Wei_Dai comments on AALWA: Ask any LessWronger anything - Less Wrong
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Yes, that looks likely to be the case.
That's part of it. If decentralized cryptocurrency is ultimately good for the world, then Bitcoin may be bad because its flawed monetary policy prevents or delays widespread adoption of cryptocurrency. But another part is that cryptocurrency and other cypherpunk/cryptoanarchist ideas may ultimately be harmful even if they are successful in their goals. For example they tend to make it harder for governments to regulate economic activity, but we may need such regulation to reduce existential risk from AI, nanotech, and other future technologies.
If one wants to push the future in a positive direction, it seems to me that there are better things to work on than Bitcoin.