I'll bite, would you care to list three of those "far too many" errors?
2. "zomg carbon footprint" - apparently renewables can't properly supply enough to power a tiny country size of Portugal or Netherlands? I thought we are going to power the Earth with renewables? Something seems rather inconsistent here. Of course this Malthusian cannot bring himself to utter the word "nuclear".
3. Mining pools are made up of many individual miners andm depending on the protocol, the lucky hashing units and not the pool, constructs the block, and as such would not be a trusted third party. Something he seems to be blissfully unaware of.
Even if the pool constructs the block - hashing units can be pivoted away from a malicious pool in seconds.
4. Banks get hacked and lose money on the regular, it's not unique to DeFi. Insurance for DeFi exists, just it banks purchase fidelity bonds.
5. Not a single mention of censorship resistance at all. This alone should disqualify this immediately, tbh.
Reads like something written by a privileged, out of touch person who has never had to face a day of actual hardship in his life, such as: confiscation of wealth, destruction of savings by inflation, personal bankruptcy due to sovereign default, or even outright denial of access to banking for the politically suppressed minorities.
2. This is a rant, not an error.
3. I'm not sure what you're arguing here? His argument is that in practice, a tiny cartel of mining pools exerts central control over most cryptos, meaning they're not really decentralized at all.
4. There are a) way, way, way more DeFi hacks and exploits than TradFi ones, and b) consumers don't get wiped out when a bank gets robbed or hacked.
5. Omission != error
6. Ad hominem.
2. being luddite in 2022 is a grave error.
3. he's absolutely dead wrong. pools do not exercise central control which has been observed empirically numerous times.
4. Card industry alone loses $40B per year. That's just cards. Lending and wealth is a whole other universe. So make it roughly 1-2T per year, which is the entire crypto marketcap lost every year by tradfi, roughly 10x than DeFi. F. GG.
5. omission of the most key topic at hand, isn't a simple error, it's proof of ignorance.
6. ad hom, but by you. (since when is it an ad hom to call someone wealthy and successful to the point they are immune to vagaries of daily life in most locales on Earth? Amazing.)
> ad hom, but by you.
riiiight