It sounds like justifying an investment.
Exactly.
About a dozen pink sheet issues with a blockchain/bitcoin have gone parabolic in the past couple weeks. Some have already declined more than 50 percent from the recent peak. In the days ahead the pink sheet traders will discover more issues and trade them higher for a few days. They will sell and then attempt to discover more tickers to trade.
And so it goes.
But your assessment -- you really did some incredible homework -- which reveals the inherent flaws in this imaginary currency connected to a form of computing technology won't convince everyone. There will always be a subset of true believers who will simply refuse to see the forest for the trees.
The Nasdaq's third tier, the AMEX can be just as bad, and last but not least, the OTC, it seems, are financial venues that reward failure.