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I absolutely agree about the distribution, but for basically every other argument you can find reasonable people disagreeing on both sides. You could have said many of these things about the internet: it's an unregulated thing for the rich that enables nefarious transactions. The more I have learned about bitcoin, the less I see it as a thing, and the more I see it as an inevitable evolution in transactions, like the internet was for communications. This might not be the protocol that eventually establishes global dominance, but something like it will.