The stewards of Bitcoin and cryptocurrency messaging have done a fantastic job persuading the popular finance and technology influence classes that cryptocurre

The stewards of Bitcoin and cryptocurrency messaging have done a fantastic job persuading the popular finance and technology influence classes that cryptocurrency is nothing less than a new internet- scale revolution. The corollary implication being of course that obstructing it would be tantamount to banning the internet in the early 90s, with correspondingly dire consequences for a country's or company's growth prospects. The hitherto extremely light touch of most regulatory bodies (bordering on enthusiastic support in many cases) reflects the general sentiment that nobody wants to be remembered the myopic Luddite Who Banned Bitcoin. This effect is amplified by the penetration of its more mundane corruptive potential, as a number of journalists and politicians themselves are materially interested in promoting state-level cryptocurrency adoption. The highly close-held supply of all cryptocurrencies has helped perpetuate the narrative of cryptocurrency's inevitable triumph through extraordinarily centralized domination of liquidity and thus price and market cap signalling. But eventually even diehard HODLbugs have to cash in...