Turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.
The XT approach was pretty odious but no more odious than the twitching whack jobs who believe the planetary population will skip Christmas so they can afford those gorgeous Bitcoin transaction fees.
You put into few hilarious words what I think and express clumsily and convolutedly. /reacharound