As hapless said, the author's defense of Bitcoin is intertwined with a critique of the central banking system.
Consider lines like this one:
"...it would be hard to recommend that the average consumer or merchant becomes involved in what is still today a very buggy [central banking] system, filled with risk, inconvenience, high transaction costs, and possible disease transmission."
Actually, the critiques do apply to bitcoin. Perhaps if:
- bitcoin's biggest user wasn't a douchebag who thinks its ok to hire hitmen to kill people
- mtgox didn't have so much trouble staying online
- the currency wasn't so volatile
- there was some way of storing bitcoin with a guarantee that you'll get fully refunded if it gets stolen
...then perhaps this satire would make some sense. As it is, the 'satire' is just making the authors look like idiots.
Consider lines like this one:
"...it would be hard to recommend that the average consumer or merchant becomes involved in what is still today a very buggy [central banking] system, filled with risk, inconvenience, high transaction costs, and possible disease transmission."