I like how people claim bitcoin can't go below cost of production...except for the fact that one of the largest miners on earth (KNC) went bankrupt from exactly that happening already.  In case you haven't figured it out, it's not actually possible for the money changers to destroy gold and silver by naked shorting it; they can only short it down to cost of production and that's it.  However, it's extremely easy for the money changers to destroy bitcoin if they want by shorting it below cost of production:

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-13-why-the-economics-of-bitcoin-don-t-actually-work-what-satoshi-really-meant-when-he-said-the-price-would

And other reasons why the economics of bitcoin are terrible:

http://steemit.com/money/@r0achtheunsavory/the-r0ach-report-23-the-achilles-heel-of-cryptocurrency-economic-fundamentals-seigniorage-fee

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-31-of-the-numerous-lies-people-make-up-to-try-and-pump-bitcoin-this-is-the-worst

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-37-eldritch-horrors-await-those-who-put-their-faith-in-imaginary-paper-assets

http://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

http://steemit.com/money/@r0achtheunsavory/the-r0ach-report-20-everything-you-ever-wanted-to-know-about-precious-metals-vs-bitcoin-fundamentals-and-the-future-of-the

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-38-anyone-who-supports-digital-currency-over-silver-and-gold-is-the-enemy-of-humanity