And lost 99% of its value!

How do you compare a traditional transaction to one that is uncensorable by anyone?

Cash is the same.

And how much does it cost to transport cash to some company across the country?

IRS considers it an asset not money.

I think the people in the panama papers would disagree.

This is false, you just have to wait for more confirmations. And if miners are censoring transactions there will be a fork where you can use your coins.

Exactly the point. Satoshi created the issuance curve of Bitcoin to mirror the amount of gold that was dug up.

In the next 100 years the amount of gold above ground will triple or quadruple. Growth in Bitcoins will be far less.

Another worrying development on the bitfinex story is that one of its employees has removed the warrant canary from his twitter profile.

https://twitter.com/el33th4xor/status/941707765910818816

I think this is a bearish signal until its clarified.

One of the replies that made say "Oh Sh.." out loud:

https://twitter.com/logansease/status/941704416201183235

There have been low transaction fees in the past and they can return. Currently that is not the case.

The crypto market trades more on sentiment first, then technicals.

> One caveat with Bitcoin is that the network is so slow (effectively just 3 transactions per second) that a crash would be spread out over time.

This is false, the majority of people selling already have their coins on coinbase or other exchanges and would not add to the transaction volume hitting the blockchain.