What "logic" does it fly in the face of? I think that there are a million different sets of axioms flying around here and people are using them to derive logics of all sorts which are all necessarily based on faith (including yours and mine)
Insofar that none of the logic is based on anything quantitative, I agree with you. Even if we call it faith, this forum seems to be trouncing one faith in favour of another when there is no reason to do so.
People here have got to see the other side of the coin (no pun intended). If they just want to deny the obvious then that is more likely to lead to this currency's oblivion than anything else.
This forum is starting to sound like the Iraqi Information Minister. In the eyes of the world = laughable.