@_The_Prophet__ Great post. I'd add 2 things: (1) the difference to "I predicted 08", where he identified specific fraud/enablers (fannie/freddie etc) which aren't present here; (2) related, the deep irony that someone so free market aligned refuses to respect the free market's message.
@TXMCtrades It IS an important distinction though. U said BTC's not the best form of money. What u really mean is that it's not the best medium of exchange. And by that u mean fiat is a better MoE in a keynesian economy bcos ur forced to exchange it (bcos inflation). That's not semantics.
@TXMCtrades Potenitally, hence the different definitions that you're currently conflating: money vs currency. It also depends on the type of economy you want to operate within.