Funny enough, Mish gets it right in the overview but wrong …

Funny enough, Mish gets it right in the overview but wrong in the assessment of bitcoin. He thinks blockchain (which IS bitcoin) is a winner for services but demonstrates that he only knows about limited capability BTC chain, which is utterly incapable of services and calls it a looser longterm. Ironically, if he knew that the fastest capable proof of work public blockchain on the planet is ALSO simply following the bitcoin protocol repaired and scaled (after Terranode), and saw the efficiency of the network, I do not doubt he would have a revision of his thoughts on this matter.

“Permissioned blockchain will eventually be a big winner. And it will be a winner without Bitcoin. Bitcoin is too unstable, too costly for transactional use, and too dependent on energy”.

Mish also fails to understand the basic premise of blockchain necessitating a PUBLIC ledger, rather than a privately ran one (as Goldman or Walmart’s).

https://mishtalk.com/economics/separating-bitcoin-from-blockchain-which-one-has-economic-value