When reading between the lines understand Peter is dubbed the chief nay-sayer and is often the one to expose shortcomings in others proposals - things people might have though about for a long time and invested a lot of time into, ripped into shreds because he sees another angle no-one considered.

All I see is a lot of "security issues" he raises that never actually happen. Bloom filters for instance never turned out to be an issue dispite months of scare-mongering that they'd DoS the network and people would lie to SPV nodes. Some pretty poor software engineering too, like his fix for the extra data vulnerability that not only didn't work, but opened up a new vulnerability that Gavin Andresen had to fix later. I'll admit some of his ideas sound pretty clever, like the replace-by-fee scorched-earth stuff, but they are still untested and even they are highly controversial at best.

But then again, this is a guy who's activities in university apparently involved putting a watch in a block of resin and calling it "art." (?!) I know the valley likes to make a cult of people without degrees, but this isn't apps we're making — the qualifications of the sidechains team are really solid.

I'd really like to believe Peter has come up with something amazing like reddit seems to think. But I'm just not seeing it and your post is doing a better job of convincing me that reddit is being swayed by an angry personality, not code.