I have a friend at school that has been down on Bitcoin and cryptocurrency in general. A crash like this would cause him to go into hyper "I told you so" mode.
I recently purchased a small amount of Bitcoin and was surprised at the transaction fees and how long it took to complete. Something clearly needs to be done. Thanks for this well-written post. Upvoted.
Sounds like we have similar friends! Feeling a little bit excited with 1 day 20h to go...