A lot of people were saying that Peterson still doesn't understand Bitcoin if he holds this view. Maybe he doesn't understand it yet. How many of us do? But I agree that his point that there will be unintended consequences from this technology is very good one.

I think that everything has a cost, be it an opportunity cost or a cost you pay up front or later. Bitcoin is no different. The genie is out of the bottle. So now we'll see if the benefits of Bitcoin is worth the costs. I have a good feeling that it is.