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The article just destroyed Paul Sztorc's Hivemind and in turn, Drivechains, not to mention all those altcoins that were focused on some platform for betting/gambling.
The article makes sense to me and I don't really see any substantial flaws in it. There is a way to subsidize using inflation that would motivate savers, but then that's essentially what the stock market and real estate are now. Anyway, nice find!