It’s discussed at length by its critics. IMO bitcoin proponents can’t avoid this problem and mostly hand-wave it away with vague statements or long treatises ab

It’s discussed at length by its critics. IMO bitcoin proponents can’t avoid this problem and mostly hand-wave it away with vague statements or long treatises about how the banking system should (but doesn’t) work. Blockchain is great tech and bitcoin is a wonderful speculation tool/pyramid scheme but the current situation is an anomaly (as the transaction speeds and prices are showing).