade."

Does anyone here believe Bitcoin will replace traditional global financial systems?

I don't. I bet the majority here agree with me. Fiat currency isn't going to be replaced by bitcoin. Bitcoin and crytpocurrency are simply alternative options that remedy what ails the fiat system. The reality is that current government and power brokers will not give up their power in replacement of a financial system that eliminates the middle men and revenue opportunities those middle men seize.

The MIT article is yet another example of a reporter taking Bitcoin's purpose to the extreme so they can come up with reasons why it would fail.