No my argument actually doesn't boil down to that, you're just too stupid to read the top post and reply with any type of substantial rebuttal.
And you're the bright bulb who can't figure out "The Long View" doesn't mean "next week." For the rest of the month, sure, your points make sense. I already said taking a myopic view I agree with you.
Long term none of that matters.
Change your title to "Re: Bitcoin Shrinking - the next week view. Probably." and we're in violent agreement.
"The Long View" is exactly as long as it takes for:
A. More media hype to drive empty money into bitcoin
AND/OR
B. The "bitcoin economy" to pickup and grow.
Neither of those things are about to happen. Not in a month, not in two, not in 6. There's nothing on the horizon for bitcoin, and that's what this thread was started for. The mining boom is over. Silk Road is out of the bag. We had a huge scandal that met the ADHD attention span of the mainstream media. It's done for the long term.
Now we just watch the value bleed...