I don't think it's a great idea to generalize the usage of a decentralized protocol and use such misconceptions to go bearish on it. New technology always looks inefficient when viewed from the old, and people like Seth always exist to yell at the clouds for changing course. 

 It's not. But that doesn't mean we can't dig into the tradeoffs and discuss them normally.

Seth's work over the years has proven to me that he can be the one for reasonable nuanced takes.

The shouting is poor form on both sides.