Hey guys - you are in my TOP-20 bitcoin theorists. Both. Considering this, the latest replies have been lame.

I have presented a mechanism that may dethrone Bitcoin without asking the majority, the exact same way as it has always happened during monetary transformations in the history (leaving the majority holding the bag), and the same way as Bitcoin gained its valuation, which you and I are not ashamed to enjoy.

I am interested in hearing analytical criticism that could invalidate the theory. What I hear instead is moral criticism that the entire basis of money is subverted if such happens. Fiat subverted the entire basis of gold. Bitcoin subverted the entire basis of fiat. Resisting the change caused losses among the slow adopters, and heaped riches among the early ones. That's the way it goes, and Bitcoin is the archetype of that.

You wish that the world would freeze just because you got it right once and feel entitled to enjoy it forever. I also wished the same up until a year ago, but it is possible to wake up before it is too late.

Moral indignation that the entire basis of my wealth-effect gotten wealth would evaporate the same way it came. Sheesh.