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I'm pretty amazed at the legs of this thread. A very interesting chain over an interesting period for BTC.
Wayne, thanks for all your thoughtful posts. I've learned a lot from what you've posted. You've done a lot of good research.
I'm generally in your camp on crypto these days: blockchain is clever/useful, but solving the hash is hugely inefficient/wasteful and does not make for a good currency. And your point on swapping a relatively sovereign currency for a questionably-backed stable coin is a good one - - really makes no sense unless one is skirting the law/taxes/currency controls/etc.
It will be interesting to see how deep this rout of late goes...
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