I follow all of this reasoning and really don't disagree. I would just add that, while I don't want All of my money to be based on crypto, I do like that I could feasibly have Some of it. It seems like a richer or more dynamic future.

The PoW stuff, yeah, there is a reason it exists as you know but it is undeniably insane too. PoS is going to be interesting to see how it goes with Eth.

As a third dimension, I am very optimistic that we're on the order of 1 decade away from a huge change in energy, where solar is dirt cheap. If we see an S curve style shift to that mode of energy production, I think the PoW conversation changes a lot.