Part 4/12:
Bargaining: A phase where attempts are made to soften or stem the perceived threat, e.g., claiming blockchain is innovative but Bitcoin itself is too volatile or risky.
Acceptance: Society begins to recognize the technology's potential, sometimes leading to misguided attempts to retrofit or diminish it.
He criticizes industry players who try to co-opt blockchain technology, adopting "blockchain" but removing its core decentralized features, seeking merely to recreate legacy financial systems like Visa, rather than embracing the revolutionary aspects of Bitcoin's protocol.