Bitcoin's popularity in spite of its extreme inefficiency is a testament to the incredible power of network effects in our current economic system. It seems tha

Bitcoin's popularity in spite of its extreme inefficiency is a testament to the incredible power of network effects in our current economic system. It seems that Bitcoin's price will not stop growing until the monetary system is replaced by Bitcoin. The monetary system appears to be funding its own demise in an unstoppable, predictable, systematic way. It seems that Karl Marx was right when he said that "Unbridled Capitalism Will Destroy itself." - It has already destroyed itself in the eyes of a large number of people. But clearly communism isn't the solution since it also ended up destroying itself on many occasions. Maybe the solution is bridled (constrained) capitalism? It's interesting to think back to the gold standard and how gold acted as a constraint on capitalism. Maybe what we really need now are constraints; Bitcoin and other deflationary cryptocurrencies can provide this.