Jonathan great analysis, thanks for posting, you are obviously well read, knowing of such things as DLT, and MMT, but something is missing, the energy considerations at the input of Bitcoin, when we look there, is where we see the thing most special about Bitcoin.

I’ve elaborated a little more in my response to another, made in discussion of Stephen Yearwood ‘s reponse here, if you would like to know more (or check out some of the other stories in my profile)