Excellent and relevant discussion, certainly the given topic is hot subject, let me add a little color to an already beautiful piece.... I like to see economics as both social and mathematical, the social part we have done a good job over the years of building different school of thought from Keynesian to Austrian but the mathematical part still mystify us... I believe that where Bitcoin and blockchain technology allows us to understand whats working from whats not... As long as the participant behave by consensus the given price of Bitcoin supports the given economics of the day, it cannot be compared to the mania of the Dutch Tulips where participant acted in their own self-interest often eroding the given market economics, such mania always pops when self-interest cannot find market support...