My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you.
Simple.
There will be 50% of power
- not suitable for mining
- switched off
- at zero cost
- ready for doublespending attack
I understand that mechanism, but I do not get reason for double attack. What will be benefit, the trust in the system will destroy whole value.