something obvious from history is that whenever something like this arises, people underestimate the long term effects drastically as it requires predicting several 2nd order effects.another mistake is using existing systems to make predictions about future ones.e.g imagine valuing the internet based on newspaper sales 30y agoyou can use this fact to argue in some sense that over a long enough time horizon, the coins that will actually be used, are structurally undervalued. as market efficiency improvements ...