Bitcoin is definitely not a scam. Bitcoin is an amazing phenomenon, a universal value and a decentralized protocol for transferring value in the virtual space. It is a pity that John Reed Stark did not understand this issue well.

His criticism of Bitcoin is unfounded. Yes, Bitcoin has its flaws, but most of them are not related to its architecture. Bitcoin is constantly subjected to direct aggression from those in power, in particular, they are trying to take away the value of this cryptocurrency through legislative regulation.

Bitcoin derivatives do not correspond to the original concept of the first cryptocurrency (this is a fact). KYC and AML procedures do not correspond to the original concept of the first cryptocurrency (this is a fact). Analytical programs aimed at violating the anonymity and privacy of Bitcoin owners do not correspond to the concept of Bitcoin (this is also a fact).