I have to agree with a few things he says, even if I don't like it. Bitcoin hasn't found its use as a currency yet. It may dwindle and die like he says, but it could find its role in the payments sphere and krugman can go STFU.

He's definitely correct when he says people don't care about decentralization. Yet! 20 years ago many city dwellers would scoff at growing their own vegetables or giving up their car for a bicycle. You can go to any city in the developed world and see this is changing. Things like wiki leaks, dark web, and Bitcoin help big time with this shift in societal attitudes. It's still too new, but when the "little guy" figures out he can be his own bank, and takes action thusly, we shall see great things.

Part of me thinks he wrote the whole article just to frame his weak "fax machine" analogy