I remember a conference almost a year ago. Bitcoin (and other cryptocurrencies) had started its major run; everyone was excited. In the panel discussions, the bitcoin proponents were talking about it reaching $100,000. This was what everyone was hoping for — bitcoin was finally taking off, and it was going to be HUGE. Cryptocurrencies were going to change the world! The true believers were talking about liberty and freedom. Johnnies-come-lately were jumping aboard to set up mining rigs as fast as they could get their hands on graphics cards.