I’m only several months new to this so take with a grain of salt. I do think his book is a really interesting contribution. However, if bitcoin is not a monetary network first (ie it’s a security network) then miners don’t have incentive to mine bc individuals won’t have incentive to hold bitcoin bc it’s not money. This is the problem with his theory as it doesn’t seem like bitcoin network will work if it’s not first a monetary network (that people and miners find beneficial) and then secondarily a security network. I assume all of these can coexist but it seems like you really need to incentivize people the most if you can take advantage of secondary benefits.