z, good job at putting this in writing!
Nice to revisit this now that Bitcoin is poised to zoom past $200, a whole order of magnitude higher than when I originally wrote this 9 months ago. How many more orders of magnitude will be needed to convince the skeptics? The beautiful thing is that those who understand what’s going on sooner get to make the money.
Lack of understanding of the value of Bitcoin has proven to be incredibly expensive
And here we are again, almost another order of magnitude higher and zooming past $1000 per coin, about to break the all-time high yet again.
Apparently several more will be required. Though by then it will pretty much be the ledger of civilization. Some might want to ensure their stake on that ledger before then.