'Let's destroy the Model-T' basically is the vibe I'm getting.
Yes and no. Model Ts, at least in the first 40-50 years of their existence, were depreciating assets and everybody knew it. A used Model T cost less than a new Model T. A 4-year-old Model T probably cost less than a 3-year-old Model T etc. Bitcoin, however, is held largely as an appreciating (but legendarily volatile) asset. Bitcoin you bought 4 years ago is worth more than bitcoin you bought 4 months ago. Depreciating assets are the ones you want to let go or write off. Appreciating assets are the ones you want to hang on to as long as you can. The argument of the article is that Bitcoin is fragile to innovation because any number of forces could come out with the Model A and then nobody is going to want a Bitcoin model T because you can't even hot rod it. Make sense?