Another guy who thinks that in 5 minutes he figured out what thousands of smartest people on the planet failed to spot in 2 years. Humility is surely even in more short supply than bitcoins among noobs these days.
Perhaps I am falling behind, but wasn't the consensus that a likely outcome was the formation of cartels? And that these cartels would effectively control bitcoin as they control which transactions to confirm?
That situation seems eerily similar to the consolidation of power that we currently see in finance.