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Is he right? With the obvious exception of professional athletes, or those who need a very specific type of bike for a very specific purpose, does any cyclist on the planet need more than a couple of hundred dollars worth of retro steel mtb?
With some very minor adjustment they can be adapted to suit pretty much any style of riding on any type of surface in any conditions, be it commuting by road, touring, cruising around for pleasure, trail riding etc, you name it these beasts of yore can do it with ease, plus they are light, comfortable and built to last, renowned for their durability the components from LX upwards and equivalents are robust, light and easy to maintain.
So when that anon says that they are all the bike you'll ever need, is he wrong?