I’m not sure how this argument proves blockchain is only valuable inside of the bitcoin ecosystem, or how it explains away an entire industry applying blockchain technology, successfully, to improve everything from the core of the web’s infrastructure, to the limitless applications built atop it.

“Blockchain without bitcoin is just data structure.” This is correct. A novel data structure that solves many of the internet’s critically vulnerable points — single points of failure that rely on centralized organizations and infrastructure (DNS and SSL, just to name the two most “broken by design” technologies the internet relies on).

These concepts are not new, but that hardly deminishes their relevance when applied in new and unique applications.

While the core argument of this article supports a bitcoin maximalist philosophy, I’m struggling to see how it explains away a simple truth: blockchain technology is solving problems the internet (as a technology and as a concept) have struggled with for decades.