> There's a lot more flexibility in a lot of the new consensus protocols coming out that can run Turing-complete contracts etc Agreed. But most open source pro

> There's a lot more flexibility in a lot of the new consensus protocols coming out that can run Turing-complete contracts etc Agreed. But most open source protocols are/were not great. IPv4, SMTP, HTTPv1 all have massive flaws. Once open protocols start gaining momentum though, it's very hard to convince everyone to switch (and bitcoin has by far the most momentum behind it). That said, I'm very interested in Ethereum too. > necessitates buying Bitcoins from existing Bitcoin holders, enriching them for no reason If you use bitcoin purely as an intermediary, then you are buying and selling it at the same instant, so it really doesn't affect the price at all. The only thing that makes the price go up is more people hodling it.