What would transpire if / when bitcoinage
follows tulipmania and dot coms over the cliff was left unexamined.
Referencing «Greater fool theory» and uttering terms like irrational or
tulipmania in the context of Bitcoin's amazing run is not entirely wrong.
When other follies,
like tulipmania or eugenics, were at their height of popular obsession, the belivers in those lost causes acted the same way when confronted with uncomfortable ideas as you do defending AGW.
It's too much to get into here, but google «
tulipmania» and see how that bubble formed in the 1600s.