Because he failed to substantiate his claim that Bitcoin’s hash rate can be used to defend anything other than Bitcoin’s network. Listen to his episode on TFTC from 2022, Marty presses him on it and he couldn’t give a concrete example. 

There are other criticisms about his thesis that people like Lopp made that he refused to address. He first said anyone that didn’t buy and read his thesis couldn’t criticize him, so people went and read it and instead of addressing things he just blocked people lol. 

Idk how anyone can take him seriously. Dude is a spook