Well written, @attalis. It should come as no surprise to anyone that China is slamming the door on cryptocurrencies. If they cant control something, they kill it. Ahhh, the joys of communism.

After a period of adjustment, we ought to see prices come roaring back as more supportive hosts pick up Beijing's slack. Whether its South Korea and Japan, Russia or some other more hospitable venue, cryptocurrency will find a home. The First Law of Markets prevails everywhere: where there's a demand, someone will always facilitate the supply.