This explains, precisely, the central, in-built flaw of Oslo (which I, at the time, despite misgivings, felt had to be attempted and supported) and the reason why there can be no negotiated peace:
1. Israel cannot (at least in theory) give the Palestinians what the Palestinians want (viz., the destruction of Israel);
2. The Palestinians cannot give the Israelis what the Israelis want (viz., the acceptance of the Israeli state and a pledge not to destroy Israel).
(This is also the reason why there can be no negotiated peace with Syria.)
Oh, and by the way, the Palestinians believe that time is on their side; and since they have been, and continue to be, heavily subsidized for waging their attempt to diminish and ultimately erase Israel, who’s to say that they’re wrong?