You make a very compelling argument, especially #1 that there can't be an expectation of any new technology or science to come out of money spent on speculation or mining. Equivalently, any progress in blockchain technology doesn't require the existence of the Bitcoin network to be implemented.
I now see some holes in my Apollo analogy (also government vs individual spending). I am lucky there is always someone on HN who will make a better point :)
I now see some holes in my Apollo analogy (also government vs individual spending). I am lucky there is always someone on HN who will make a better point :)