Agreed. It also flooded VCs with money to fund and hype projects that would otherwise be completely ignored.
Discussion
Tech+bitcoin = abundance
Tech+fiat = serfdom
The sad part is bitcoin is going to invert the economy so bad it's going to seem worse than serfdom for awhile. It's going to be the equivalent of letting an animal that has been captive at the zoo for 50 years back into nature.
We have to go back and un-fuck everything from 1970 onward.