I agree to some extent with this opinion. Bitcoin has been and is being increasingly captured by the SoV speculative commodity narrative while the use of Bitcoin as a MoE continues to be severely obstructed. This cannot be blamed upon TBS. It can be attributed to the fiat powers (banks and governments) very slyly understanding and responding to the threat that Bitcoin poses. And to the docility and stupidity of the masses who believed that nothing more needed to be done than stack and hodl. People love to believe that change can come easily but positive change never does.

On the bright side some of us have used our gains to embark on projects that would never have been possible otherwise. Stacker News is one of many many examples. Bitcoin has changed the world already and continues to do so in real ways - perhaps not a full scale revolution but there has been some progress. It is now hard to imagine a world without Bitcoin and so much of the progress might not be obvious but rather taken for granted. I would suggest that to blindly stack and hodl is folly if you have a project you want to launch and the debt free capital to achieve it ~ do not be dissuaded by the alleged opportunity cost that NGU hopium is based upon.

Bitcoin is at risk of ossification into a stale speculative commodity if it is not increasingly deployed as a p2p MoE- a major risk would be the regulatory pressure to outright ban non KYCed sats from trading - a quasi ban on private custody and pseudonymity Already perhaps over 95% of Bitcoin in effective 'circulation' is KYCed...and less and less proportionately, is used for p2p payments.

TBS is a brilliant work- full of flaws, hype and exaggerated assertions, but also courage, hope and truth. Ammous clearly enjoys stirring debate and is not afraid to be opinionated but this is surely a great thing as long as TBS is not taken as gospel but instead as a work of provocation designed to make us think more and question the fiat monetary system which had been largely unquestioned and unquestionable until Bitcoin came to offer an alternative. One author cannot be responsible for the fate of Bitcoin- they can only provide their perspective and stimulate debate and dialogue- and TBS has done that more than most.