> 1. BTC has cratered 20% in the past couple days. I know, par for the course for crypto, but also a good example of why it doesn't share standard features of real currencies.
Currencies tanking is not uncommon either. I'm not sure what you think this proves exactly.
Major fiat currencies tanking 20% in a matter of hours is extremely uncommon, that's my whole point. In the forex world moving a percent or two in a single day is considered a major, major move. In the land of crypto that's standard lunchtime volatility.
Currencies tanking is not uncommon either. I'm not sure what you think this proves exactly.