You asked for it, Hugo...

1. You sold early which causes cognitive failure
2. " #bitcoin is backed by nothing":
i. Our pounds are backed by nothing
ii. #bitcoin is backed by math https://twitter.com/hugorifkind/status/1351542731819143169

3. "In fact, it has failed dismally", for who?
i. #EndSARS protestors using for survival?
ii. Lukashenko protesters using for survival?
iii. Chinese citizens evading capital controls?
iv. Venezuelan, Argentinian etc... citizens evading currency debasement?
v. etc...

4. "It may well be true that bitcoin is a con, and a pyramid scheme, and a bubble in the manner of Dutch tulips, and so on."
i. Who is operating the con?
ii. Literally fails the definition of a pyramid
iii. Tulips - really?

5. "What it is also, though, is a political project."

#Bitcoin is apolitical and can be used by anarchists, conservatives and liberals equally.

Individuals may use #Bitcoin for a political agenda but #Bitcoin has no intrinsic political agenda. It is purely free-market money.

6. "even when they facilitated the drug economy and organised crime."

Back to 2017. That said, liberating individuals to buy drugs is positive, the Drug Policy Alliance will show you how The Silk Road reduced harm and violence as opposed to the failed war on drugs.

7. And with regards to organised crime, #bitcoin is not the best currency for crime. You do realise that criminals also use pound notes, mobile phones, the Internet and cars?

8. "a wired guy with a Taxi Driver mohican", are you referring to @Narodism (Amir Taaki). Outside of your mocking of him, he had the balls to go and fight against ISIS.

Imagine you had those balls?

9. "not as a tool of revolution but as an investment opportunity."

Both, investors can speculate on the future of money, one which is revolutionary.

10. "Often they were the sorts of people who, a few years later, would be boring on about legalised cannabis."

You mean boring on about a plant which has been criminalised while alcohol is legal with its societal problems.

Enjoy your G&T you pretentious fuck.

11. "Probably it will imminently plunge off a cliff, ruining some people and then come up again, as it has been doing for the past ten years."

Some maybe, but do you want the government to decide what investments you can make?

12. "Wasn’t the whole point of this project, though, that it disempowered the suits?"

The whole point was permissionless free-market money. We front ran the suits, they came after 18m were mined.

13. "Remember, bitcoin was created specifically to stop governments from being able to trash your savings to bail out those crazy money guys."

And it has for those who have held onto the thesis of non-inflationary money.

14. "What a disaster. What a failure. It doesn’t half make me feel better about that bed."

Are you talking about #Bitcoin or your career as a journalist?

Come at me bro!