Comment: So the reasoning behind it is

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So the reasoning behind it is

So the reasoning behind it is all correct . But it will never work... Hmm. Well. Only time will tell if it's a good solution.

The reasoning behind the problems he mentions is correct. The reasoning behind Bitcoin is not.
Time will only prove whose reasoning was correct. However, the reasoning itself can already tell whether it's good.

I say it's one big bubble, because there is no limit to create other Bitcoin versions.