No serious institution would ever allow its transactions to be verified by an anonymous cartel operating from the shadows of the worlds authoritarian kleptocracies. So it is no surprise that whenever blockchain has been piloted in a traditional setting, it has either been thrown in the trash bin or turned into a private permissioned database that is nothing more than an Excel spreadsheet or a database with a misleading name.
Lol this snippet shows just how much he knows about the subject. He really just spit out half-truths to paint the entire community in a bad light. You can't say Bitcoin being worth $6.5k means it's going bust unless you're trying to push an agenda.
His commentary on ICOs and shitcoins are spot-on though, so credit where credit is due lol. The blockchain is far from useless, but the way people have been touting it as a solution to the most mundane problems
and how everyone falls for it just mystify me.
In align with your thoughts, I also have the same line of idea. Blockchain is indeed useful, the author possibly missed some points and thus he is criticizing this technology. The blockchain technology is in fact very useful and to prove and back up my claims I will cite some example. Have you heard of the news that banks and financial institutions are now planning to integrate blockchain technology into their banking system. This is just one example how this technology can change lives as it change the financial sphere of transactions.