No, you are right on the money with those remarks, Bud. It all gets down to basic, simple, transactions. A bitcoin is not a record, though. But, if you think about it, they could code in some kind of encryption, requiring the consent of a third party to enable the MP3. Problem is, the more they go there the more likely the same old thing is going to be encouraged; that is, bootlegged and pirated tapes.
Let's not go back to the guy in the parking lot with a trunk full of 8-tracks.
I recently attended an online investment seminar. The point was made that any time we see a prolonged bull market, as we are in, we always see a rash of "don't miss out on the next big thing." It is a human frailty and bitcoin (self driving cars, pest free corn, the list goes on) fits the description.

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