I agree with you. I never expected to one day be saying the inbuilt scarcity enforcement mechanism of Bitcoin is not something to be admired, but something to be afraid of, the bait in the beartrap.

If you have a little time, I would very much appreciate your appraisal of some of my own thoughts on the current situation, expressed in a response to another related story:

It is really cool to research history to try to make sense of the present, thanks for posting.