[clef]

There's no such thing as a free lunch, and many people believed they could mine one lunch at no (or very little) cost and expect that lunch to last forever. That's very unfortunate, but who wouldn't see that such a utopia would come to an end. It's like thinking that electric cars will replace other cars in 10 years or 20 years (there's too much at stake , the environment being last on the list). Even if the public was to embrace a such a "currency", governments would step in (and they did) realising they would have no control. The very fact that it became an object of speculation and was making people richer meant it wasn't a currency anyway, it was no better than property, therefore spawned a bubble as a natural phenomenon.

Bitcoin, like Punk certainly isn't dead.

Bitcoin sounded and looked like the sex pistols a year ago, now it sounds and looks like Green Day.

[b0sk]

There was a free lunch for the first movers which was the impetus for these guys who moved in late and started losing money.

[pkulak]

What does any of this have to do with electric cars?