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how lame is that? " I do not profess to know what the startup-stage version of the Facebook equivalent is for cryptocurrencies but there are plenty of possibilities. To name a few with interesting prospects: YACoin, Litecoin, PPCoin, Freicoin." BTC is much better than these. The author has 0.0 knowledge of BTC.

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Are you drawing the conclusion that all of his points are mistaken based on this statement?

If not, if you can point out the weaknesses in (the rest of) what he's saying, I'm sure a lot of us (myself included) would be interested to read your counterpoints. I for one don't know enough about the relevant topics to debate this piece, but it would be great to read what more informed HN'ers think about his assertions (and why).

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